Ann: Matuku-1 Well Spuds , page-3

Does OXX have to pay 22% of the total drilling costs?
Is that budgeted at $30 mil?

So basically the last $6.5 payment by NZOG goes towards OXX drilling cost. The directors are smart.

What is the cash backing per share ( before the final $6.5 mil NZGO payment) ?

Is it 14 cps?

There s still a lot of hope value tied into the current sp. Probably at the right amount but its no bargain IMO. OXX needs positive result.

The recent chairmans AGM address is 100% apt.