goodluck and farewell, page-10

AN interesting article from Charlie Aitken saying that Shell will make a play for NXS very soon. Shell need to get Crux developed as Prelude is a very important asset to Shell and that gas reserves have been a little disappointing and not large enough to underwrite an LNG project (even though they were given approval late yesterday for floating LNG. Charlie goes on to say that for customers to sign 20 year projects, they need to have reserves certainty.

The Shell selldown of WPL runs with the Shell gloabl strategy that each region funds itself.

Shell looking at FID by first qtr of 2011. If NXS cannot proceed by 2014, they both stand the risk of the govt taking away the Crux licence from them both. NXS have asked Shell for an extention to 2023 for production.

So, the reason the price has been moving may just be that NXS is in play!