Octanex Ltd., formerly Octanex N.L., is an oil and gas company. The Company is engaged in petroleum exploration and development, and investment in that sector. It has a portfolio that includes interests in Ophir oil development, approximately two appraisal assets and over seven exploration permits. It has interest in the Ophir Oil field development offshore Peninsula Malaysia. It holds interest in Greater Cornea Fields (being the Cornea, Focus and Sparkle Oil Fields, and the Cornea North (Tear) Gas Field) located in the Browse Basin, offshore from Western Australia. The Ascalon gas discovery is an appraisal and development opportunity located within exploration permit WA-407-P. It holds interest in a location over the Ascalon gas accumulation. It holds interest in Exploration Permit WA-420-P, which is located adjacent to the Ascalon gas discovery. It has various interests in over five permits in the Dampier sub basin and the Exmouth Plateau of the Northern Carnarvon Basin.