The next two weeks will be showtime for Octanex I reckon. Palta is way overdue and Winchester should hit the first of 4 seismic anomalies. I am particularly optimistic about Palta, they have seismic tie lines back to previous wells and Falcone 1 had hydrocarbon shows supporting the theory that it hydrocarbons had migrated thru it. Am trying not to put any targets on OXX, it has great leverage to discovery, cash backing along with other compelling prospects and very smart management. I still maintain that the big upside is the acreage uprating that they will get if Matuku comes in. It will rewrite the entire oil and gas industry in NZ. Am wishing I had bought more.
OXX Price at posting:
22.0¢ Sentiment: ST Buy Disclosure: Held