OXX 5.26% 3.6¢ octanex limited

exmouth elephants, page-14

  1. 1,764 Posts.
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    So OXX has 4% of CUE with 15% of artemis and

    6% of MOG with now 10% of Artemis.

    4% of 15% and 6% of 10% means that OXX has a 1.2% indirect interest in Artemis.

    Fully diluted minus the Dovedale holding there are now about 200m shares on issue.

    If Artemis came up with 10 TCF OXX share at 50c mcf in ground would be:-

    60m :- 200 = 30cps
    Not to be sneezed at of course but small beer compared with their other prospects.

    I think these numbers are right but,
    E & OE.
 
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