MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED FEBRUARY 28, 2010
Introductory Comment and Overview
Oromin Explorations Ltd. is a junior mineral exploration company listed on the Toronto Stock Exchange under
the trading symbol “OLE”. The Company is in the business of exploring its resource properties located in Sénégal
and in Argentina, with the primary aim of developing them to a stage where they can be exploited at a profit. The
Company does not have any producing properties and its current operations are exploratory searches for
minerals or hydrocarbons. During the year ended February 28, 2010, the Company was primarily engaged in the
exploration of its OJVG Gold Project in Sénégal; this project was in past periods referred to as the Sabodala
Gold Project. The Company holds a 43.5% interest in the OJVG Gold Project through its 43.5% holding in
Oromin Joint Venture Group Ltd. (“OJVG”). In the Province of Mendoza, Argentina, we drilled the first wildcat
well on our Santa Rosa oil & gas concession which was announced on July 28 to be a dry hole. Oromin is
currently seeking third party participation in this 100 per cent owned project to drill additional test wells on the
very large concession area.
This MD&A is dated May 27, 2010 and discloses specified information up to that date. Unless otherwise cited,
references to dollar amounts are Canadian dollars. Throughout this report we refer from time to time to
“Oromin”, “the Company”, “we”, “us”, “our” or “its”. All these terms are used in respect of Oromin Explorations
Ltd. which is the reporting issuer in this document. We recommend that readers consult the “Cautionary
Statement” on the last page of this report.
Additional information related to the Company, including the news releases cited below under the heading
“Overall Performance”, is available for view on SEDAR at www.sedar.com .
The following is a summary of significant events and transactions during the year ended February 28, 2010 and