OXX 0.00% 0.6¢ octanex limited

oxx situations

  1. 10,892 Posts.
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    With the T H in place all day today Im thinking along with most aware share holders that there could be several situations at the well head.
    1/ 3832m target ( Mungaroo ) reached and signs of GAS so T H announced while drilling continues to accertain the depth of the gas column.( likely )
    2/ Nothing at target zone and drilling ahead to Intra Mungaroo at 4200m depth.(likely )
    3/ Blanket T H while at target depth while in the zone of expectation.(unlikely )
    4/ Drilled the Top and Intra Mungaroo and nothing so drilling ahead to the T Depth ( too soon yet ).
    5/Gear break down so T H ( unlikely )
    6/ Missed target altogether and evaluation of site before moving away ( unlikely-too soon )
    7/Drilling ahead very slowly so as to throughly examine all cuttings, debri and drill mud ( slightly likely but not expected with a experienced operator running the show )8/Oil discovery, (unexpected)
    9/With the delay between the "notice received " and the T H there could have been communication necessary with head office re the t H and head office would want to have all details communicated to its interested parties hence the total T H ( likely but slim chance )

    Any original thoughts welcome, .
    Wheres bm ?
 
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Currently unlisted public company.

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