OXX 5.26% 3.6¢ octanex limited

Time for change, page-4

  1. 417 Posts.
    lightbulb Created with Sketch. 47

    I’m actually in the pessimists camp here.

    It doesn’t appear Petronas has accepted the termination of the Ophir RSC yet ( remember they have 3 months from the date the notice given which was 2 months and a few days ago). If it was going to be amicable I reckon this would have been done months ago. If it is not amicable and Petronas delay payment for whatever reason the jv is in firing line. They borrowed 75 % from banks and then oxx funded their portion of the other 25% from the Sabah convertible notes. The banks get paid first then the last 25% go to OPSB. Tick tick on the interest bill I reckon.


    Winchester has been relinquished


    Ascalon needs more work before being accepted for ‘declaration of location’


    Is OXX almost out of time?


    Hmmm







 
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