Looks like a stock to accumulate and I like that the traders are not involved. Is certainly off the radar. Did a small bit of buying today and will see what oportunities present themselves in the future.
What attracted me were the fundamentals being - good acreage, lots of potential for liquids in the discoveries (gas is ok but if you want to commercialise quickly liquids are the way to go) and very good farm out agreements which cap the drilling risk and downside. The quality of the farm out agreements look like it could be a result of the composition of the board. If the subsurface work is of equal quality it would be great.
Worth a punt to see how the drill bit goes over the next 2 months.
OXX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
