Australia's largest stock trading and investment forum Australia's #1 stock forum

OXX

Click for more information

5.26%

3.6¢ octanex limited

Hopefully OXX will gain a lot of experience and some profit from...

First 13 Last

Share
Profile

Follow
barry731

1,027 Posts.

25/07/14

09:37

Post #: 13712641
Share

Originally posted by uazy4 ↑

A couple of facts to rest people's minds. Ophir Petroleum is taking on the debt not OXX. With RSCs because the contractor takes on the development risk, it is normal once oil flows the cap ex is paid back and then the contractor is paid a commission on oil recovered. The oil is always owned by Petronas. The field is supposedly 5MB but enhanced recovery and further discoveries may take it higher. The contract is for 7 years but who knows, OP, if it does a good job, might pick up additional contracts from Petronas. This experience will also be transferrable to Cadlao if and when every issue is sorted out. Ideally OXX will be the Cadlao operator and the project can start in the short term. The new OXX business strategy to incorporate field development into traditional pure exploration is taking shape.

Expand

Hopefully OXX will gain a lot of experience and some profit from this deal.Experience that will help them to eventually get Cornea developed.

OXX Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 48, 2024

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 18 more messages in this thread...

First 13 Last

Add OXX (ASX) to my watchlist