OXX 5.26% 3.6¢ octanex limited

They were aiming at getting the capex down to USD$75. Theres a...

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  1. 2,603 Posts.
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    They were aiming at getting the capex down to USD$75. Theres a formula for return based on capital efficiency and only two major elements left, wellhead hook ups of flow lines and the completion of the FPSO. We should be looking at a very nice cash earner from the end of this month or thereabouts. Price is way too cheap but I expect the market to chase them up to maybe mid teens once the cashflow starts. DYOR and good luck.
 
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