OXX 5.26% 3.6¢ octanex limited

Always good to to be reminded of the potential of the various...

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  1. 1,027 Posts.
    Always good to to be reminded of the potential of the various OXX interests.I notice that the 33 million unlisted trustee shares are back.
    1.An interesting report from CUE yesterday re exploration including Woodside to spend an estimated $US 60 million on CUE's Caterina permit.
    2.Resumption of Taranaki 3D seismic expected to restart in January 2011.
    3.Cornea.Discussions with potential co-developers underway.If continued work on Cornea provides further encouragement OXX may seek a greater interest.I wonder if Albers is pondering on folding another of his companies into OXX.
    4.Reprocessing of some of the seismic on the Bonaparte Gulf areas acquired via Goldsborough.Should be more interest when Santos develops its Petrel and Tern fields.

    OXX has a great range of interests at various stages of exploration and enough cash to carry out limited exploration in an effort mature some of them to the farm out stage,where they may attract larger players.
 
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Currently unlisted public company.

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