OXX 5.26% 3.6¢ octanex limited

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  1. sle
    7,430 Posts.
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    Why would you sell now anyway? Drilling to start soon.

    Almost all potentially
    commercial fields were
    recognised pre-drill via DHI

    % Commercial with DHI
    (pre-drill) 93%

    Summary:
    Drilling operations to test the validity of the large prospects
    identified from 2D and 3D surveys within WA-362-P and WA-363-P
    to commence in late January 2011.
    Two wells to be drilled, Gawain-1 in WA-362-P and Galahad-1 in
    WA-363-P
    Each well is targeting Triassic aged reservoirs in the Mungaroo
    Formation. Each structure has stacked reservoir plays.
    The potential resource size targeted by each well is substantial.


 
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