Its a good point you make re the booking of Longtom being 3rd quarter 2008 when they also say they are expecting production to start.
To quote the announcement :
"The booking of its first reserves and the first operating cash flow from an internally generated project is expected during the third quarter of 2008"
Yet the title of the announcement is :
"Nexus declares commerciality and books reserves at longtom"
Some clarification is certainly needed as to when the reserves at Longtom will be booked & if/when they expect Longtom reserves graded as 2P.
NXS has an unfortunate habit of not being that clear in their announcements.
NXS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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