OXX
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5.26% 3.6¢ octanex limited

re: Ann: Octanex Awarded 4th New Zealand Expl... CamryIn your...

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  1. 34232
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    28/03/12
    13:44
    Post #: 9906653
    re: Ann: Octanex Awarded 4th New Zealand Expl... Camry

    In your post 25.3.12 is that a cut and paste and if so from which document?

    The specific numbers for Winchester that I have seen are from 30 June 2010 Financial Report.

    Gives

    Prospective Gas Resources

    Best Estimate 1117BCF
    Mean Estimare 1492BCF

    Prospective Condensate Resources

    Best Estimate 49
    Mean Estimate 67

    OXX has 25% of this.

    Winchester has been described as 'analagous to' and in a 'similar geological setting'. I hesitate to take the comparision much further.

    I realize that STO has since done another 3D over Winchester so figures could well be way out of date, however I can't recall or find anything more recent.

    Can you please point us to the reference for your numbers?
    OXX Price at posting: 21.0¢ Sentiment: None Disclosure: Held
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