The official company answer - the bizzarre price behaviour...

The official company answer - the bizzarre price behaviour suggests something is up....maybe it's a leak on the Malaysian side?



response to your query of 16 May 2017, regarding the recent price increase in the Octanex Limited (“the Company”) securities and increase in volume traded on 16 May 2017, we provide the following answers using the numbering in your letter:

1. The Company is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities.
   
   
2. Not applicable.
   
   
3. The Company can offer no explanation for the recent change in the price of its securities or the increase in the volume of securities trading on 16 May 2017. Octanex confirms no change to the Ophir drilling plans as announced on 9/5/17 (see attached).
   
   
4. The Company confirms that, to the best of its knowledge, it is in compliance with the listing rules and, in particular, listing rule 3.1.