OXX 5.26% 3.6¢ octanex limited

Ann: Ascalon Update, page-6

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  1. 417 Posts.
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    The stated concerns are -

    These reasons related to uncertainty raised regarding resource estimates and well deliverability, with corresponding development cost uncertainty.

    I giving OXX management a thumbs up for pulling the retention lease application rather than having a negative ruling.

    More expert studies ( possibly including your suggestion river), more documents and resubmit.....

    Dunno how you mitigate development cost uncertainty - look at rig hire fees 3 years ago vs now....however maybe they point to Ophir and say look how much we saved here vs initial budget?
 
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