Originally Posted by
colinm_au
Agreed Comparisons seem a little pointless ... Any number of other companies are drilling in the near term !
As far as OXX/CUE - CUE has significant cash and income, OXX has little cash and no income
CUE will be appraising Mahakam Hilir in the next Quarter, the proximity of this discovery to infrastructure will enable quick development.
6 months later, OMV's drilling campaign in the Taranaki commences and both OXX and CUE will have prospects drilled. CUE's will be able to be developed quickly, not so sure about OXX's !
OXX will be participating in a couple of NWS wells but what are the farmout terms ? a 1% royalty and discovery payment on success may not take the share price far ...
Anyway, time will tell !!!