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5.26%

3.6¢ octanex limited

Ann: Loadout of Platform for Ophir Oil Development, page-5

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rivermore

2,603 Posts.

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27/03/17

16:51

Post #: 23655702
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Originally posted by uazy4 ↑

So no retention lease re Ascalon due to no viability for 15 years. What about putting the Ophir experience into practice with the development of Ascalon via a production lease with a tie-back into one of the two nearby pipelines. Whilst Ascalon is not the same as Ophir, there would be huge learnings from OXX's first brownfield development. There has to be a next project after Ophir, why not Ascalon?

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I'm guessing Cornea. It looks like Enegex is doing some other stuff so am hoping GA adds that shareholding into OXX. It looks like oil going to be USD 50 to 60 for a few years though so it will be a big ask to get Cornea up. Some interesting opportunities in Bass Strait though, that was were GA cut his teeth (look up Yolla field) and with the high gas price, theres serious money to be made IMO.

OXX Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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