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OXX

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0.6¢ octanex limited

Agreed - cheap spec buy.They could have folded the tent and...

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Crackity

933 Posts.

163

20/04/19

18:18

Post #: 38217655
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Originally posted by Mercury9: ↑

Thanks Crackity.
Ascalon reserve in the Bonaparte Basin is just south of Bayu-Undan and to the west of the new Bonaparte gas reserves in the Santos-Beach partnership. You can see Ascalon on the map link provided by Crackity.
https://mobile.offshoreenergytoday.com/santos-beach-energy-in-bonaparte-basin-acreage-partnership/

In other news
Discovery of massive Corvus 2 offshore gas reserves in Northern Carnarvon basin by SANTOS has just been published (100km Northwest of Karratha)
https://www.offshore-mag.com/articles/2019/04/santos-confirms-strong-gas-find-at-corvus-offshore-western-australia.html
https://www.copyright link/business/energy/gas/santos-makes-major-gas-find-off-wa-20190416-p51ekp

OXX interests in Northern Carnarvon Basin (Winchester) are just northwest of Corvus (25km), and larger holdings further to NW also.
(25% stake in project carried by SANTOS for exploration).
https://www.asx.com.au/asxpdf/20161028/pdf/43cfmwfcb7ytxs.pdfHopefully a little more exploration in the OXX catchments is on the cards.... Perhaps Octanex will raise again from the ashes of Ophir.
OXX is now a SPEC stock for me and worth a punt again.

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Agreed - cheap spec buy.

They could have folded the tent and easily slunk into the night after Ophir. Ophir wash up was better than I expected and its hardly a ritzy valuation at 1.9 mill.

Lets see eh!

OXX Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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