Last A$0.07 AUD
Change Today 0.00 / 0.00%
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As of 10:32 PM 02/12/15 All times are local (Market data is delayed by at least 15 minutes).

octanex nl (OXX) Snapshot

Open
A$0.07
Previous Close
A$0.07
Day High
A$0.07
Day Low
A$0.07
52 Week High
03/7/14 - A$0.14
52 Week Low
12/16/14 - A$0.05
Market Cap
16.2M
Average Volume 10 Days
0.0
EPS TTM
A$-0.02
Shares Outstanding
225.3M
EX-Date
11/22/11
P/E TM
--
Dividend
--
Dividend Yield
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octanex nl (OXX) Details

Octanex N.L., together with its subsidiaries, engages in the exploration and development of oil and gas in the offshore basins of Australia and New Zealand. It holds working interests in 18 petroleum exploration permits in Carnarvon, Southern Bonaparte, Browse, Canning, and Taranaki basins. The company was incorporated in 1980 and is headquartered in Melbourne, Australia.

Founded in 1980

octanex nl (OXX) Top Compensated Officers

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Executives, Board Directors

octanex nl (OXX) Key Developments

Octanex N.L., Special/Extraordinary Shareholders Meeting, Feb 04, 2015

Octanex N.L., Special/Extraordinary Shareholders Meeting, Feb 04, 2015., at 11:00 AUS Eastern Standard Time. Location: The Institute of Chartered Accountants in Australia. Agenda: To issue up to 40,332,663 ordinary shares in the company for USD 5 million and up to USD 12 million of convertible notes to Sabah International Petroleum Limited; to enter into the share charge; and to consider the election of Mr. Giustino (Tino) Guglielmo, Datuk Kevin How Kow and Ms. Suhnylla Kler as a directors.

Octanex N.L. Announces Changes to Board of Directors

Octanex N.L. announced the following changes to its Board of Directors. Mr. Giustino (Tino) Guglielmo has been appointed to the Board of Octanex as a non- executive director, bringing strong petroleum development skills to the Board. Mr. Guglielmo is a Petroleum Engineer with over 33 years of technical, managerial and senior executive experience in Australia and internationally. Mr. Guglielmo was the CEO and Managing Director of two successful ASX listed companies; Stuart Petroleum Ltd. for seven years and Ambassador Oil & Gas Ltd. for three years. Mr. Graeme Menzies has resigned as a director of the company. Mr. Menzies has been a director of Octanex since 2003. As previously announced, Datuk Kevin How Kow and Ms Suhnylla Kler, have been nominated by Sabah International Petroleum Ltd. (SIP) to join the Board of Octanex pursuant to the Share Subscription and Share Placement Agreement executed between Octanex and SIP earlier this month, which is subject to shareholder approval at a meeting to be held early next year. In anticipation of the transaction, Datuk How and Ms Kler have been appointed as directors of Octanex. Datuk Kevin How Kow is a director of Sabah Development Bank. He was made a partner of Ernst & Young, Malaysia in 1984 and served as the partner-in-charge of EY's offices in Sabah and Sarawak. Ms Suhnylla Kler has extensive experience in the financial services industry, having worked with the Arab-Malaysian Banking Group, HSBC Bank (M) Berhad and ABN AMRO Bank Debt Origination, Global Financial Markets Malaysia. She is currently an Executive Director and CEO and Capital Markets & Services Representative of Sabah Development Bank Asset Management and also serves as a Director of M3nergy Berhad and Group.

Octanex Provides Update On Strategic Review

Octanex N.L. (ASX:OXX) provided an update to shareholders following a strategic review conducted by Board in response to the decline in oil price over the past three months. Octanex has reviewed the impact of the oil price decline on its 50% interest in the Ophir RSC via joint venture company Ophir Production Sdn Bhd. As announced earlier, Octanex decided, as a result of the strategic review, not to extend the implementation end date for the proposed arrangement between Peak Oil & Gas Limited (ASX:PKO) and its members and option holders. Following the strategic review, Octanex has implemented cost reduction measures to further reduce corporate overheads and expenditure.

 

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