A good article. Echuca Shoals may prove to be more valuable than Crux, and being 30kms from Prelude a great fit for Shell. But that may also devalue Crux as Shell may not need it to back-fill production once Prelude runs dry (plus it is some distance away). A sell-out / poor deal on ES may not be in our interests.
But the article is right, having the ES (100% owned) permit in the best address in Browse is not to be underestimated.
Cant help but think, NXS MUST be a very attractive takeover target for Shell. The sum of the parts way exceeds current market value. Sell off Longtom for a bit more cream and you have picked up a steal. I guess its all a question of price which shouldn't be that hard.
The Inpex plant in Darwin just confirms the value of Gas coming from the North West, I just hope NXS remains part of the excitement
dear michael fowler, page-4
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Last
21.0¢ |
Change
0.015(7.69%) |
Mkt cap ! $61.25M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 20.0¢ | $3.624K | 17.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 80261 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 7325 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |