OXX 5.26% 3.6¢ octanex limited

Lies dam lies and statistics....The chances of finding oil or...

  1. 170 Posts.
    Lies dam lies and statistics....

    The chances of finding oil or gas are slim agreed. Unfortunately while other companies aren't getting success with the drill bit regularly, have a look at the chevron stats in the last 2 - 3 year on the n w shelf and browse.... I think they have had 22 discoveries and they already have more gas than they currently know what to do with it. They have deep pockets and these finds don't impact the share price much. What we are looking for is a company that can buy and hold permits until they are derisked and with great reservoir analysis and drillers hit the target... All on a small cap budget. Hard to find.

    I just hope CVX haven't found your 1 in 10 or the count is reset....
 
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