Current Value of OXX Investments:CUE 43,656,168 $0.285...

Current Value of OXX Investments:

CUE 43,656,168 $0.285 $12,442,007.88
BBP 11,263,289 $0.08 $844,746.68
OIP 10,972,973 $0.072 $790,054.06
CTP 10,000,000 $0.076 $760,000.00
CTPO 5,000,000 $0.044 $220,000.00
GGX 6,140,000 $0.036 $221,040.00
MOG 11,548,806 $0.135 $1,559,088.81
BAS 4,000,000 $0.032 $128,000.00
PTS 50,000 $0.135 $6,750.00
GLD 16,081,597 $0.10 $1,608,159.70
GLDO 16,081,597 $0.01 $160,815.97

Total : $18,740,663.1

Cash : $22,785,000

Value : $41,525,663.1

Shares on issue : 177,428,104
Options : 36,651,372

Cash value per share taking options into account : $0.194


So the market is ascribing a value of 23cents for all other prospects, which when you look at the MC isn't a lot when you also factor in the exposure to CUE, MOG, CTP all of which have potential for HUGE upside over the next 12 months. With 1.5% indirect exposure to Artemis, on success this alone could significantly boost sh wealth. It's impossible to put accurate figures on this but hypothetically......

CUE @ $1 = $43,656,168
MOG @ $1.50 = $17,323,209

This could add a further $46,942,280.31 to the value of OXX assets or another $0.22 per share. (this is conservative, if Artemis reaches full value much more upside).

Now CTP is spudding Ooraminna 2 in less than 2 weeks, the first of a 5 well campaign targeting gas, oil, helium. The sp has taken a hit over the last 6 months but if even moderate success of phase 2 is realised it could add significant value to that investment. Not even going to try and guess what it could be worth.

Not holding but definitely looking very seriously, liquidity is the problem in taking a position but with so much potential current prices probably not so bad, considering any sniff of success and it could run hard being so tightly held. It is definitely a LTer not for the traders which makes it even more appealing to me. With the cash and asset backing not a bad spot to park some $$$, don't see much LT downside here.