OXX 0.00% 2.4¢ octanex limited

I see today where Santos has had a great result with Bayu-Undan...

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    I see today where Santos has had a great result with Bayu-Undan Phase 3C infill production. Comments from the press release include:

    "The first well has been brought online at 178 million standard cubic feet per day (mmscfd) of gas and 11,350 barrels per day (bbl/d) of liquids, significantly increasing liquids production to over 25,000 bbl/d from the field and increasing offshore well capacity for supply of gas to the Darwin LNG plant."

    “We’ve seen a better than expected reservoir outcome with this first well of the campaign, with successful results across both the primary and secondary targets in the well and a much higher initial gas production rate than expected.”

    The Ascalon permit time is running out fast for OXX. Such great potential near to the Timor Gap. Ring Santos' MD Kevin Gallagher NOW. Maybe something along the following lines:

    "Kevin. It's Uncle Geoff. Have I got a deal for you! But we must make haste. It would be fabulous insurance and backup for your NW projects. It's close to existing pipelines to Darwin. Of course you would be the operator of this proven beautifully clean gas field of 3T plus. It is a long standing dream of mine."

    DYOR IMHO biggrin.pngbiggrin.pngbiggrin.png
 
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