re: longon nxs trader... Apache is interest in fields that are close to big infrastructure that have been ignored by the big players.
Unfortunately for the big players all these permits were ripped off them under the Kennet era together with the Otway Basin due to inactivity.
God Bless Jeff, as it has allowed the smaller players in and the farmout to companies like Apache who have deep pockets and want to drill one wildcat and one appraisal on the Longton field at a cost to NXS of only 6% of costs for a 62.5% stake.
The data must be excellent quality espaecially tghat 3d has been carried out.
GO NXS
set to open higher atm, page-12
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