surprised, page-3

In NXS's announcement they refer to:

"a discovery has recently been made in an exploration permit adjacent to Nexus' WA-377-P"

There are two recent discoveries in the Browse Basin, one by Shell and one by Santos. It took me a while to track down for sure which one he was referring to. He is referring to the discovery made at the Concerto-1 well in Shell's fully owned permit WA-371-P, which is close to the Prelude gas field. Nexus permit WA-377-P containg Echuca Shoals is adjacent to and to the east of this permit.

On Thursday Santos confirmed that the Burnside-1ST1 exploration well in permit WA-281-P encountered a 65 meter gross gas colume. The Burnside-1ST1 well was located approximately 450 kilometers from Broome and approximately 40 kilometers from Ichthys. I have this permit area as been to the west of the Ichthys and Prelude discoveries.

Consequently, NXS's announcement is referring to Shell's Concerto Discovery.

Hope this helps and I am right. If someone else could confirm this. Thanks.

Regards

SP