reddragon, if oxx have ownership over a producing asset, then it is a producer... directly or indirectly...
If oxx were to monetise any palta find, any sale would be at discount... 50c per mcf would be the range, perhaps slightly more for the benefits of having a royalty... yeah its a 5 year wait, maybe less, maybe more... im not sure what shell is thinking... any discovery is a deep wait so on that level it doesn't matter which WA exploration wells you gamble on, only the ones that hit really matter... share prices will adjust accordingly...
on hotcopper there are gambling oil investors everywhere... most of these plays posters are senseless gamblers... if only they knew about oxx...
this stock is a gamblers dream, and more than ever the company looks to be pulling in the big find...
.^SC
OXX Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held