Production drilling commences 2Q and first oil is 2H 17 so things are now at the pointy end of this project. Petronas have said no more RSCs. That's ok as I believe OXX are now after bigger, more rewarding projects where they have direct equity in the oil or gas. Remember the OXX business plan - exploration AND production. All the planets are beginning to align IMHO and growth as a producer is occurring step by step, slowly slowly. The introduction of an oil major into one of OXX's large NW permits with their known gas fields would be a huge step.
OXX Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
