Many of the RSCs awarded to date have been dogged by delays.
If the OXX JV can achieve the goal of oil by 18 months via their low risk development concept, they will be in a good position for the awarding of other RSCs. GA has already stated "Octanex looks forward to pursuing further projects in Malaysia with Vestigo and Scomi".
Hopefully there will be no issues with the funding because we don't want another Cadlao.
OXX Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held