OXX 5.26% 3.6¢ octanex limited

News: OXX Octanex not granted petroleum retention leases for Ascalon gas discovery, page-35

  1. 417 Posts.
    lightbulb Created with Sketch. 47
    They way I think it works is the area gets split into 2

    1 is the defined retention lease

    2 is the balance of the permit.

    2 could then be relinquished and the well commitment goes away.

    I could be wrong....
 
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