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3.6¢ octanex limited

Excuse my ignorance but how do we make money out of a RSC when...

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ervina

284 Posts.

15/06/14

15:23

Post #: 13526324
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Originally posted by uazy4 ↑

Many of the RSCs awarded to date have been dogged by delays.

If the OXX JV can achieve the goal of oil by 18 months via their low risk development concept, they will be in a good position for the awarding of other RSCs. GA has already stated "Octanex looks forward to pursuing further projects in Malaysia with Vestigo and Scomi".

Hopefully there will be no issues with the funding because we don't want another Cadlao.

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Excuse my ignorance but how do we make money out of a RSC when we pay for half the development costs but don't own the oil.I thought that OXX could have gone into more detail about this in the announcement.

OXX Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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