OXX 5.26% 3.6¢ octanex limited

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  1. 2,603 Posts.
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    Lots of media coverage over possible gas sale to. Wpl for Pluto 2. Interesting results when you search for results of abandoned hole (Wesley 1) drilled by woodies, they weren't able to get anywhere near their main seismic target which is very substantial. Having 40m nett of good sandstone underwrites the discovery but it the lower level DHIs come in, this will be a major field. I have been a long and ardent supporter of oxx and think they are a real chance of being a multi $ stock by end of the year.
    Albers has been careful to manage risk while keeping cash in the kitty and maintaining huge leverage to success. Pretty much impossible to do but I think he may well pull it off. Hope he makes a billion, will be well deserved.
 
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