OKYou've got the tenements - which is good - I like the part...

OK

You've got the tenements - which is good - I like the part about OMV/ENI needing to commit to drilling by Jan 2010.
With OXX free carried

But there are enough assets to warrant mention

Shares + options = 176 + 41 = 217million shares

Cash - $29,655,000
(as of last quarterly ann)

Shares
CUE - 36,380,140 x $0.24 = $9,731,234
BBP - 11,263,289 x $0.07 = $788,430
OIP - 10,972,923 x $0.105 = $1,152,156
CTP - 10,000,000 x $0.135 = $1,350,000
GGY - 6,140,000 x $0.051 = $313,140
MOG - 1,863,806 x $0.205 = $382,080
PTS - 50,000 x $0.087 = $4,350

Total in shares - $13,721,390

Shares plus cash

$43,376,390
or
20 cents per share.

So.....

the tenements are going for 15cents today

or another way to look at it...

every 6 OXX shares you buy - you're getting one CUE share

Oxx is not just limping up to the ASX asking for cash - they're loaded up with assets, cash and tenements with huge possibilities.