questions for agm, page-39

Rafish,

"I am extremely Bullish.Looking at doubling up. Good luck to all.....:}"

I am also extremely bullish. Hope I can find the funds to also double up before the share price recovers.

I note that at the end of the quarterly they stated that "The asset strategic reviews and divestment processes are continuing. In parallel, and following the decision by BOS International (Australia) Ltd to exit non-core Australian operations which includes the transfer of Nexus’ senior project financing facility to a third party, Nexus initiated discussions with a number of potential new financiers. We are progressing a range of funding options to support the future expenditure requirements, and to maximise asset values and total shareholder value." Could this exit by BOS be in some way effecting the share price?

My advise to shareholders is to have a good read of the 2013 Annual Report. I think NXS have so far made great progress. (The revised Longtom GSA provides for a greater price for current gas sales and provision for increased volumes in the future when gas prices are expected to be higher)

It was always known that NXS was short on cash and would eventually need to either raise capital or sell some of its interest in its assets. From ME's Sept report: "Given NXS has successfully restructured the Longtom facility (with limited repayments over FY14) and principal repayments on the 2017 notes only commence from July 2014, debt serving appears manageable over the next 12 months. Furthermore capex obligations in FY14 are limited to ~A$25m. However FY15 looks more challenging, with the Longtom facility maturing in December 2014, repayments commencing on the 2017 note at a amortisation rate of ~10% pa. and NXS likely to drill Auriga, Longtom-5, Gemfish and now Mashmaker. Consequently, even assuming no further interruptions at Longtom, we estimate a ~A$150m funding gap which will have to be filled through debt refinancing, assets sales or equity issuance."

Regrads

SP