Re Palta being possible being oil, I wouldn't read anything into that.
He said talk, not rumour, and it wouldn't surprise me if he picked that up from this post - http://hotcopper.com.au/post_single.asp?fid=1&tid=2016216&msgno=9452172
OXX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Not Held