Last $5.87 USD
Change Today +0.367 / 6.67%
Volume 15.2K
OCTX On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

octagon 88 resources inc (OCTX) Snapshot

Open
$5.50
Previous Close
$5.50
Day High
$5.89
Day Low
$5.50
52 Week High
09/12/13 - $8.05
52 Week Low
08/7/13 - $4.75
Market Cap
158.1M
Average Volume 10 Days
6.0K
EPS TTM
$-0.03
Shares Outstanding
26.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OCTAGON 88 RESOURCES INC (OCTX)

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octagon 88 resources inc (OCTX) Details

Octagon 88 Resources, Inc., a natural resource exploration stage company, is engaged in acquiring, exploring, and developing oil and gas assets in the United States and Canada. It holds interests in 73 sections of 46,720 acres of oil sands leases in the Manning area of northwestern Alberta. The company was founded in 2008 and is headquartered in Steinhausen, Switzerland.

octagon 88 resources inc (OCTX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Secretary and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

octagon 88 resources inc (OCTX) Key Developments

Octagon 88 Resources Inc. Announces Spudding of First Horizontal Production Well 13-24-091-22W5 on the Bluesky Gething Formation

Octagon 88 Resources Inc. announced that the first horizontal production well 13-24-091-22W5 on the Bluesky Gething formation has been spudded successfully. The manning projects operator reported the first horizontal production well 13-24-091-22W5 was successfully spudded on July 12, 2014.

Octagon 88 Resources, Inc. Announces Confirmation of First Horizontal Production Well Drill License

Octagon 88 Resources, Inc. announced that the Manning project's operator has confirmed it has received the license to drill the first horizontal production well (W 7-10-91-22W5), one of a series of horizontal wells on the Bluesky Gething formation as previously advised. Lease preparation on site has been concluded, based on rig availability the operator is now targeting to spud the well on July 15, 2014. This well will be the first of 5 horizontal wells that will be drilled from one well pad; the other four licenses are currently underway. Each well targets the upper zones of the Bluesky Gething formation where the operator has experienced ideal primary production conditions by way of prior core results, lab testing and previous vertical production well testing. The operator reports: 'each well will be 800 to 1200 meters in length with expected results to be production of 150 to 200 barrels a day. The oil tested from the last vertical at AGAT labs showed a consistency of API in the range of 10.5 to 11.5 degrees which is known to be exploitable by Conventional Heavy Oil drilling technology.

Octagon 88 Resources, Inc. announced delayed 10-Q filing

On 05/15/2014, Octagon 88 Resources, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

 

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