OXX 5.26% 3.6¢ octanex limited

Business end of the drill at Ophir, page-3

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    Timing of completion looking great. First oil about the end of August, full production maybe a month later. Hopefully selling into Brent pricing at around USD$55. We will probably have to wait to January to get a clear idea of the profit margin and what the final capital cost has come in at. We need to see details of how the dramatically lower capital cost affects the earn out /payments.
 
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