What you discuss is interesting but I'm sure we are only seeing a small part of the deal so far. Where is the money coming from? Why did GA get approval to place a large No of OXX shares with an outside party as well as having the money callable on the contribs next year plus the usual 15% placement capacity? There are at least SIX farmouts being offered by oxx currently, are they going to step away from their current business model and become the Asian developments arm of a big O&G company? There is a much bigger game in play here IMO. Good luck to holders, hang tight.
OXX Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
