Without extensions the well (Palta 1) has to be drilled by August 2012.
Think that you will find that the timeline has slipped a bit from the first indicated 2011. Hopefully it will be drilled Q1 or Q2 1012. Refer to OXX qrtly 30.6.2011 and OXX Update June 2011.
In the update it refers to the fact that Shell "were experiencing delays obtaining regulatory approval".
Would be nice to hear news regarding WA-329P Hornet and Blackbird and also WA-342P Cornea.
With regards to WA-329, OXX states in their June presentation, "OXX position is attracting substantial interest from large companies and a farmout process is well advanced"?
With regards to WA- 342P,OXX states in the same presantation that, "Discussions with co-developers underway"?
OXX Price at posting:
23.5¢ Sentiment: None Disclosure: Held
