Cheers, all the media always talk about the wa 420 permit...

Cheers,

all the media always talk about the wa 420 permit holders.. who each if proven might get up to 300million.

a pittance compared to % of sales that OXX will get. (back of envelope)

if they find something say 11tcf @ $100 BOE

Oil Price 100
Project Life 25
Octanex Equity 1%
BOE 2,000,000,000(ish)
GIP Value $200,000,000,000
OXX Share $2,000,000,000

Yearly Payments $80,000,000

and then 1% of liquids sales aswell. could be up to another 20million a year.