NXS 3.64% 28.5¢ next science limited

valuation of the deal?

  1. 6,941 Posts.
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    Anyone had a better understanding?

    My reading is:

    Loss: 68% of Condensate.
    Gain: 17% of the Gas.

    "+" in the deal: Financial uncertainty removed.
    "-" in the deal: Lost large chunk of Crux asset to Shell.

    fact:

    Deal has Nothing to do with Prelude gas owned by Shell, the JV only for Crux.
    Nxs has to bear its share of project cost.

    I am not sure about the share price.
 
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