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
OXX Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
