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 .
OXX Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held