latest gas flow reports?, page-19

It was part of the condition of the original sale agreementc that it would be repaid by 31 january:

"If by 15 September 2009 Nexus has not satisfied the Nexus Conditions, then Nexus must refund the A$35 million deposit to AED by 31 January 2010 together with interest at 15% per annum."

Source: http://www.nexusenergy.com.au/assets/97/Files/Longtom%20Announcement%20FINAL%2028May09.pdf

I would expect that Nexus will repay the amount with the proceeds from the rights issue sooner rather than later as it will be getting less than 15% pa from the bank.

You would think that since Sinopec paid $600M for a 60% interest in the Puffin Field last year that they would be interested as a possible JV partner in the Crux field. But who knows!

Regards

SP

Regards

SP