OK
You've got the tenements - which is good - I like the part about OMV/ENI needing to commit to drilling by Jan 2010.
With OXX free carried
But there are enough assets to warrant mention
Shares + options = 176 + 41 = 217million shares
Cash - $29,655,000
(as of last quarterly ann)
Shares
CUE - 36,380,140 x $0.24 = $9,731,234
BBP - 11,263,289 x $0.07 = $788,430
OIP - 10,972,923 x $0.105 = $1,152,156
CTP - 10,000,000 x $0.135 = $1,350,000
GGY - 6,140,000 x $0.051 = $313,140
MOG - 1,863,806 x $0.205 = $382,080
PTS - 50,000 x $0.087 = $4,350
Total in shares - $13,721,390
Shares plus cash
$43,376,390
or
20 cents per share.
So.....
the tenements are going for 15cents today
or another way to look at it...
every 6 OXX shares you buy - you're getting one CUE share
Oxx is not just limping up to the ASX asking for cash - they're loaded up with assets, cash and tenements with huge possibilities.
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OKYou've got the tenements - which is good - I like the part...
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