ShareT78, when the merger was first tabled OXX was about 24c, @...

ShareT78, when the merger was first tabled OXX was about 24c, @ 1 OXX for 24 PKO that figured at about 1c for PKO at that time.

Post CADCO settlement, and additional 1 for 12 will be issued, so now 1 for for 12.

PKO holders need to be mindful they are now exposed to OXX assets / projects, of which OXX have got many irons in the fire. IF any of these OXX deals / farmins get traction, then PKO will get a lift.

EG: if OXX hit 24c, then PKO is technically worth 2c.

But ultimately I want exposure to South Block A, so I have loaded up on both OXX and PKO, as they are essentially the same animal. Not many OXX stock available ATM, so PKO is a sure way to get hold of OXX stock.

Merger execution will be OXX script of a new ~56 mil OXX shares to PKO holders, which by my back of beer coaster calcs' is roughly a 25% - 30% dilution to OXX holders. BUT considering 16.25% of Cadloa is rated at ~$22 mil, then OXX holders have got to be happy with that.

This is a good deal for everyone IMO, and I have no doubt GA has been targeting SBA from the outset.

---South Block A PSC (SBA)  Seismic acquisition program successfully completed  Seismic data being processed and interpreted to mature shallow oil prospect for drilling projected for the end of 2014 and deeper wet gas prospect in 2015  High quality live oil encountered in hand drilled shallow wells near Simpang Lead  Third party open access gas pipeline under construction, passing through SBA  SBA providing a strong value focus for the Company