OXX 0.00% 2.5¢ octanex limited

omv well commitment

  1. 102 Posts.
    I know a lot of people out there from MEO, MOG and CUE sites are disparately awaiting who the new partner may or may not be.

    But if my memory serves me correctly - OMV and ENI must commit to drilling the NWS by the end of this month.

    Im expecting this any day now and hopefully some more detail on what they are looking at.

    Im also thinking it would make sense for them to drill each permit in one hit to avoid losing the leases back to OXX.

    The way the contracts read would mean any OXX success could be determined very soon and contracting a rig for four wells would make sense in regard to timing.

    WA 387 P has never been mentioned yet either. This could be a nice little surprise that we should not forget either.

    Oh what other company has the benefit of 8 free wells in such a prolific address?

    Good luck to all.

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