OXX 5.26% 3.6¢ octanex limited

Welcome back GO .Drilling operations ( for both wells , I assume...

  1. J8
    10,810 Posts.
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    Welcome back GO .

    Drilling operations ( for both wells , I assume ) are expected to take 60 days , per announcement 08/11/10 and the 25/01/11 presentation .

    If the SP is cut by half on any failure in just the first well I would be surprised . That would be back to cash and liquid asset backing . Of course the SP might get halved from a much higher level than today's price .

    Agreed , an interesting week ahead for the SP .
 
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