ECH OXX

Oxx paying none of the drilling costs - the US $12.5 million...

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  1. Crackity
    417 Posts.
    lightbulb Created with Sketch. 47
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    02/12/13
    11:19
    Post #: 12645123
    Oxx paying none of the drilling costs - the US $12.5 million from NZO was for a selldown of a portion of the OXX free carried interest.

    If there is another well straight after this one oxx and nzo have put and call options - for another 5% of the free carried interest nzo have to pay oxx share of the next well...

    Great deal for OXX on the risk minimization side....

    Regards!
    OXX Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
36.0¢ 		Change
-0.020(5.26%) 		Mkt cap ! $87.34M
Open High Low Value Volume
36.0¢ 36.0¢ 36.0¢ $958 2.661K

Buyers (Bids)

No. Vol. Price($)
1 14290 36.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.5¢ 1940 1
Last trade - 10.02am 07/11/2024 (20 minute delay) ?
ECH (ASX) Chart
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