NXS 11.5% 14.5¢ next science limited

Ann: December 2009 Quarterly Report , page-14

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  1. 275 Posts.
    Quick squizz.

    They generated $9M net revenue for an incompete quarter but not yet showing up on cashflow statement.

    Shell intends to withdraw from ES permit, NXS to get 100% interest? I think its good to get a more nimble & motivated partner on side.

    Exploration program has hit a wall. Need farm-in's now.

    Conclusion, as before it all hinges on Crux & farm-outs. Longtom production aint sexy enough on its own.



 
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