"UPDATE ON DRILLING PLANS FOR EXMOUTH PLATEAU PERMITS KEY POINTS � OMV and Eni have indicated to Octanex an intention to drill two wells, back to back, one well in WA-362-P and the other in WA-363-P. � Subject to timely receipt of all required regulatory approvals, drilling operations are currently expected to commence in mid-January 2011 and are planned to take approximately 60 days. � Drilling locations have not yet been determined but are expected to be settled in about four weeks, after which further details will be announced to Shareholders."
OXX Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
