bounce time, page-16

Rafish

I am not sure if those articles are in response to my post however if they are ny view is they are all about macro trends. Th issue here is the value of Crux is time bound and its probably 90% of the reason most people are holding NXS at present. My point is NXS is cheap only if Crux value is realised. Otherwise many bettter and less risky oil plays.

Look ar ROC who have developed reserves, look what happened to the SP when oil dropped due to their high debt. NXS debt levels at present are not low.

I am and always have been a bull on the LT price of POO so no need to convince me on tha front.

At the end of the day a Crux deal may happen which would mean todays price is low, however it may also not happen which means todays price is not cheap at all.

The other issue that doesnt seem to get mentioned is a CRUX development in the current environment will still probably need NXS to fund part of it. This makes it even harder to extract maximum value vs issuing capital when the SP was 1.50