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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

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octanex nl (OXX) Key Developments

Octanex N.L Announces Audited Consolidated and Parent Company Earnings Results for the Year Ended June 30, 2014

Octanex N.L announced audited consolidated and parent company earnings results for the year ended June 30, 2014. For the year, on consolidated basis, the company reported revenue-interest received of AUD 259,840 against AUD 588,914 a year ago. Loss before tax was AUD 4,811,010 against AUD 701,099 a year ago. Net loss after tax was AUD 3,445,907 against AUD 177,022 a year ago. Diluted loss per share was 1.752 cents against 0.090 cents a year ago. Net cash outflow from operating activities was AUD 2,429,415 against AUD 959,349 a year ago. For the year, on parent basis, the company reported loss for the year of AUD 3,757,979 against AUD 1,734,981 a year ago.

Octanex N.L., Annual General Meeting, Nov 28, 2014

Octanex N.L., Annual General Meeting, Nov 28, 2014., at 11:30 AUS Eastern Standard Time. Location: The Institute of Chartered Accountants in Australia on Level 3 of 600 Bourke Street. Agenda: To receive and consider the consolidated financial statements for the year ended June 30, 2014; to approve adoption of the remuneration report for the year ended June 30, 2014; to consider the re-election of G. A. Menzies as a director; to consider the election of R Clark as a director; to consider approval of a 10% placement capacity under listing rule 7.1A; to consider grant of options; to consider grant of Options to employees, executives and consultants; to consider increasing the aggregate amount of non-executive director remuneration; and to consider reduction of capita.

Octanex N.L. Appoints Raewyn Clark as a Director and Chief Operating Officer

Octanex N.L. announced the appointment of Mrs. Raewyn Clark as a Director and Chief Operating Officer of the company. Mrs. Clark has more than fifteen years' experience focused primarily on the upstream oil and gas sector. Mrs. Clark's experience includes business development, financial modeling and analysis, capital raising and mergers and acquisitions as well as managing joint venture partners, government, regulator and investor relations.


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