It was disappointing that their first drill was a duster. At...

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