OXX 5.26% 3.6¢ octanex limited

trustee stock, page-8

  1. 1,764 Posts.
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    Absolutely Camry except it is much better than .11 TCF as it is an overriding royalty.
    1% OORis generally considered to be equivilent to between 7 and 10% share as there are no costs.
    Optimistically if there was 10 TCF and using the 7% figure then the equivilent would be 700BCF at say $0.50 per thousand (ballpark inground figure), then we are talking about 350m. Fully diluted is 225m shares (off the top of my head) so talking about
    350 :- 225 = $1.55 per share + discovery payments + hugely upgrading value of the permits.
    Fingers crossed. Never know your luck in the big smoke!
 
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