Shares in both Nexus Energy and AED Oil fell on 6 July 2009, as production came to a halt at the Longstrom gas project off the Victorian coast. AED agreed in May to acquire a 50% interest in the asset, which is expected to produce 25 petajoules of gas and 300,000 barrels of condensate annually. Construction has stalled due to a disagreement over the charter of a diving support vessel. Nexus hopes the presence of an alternative vessel could allow construction to recommence in three weeks.
Publication Date: 7 July 2009
dispute halts work at longstrom
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19.5¢ |
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-0.005(2.50%) |
Mkt cap ! $56.97M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.5¢ | $5.102K | 26.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74952 | 19.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 35987 | 2 |
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