Have been reading the latest STO presentation. Pages 65 and 74 have details about the Winchester prospect which is a updip redrill of a previous well that had substantial gas shows that were never tested (in 1979) due to operational probs. It is predicted to be a substantial gas field with high accompanying liquids and multiple development options and if it comes in, will be a real rocket under OXX who have a free carried 25% interest. Absolutely nothing in the existing OXX SP for the prospects that it currently has in play. PALTA result should be within the next two weeks and the MATUKU free carries from OMV and NZOG are worth more than the current MV by their own. Looking for OXX to have a huge 2013.
OXX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held