It was disappointing that their first drill was a duster. At least it was at no cost to Octanex; and they still have cash etc backing of around 30c per share. Also they have an impressive portfolio of further exploration interests - the likes of ENI / OMV / Shell wouldnt commit 5 mill or thereabouts per drill unless they are sure the evidence supports a reasonable chance of success.So hang in there and there should be good results from some of the following prospects.
Permit Geological Basin/ Sub-Basin Octanex Group Percentage Interest Held Permit Operator or Sole Interest Holder
WA-329-P Exmouth 100% Octanex Group
WA-323-P Dampier 100% Octanex Group
WA-330-P Dampier 100% Octanex Group
WA-342-P Browse 8% Exoil Group
WA-362-P Exmouth Plateau 40% OMV Australia Pty Ltd
WA-363-P Exmouth Plateau 40% OMV Australia Pty Ltd
WA-386-P Exmouth Plateau 40% OMV Australia Pty Ltd
WA-387-P Exmouth Plateau 40% OMV Australia Pty Ltd
WA-384-P Southern Exmouth Residual & royalty rights Shell Development (Australia) Pty Ltd
WA-385-P Southern Exmouth Residual & royalty rights Shell Development (Australia) Pty Ltd
WA-394-P Southern Exmouth Residual & royalty rights Shell Development (Australia) Pty Ltd
EPP 34 Otway 30% Exoil Group
PEP 51906 Taranaki 100% Octanex Group
OXX Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held
