River have you confused declaring a location with retention leases? OXX already have declared a location over the Saratoga and Ascalon discoveries. Also the year 6 oil well will be a commitment to the remainder of the permit if the retention lease is granted over the locations. In 2014 OXX were advertising and seeking JV partners for their wholly owned NW permits. So IMHO we need a further explanation from Rae.
OXX Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
