Hi Bello, no worries mate.
IMO, there's more then 1 way to skin a mongoose & thats what NXS are doing, i.e, complete sell/partial sell/cap raise/go-solo.
At LTom, they are going solo & played the cards allright by finding STO as a buyer so revenue is locked in.
AWE comes to my mind here, having agreed to sell 300PJ/ 15years to Origin from their Yolla Gasfield in the Bass Strait, I dont know the agreed transction metric there as its kept confidential. However NXS did good with STO deal, i.e, 350PJ/ 10years for $1b.
With Crux we are looking at deeper waters (250m+) & higher costs, hence the need to have a bigger player onboard to share the journey.
Think, they have lived in Shell's shadow for a while & Shell being Shell probably wants to drive at bargain prices, not acceptable to Nexus's board, hence the stalemate IMO. But thats ok, look term POO looks good & Crux is modelled at $40/bbl to stay cash positive according Hartleys. Crux is a proved reserve as is Echuca & thats the main thing any buyer needs to look at.
Now, where are the Chinese, when u seriously need them!!
cheers
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 20.0¢ | $11.94K | 59.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 34739 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34739 | 0.200 |
1 | 61100 | 0.190 |
3 | 77961 | 0.185 |
5 | 80233 | 0.180 |
2 | 21000 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 300 | 1 |
0.215 | 7298 | 1 |
0.220 | 88792 | 2 |
0.225 | 4444 | 1 |
0.240 | 10000 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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NXS (ASX) Chart |