OXX 5.26% 3.6¢ octanex limited

Ok - pluses - not many - though OXX seems to be expecting...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 417 Posts.
    lightbulb Created with Sketch. 47

    Ok - pluses - not many - though OXX seems to be expecting Petronas to accept the termination of the RSC- that’s good!

    But the wash up will take time -
    1. On 6 June 2018 OPSB exercised its right to terminate the RSC, providing PETRONAS with 90 days written Notice of Termination.

    And -
    2. Octanex does not presently anticipate receiving a surplus of funds following a full redemption of the SIP Convertible Note facility, at the level presently drawn.

    Ascalon is the only remaining potentially viable project at the mo -

    3. Here’s the guts...
    Octanex has pursued several work streams in relation to appraisal of the Ascalon accumulation.
    These include to review in-place resource estimates, multidisciplinary review and assessment of the Ascalon data-set, pore pressure study and well deliverability modelling. These activities are ongoing with the objective of derisking the gas volumetric assessment.

 
watchlist Created with Sketch. Add OXX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.