OXX 5.26% 3.6¢ octanex limited

I agree with you about the potential upside to reserves. Ascalon...

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    I agree with you about the potential upside to reserves. Ascalon 1A was drilled 200m below the crest of the structure so it may actually have a vertical closure of about 380m. Even foer a somewhat tight formation, thats a heap of gas. Its relatively shallow water also, jack up rig country which are dirt cheap at the moment. OXX will be cashed up in 12 to 24 months time as Ophir will be spinning off serious cash so don't discount too many options yet. GA will be keen to put that money to work.
 
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