OXX 5.26% 3.6¢ octanex limited

Can OXX do a deal with WPL?, page-14

  1. 1,764 Posts.
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    Hi R
    Not sure that Geoff is to worried about that!

    Sometimes do wonder if there is any kind of end game for this stock?
    I did make the comment some years back that while I have a lot of grey hair Geoff has a lot more
    Geoff has such a huge holding, personally it must be a great disappointment that the hopes of a few years back came to nothing. the O & G game. Us likewise of course.
    At that time he funded his call on the partly paids, via a capital distribution if I have it correct.
    Hard to see him making the call on the last 10cents as he would have to fund a big cheque for his part?
    OXX's ability to raise almost nil.
    Are we just hoping to get a cash flow from Ophir, farm out of WP 387 or a left field even regarding
    Ascalon which would be a big.
    You did mention the possibility of Petronas buying back Ophir.
    I guess that is at least possibilities that would all be big events
    While the chair may make comments as to looking at new venture opportunities, can't see how they could fund anything.
    As has always been the case the stock is so thinly traded. At least it seems that it is to being pushed in the right direction for the first time in a long time.
    While perhaps the least likely the possibilities regarding Ascalon intrigue me the most.
 
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