Australia's largest stock trading and investment forum Australia's #1 stock forum

OXX

Click for more information

5.26%

3.6¢ octanex limited

OXX bot operating, page-11

First 11 Last

Share
Profile

Follow
sle

7,430 Posts.

58

21/05/17

16:52

Post #: 24820689
Share

Originally posted by tui ↑

Crackity.,
as you know this is a stock run by a very able senior oil man. he plays a patient game and has adjusted his strategy to look for producers with a little bit left for a bit of a fling at retaining permits that could florish later. His first card is this new Ophir drill which will give the company cash flow. It is not a big deal but it will give OXX the opportunity to get a lot bigger if the likes of of Ascalon ever get recognised.

I think the Ophir drill will take it north of 15 cents. Jimho. There have been no real trades to test this. It could go a lot higher.

Expand

Bit confused with this one. Is OXX receiving a royalty type payment for the oil obtained from Ophir or are they entitled to a percentage of the oil and if so, exactly how much?

OXX Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Bitcoin jumps 8% to beat record on Trump vote optimism

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

RLF

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

There are more pages in this discussion • 4 more messages in this thread...

First 11 Last

Add OXX (ASX) to my watchlist