Commercial-in-confidence may prevent contract terms of OPSB with Petronas being revealed.
There was another article in the same paper that referred to middle eastern oil ministers confirming decreases in oil production with one oil minister even mentioning a projected oil price of $65.
It would be good if OXX was well advanced in its considerations of other brownfield projects. GA has advised OXX missed out in a tender process for a producing offshore WA oilfield. Hopefully OXX has not missed out on the bottom of the business cycle for its next project.
Today on the KLSE, in morning trade, Scomi Energy was unchanged on good volume and strong on the buy side.
OXX Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held