PA,
Nexus's 27/06/08 Announcement securing drilling rig:
http://www.nexusenergy.com.au/assets/97/Files/612491.pdf
Nexus's 28/05/09 Update advising on contract cancellation and possible claim:
Transocean Legend - drilling contract
On 19 May 2009, Transocean Inc.’s, Sedco Forex International terminated a drilling contract with Nexus Energy WA Pty Ltd relating to the supply of the Transocean Legend for exploration/development drilling in the AC/L9 licence. Nexus Energy WA Pty Ltd has disputed Sedco Forex’s entitlement to terminate the contract. Sedco Forex has foreshadowed a damages claim, which Nexus will be vigorously defending. Further information will be provided upon receipt of the details of any damages claim.
Source: http://www.nexusenergy.com.au/assets/97/Files/Longtom%20Announcement%20FINAL%2028May09.pdf
There was a number of comments made on this issue on yesterday's long "Trading Halt" thread. I think the comments on this issue on that thread start here:
http://hotcopper.com.au/post_single.asp?fid=1&tid=975447&msgno=4431250
Regards
SP
transocean drilling rig update, page-7
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