Digging around I see Octanex has just had a small capital...

Digging around I see Octanex has just had a small capital raising of $300K to qualify it for listing on the ASX. It was oversubscribed. Octanex had been listed on the NSX previously.

The prospectus is here. http://www.nsxa.com.au/ftp/news/021721940.PDF

What was interesting they had a letter from Albers and the first photo I have seen of him. It also has a great table about the gas resource potential for the various NW shelf leases. Octanex may be anotehr in the same fold as MOG, MEO and CUE to keep an eye on when or if it lists.

Mr E Geoffrey Albers LLB
(Executive Chairman
Director since 12 November 1996
Mr Albers has over 30 years experience as a director and administrator in corporate law, petroleum exploration
and resource sector investment. He is a law graduate of the University of Melbourne and, after being admitted
in 1969 as a Solicitor of the Supreme Court of Victoria, held a corporate practicing certificate in Victoria until
2001.

In 1978 Mr Albers first became involved in oil exploration. At that time companies associated with him applied for and were awarded exploration permits in the offshore Bass Basin. Exploration in one of these permits,
T/14P, led directly to the discovery of the Yolla Gas/Condensate Field which is now being produced by Origen
Energy Limited and others.

In the early 1980's Mr Albers formed Cue Energy Resources Limited ("Cue Energy") (ASX Code: CUE) and
Southern Petroleum N. L. (“Southern Petroleum”) in New Zealand. Cue Energy has a significant interest in the
Maari oilfield development, the unitised S E Gobe oilfield and the Oyong oil and gas development in offshore
Indonesia. Mr Albers was until recently a director of Cue Energy and remains a substantial shareholder in Cue
Energy. See Cue Energy’s website www.cuenrg.com.au
Mr Albers was a founder of MEO Australia Limited (ASX Code: MEO) and is a former director and shareholder
of that company. MEO is now pursuing the development of a $2 billion gas processing plant on Tassie Shoal in
the Timor Sea, 300kms north-west of Darwin. See the MEO website www.meoaustralia.com.au.
Mr Albers founded Bass Strait Oil Company Ltd (“Bass”) (ASX Code: BAS) which has developed a portfolio of
interests in the offshore Gippsland Basin and is a niche explorer in that basin. Mr Albers was, until recently, a
director of Bass and remains a substantial shareholder in, Bass. See the Bass website www.bassoil.com.au
In 2004 Mr Albers was instrumental in the formation of Moby Oil & Gas Ltd (“Moby”) (ASX Code: MOG) which
has extensive interests in various permits in Offshore Australia. Mr Albers is a director of, and substantial
shareholder in, Moby. See Moby’s website www.moby.com.au
Mr Albers has significant interests in Exoil Limited (“Exoil”) (NSX Code: EXX). Exoil has a diverse portfolio of
offshore interests in Offshore Australia Basins, including the Gippsland, Bass, Otway, Dampier and Browse
Basins. Mr Albers is a director of, and substantial shareholder in, Exoil. See Exoil’s website www.exoil.net
In addition Mr Albers has interests in a number of unlisted public and private companies active in exploration for oil and gas in Australian offshore waters.