this little beauty holds rights and free carrieds to huge elephant country types plays that only bhp, shell and woodside usually hold. News and drill confirmations should flow in the next few months. If gigantor (which i believe to be their best prospect) is drilled and successful which they are free carried by the way, this well alone could be worth 200-300 million in ground.
thats $2 a share! not to mention there holding in CUE which is 46 odd million shares which basically gives them a 2% indirect interest in artemis
plus numerous other interests
does any other junior oil explorer have this much potential on the ASX ?
liquidity is a problem but works in your favour when a discovery is made as there would be no sellers!
good luck
OXX Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
