Can OXX do a deal with WPL?, page-2

First 2 Last

Share
Profile

Follow
clearasmud

350 Posts.

01/10/16

09:11

Post #: 19555943
Share

Originally posted by rivermore ↑

Interested to read the Annual report to shareholders, especially page 12 where they talk about the prospectivity of WA- 387-P. Its North West from Rankin and its primary gas targets are the same reservoirs that produce at Wheatstone. Given the looming backfill problems facing both NWS and Pluto, I thought the comment about 'Octanex are seeking farm out interest from Exploration and speculative seismic companies to join with it to carry out 2D seismic and further studies' to be interesting. Do WPL wait to see if OXX drop the permit and then compete to pick it up or do they do a deal to farm in? Trouble is the clock is ticking for WPL (big time). Hopefully they will sign up, it will be just the kicker OXX need to generate some interest.

The rest of the report makes interesting reading, the build price of Ophir has collapsed and meant much less debt for the JV. With first oil late 2017 and the first 3 qtrs costs mostly covered, it really is set up with a good chance to make a quid. The last ctg were snapped up today so I suspect a rerate might be not too far away. I'll qualify this though by saying that OXX have kicked me in the a enough times though for me not to be overly optimistic. GLTA.

Expand

Very interesting points Rivermore.
I can't find any production and cost estimates for Ophir.
Are they keeping this information to themselves?

OXX Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

FNX

Aussie Broadband set to kick off share buyback starting Q1 CY2025

There are more pages in this discussion • 19 more messages in this thread...

First 2 Last

Add OXX (ASX) to my watchlist

Can OXX do a deal with WPL?, page-2

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Aussie Broadband set to kick off share buyback starting Q1 CY2025