OXX have a mkt cap if $32 m and cask roughly $8 m.
Im not expert to appreciate if their holding Blocks are worth $26 m. All are in Aust or NZ. I understand they are on a loosing streak of around 5 non commercial drillings.
Q How does the Myanmar bidding work? You place a tender on up to 3 of 30 blocks. The criteria are based on demonstration of a number of technical, financial elements and who your local partner is. But there must also be a price to pay the govt. What sort of money are they talking of and when does it have to get paid?
Could PKO and Chinthe Energy raise that alone?
What did the onshore bids go for?
PKO Price at posting:
0.8¢ Sentiment: None Disclosure: Held