OXX 5.26% 3.6¢ octanex limited

Ann: Weekly Drilling Progress Report, page-12

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. 196 Posts.
    lightbulb Created with Sketch. 3
    This is a bit off topic. Santos has not stated any timetable but remember the permit is only at the exploration stage, there is still retention and production stages to run. OXX farmed out 75% to Santos to be free carried for a period and it certainly included the first well. Whether OXX can retain 25% remains to be seen as the permit is reported to have deeper potential and further promising structures to be explored. Drilling costs are not cheap even in this downturn and any drilling needs to fit into the JV business strategy of the day.
 
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.