announcement - longtom resv, ceo&crux updates, page-12

Downgrade has been flagged for quite a while. They have gas to cover their commitments. Longtom is a case of "watch this space", as it goes forward.
The other announcment was quite interesting,

"Nexus also advises that following the announcement of the HoA, the company has been approached by several large energy companies expressing interest to acquire part of Nexus’ Crux equity in the new Joint Venture in order to secure access to long term LNG rights. All parties have been advised that such opportunities cannot be pursued until after settlement.
Chairman Michael Fowler commented, “The industry has expressed considerable interest in our Crux asset. This transaction provides Nexus with certainty for commercialisation of the Crux asset with planned production through Shell’s Floating LNG project with a substantial interest and exposure to future LNG sales. These LNG off take rights are a primary focus for many countries around the world needing to secure energy reserves.”

Gees, I wonder how much that could be worth. I wonder if they could sell the whole 17%, what would that be worth? Maybe it doesn't look like that bad a deal after all, time will tell.