OXX
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5.26% 3.6¢ octanex limited

The 2 for 5 PKO Rights Issue raised a total of $1,943,580 enough...

  1. uazy4
    196 Posts.
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    06/02/14
    20:56
    Post #: 12902556
    The 2 for 5 PKO Rights Issue raised a total of $1,943,580 enough for seismic and some working capital.

    The OXX/PKO merger is due for 2Q 14.

    OXX shareholders ought to read the PKO Dec 2013 quarterly activity report to see what is ahead. There is a possible onshore well in 2H 14 in the exciting South Block A after the completion of seismic in 1Q 14.
    OXX Price at posting: 13.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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