OXX 5.26% 3.6¢ octanex limited

Ann: Quarterly Reports - 31 December 2017, page-17

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  1. 196 Posts.
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    I have never met, spoken to or communicated with Uncle. You have and you shared the result. So I am not inclined. Thanks for the suggestion.

    My sources tell me: (a) the FPSO is in normal condition except for a 24 hours shutdown due to diesel supply contaminated with water previously and (b) production issues are being handled by Ophir. We still await the overdue OXX update. OXX is now a production company generating income as well as being an explorer. Imagine if OXX during a drill, released news of a lost drill bit and gave no regular follow-up. My suggestion is OXX issue a regular production report, say weekly, until the de-bottlenecking and other production issues get sorted. It can be a simple pro-forma form. When drilling there is a weekly drilling report. DYOR IMHO
 
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Currently unlisted public company.

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