OK pick a Horse... Here's my guess so far...CTP/NXS Deal Cottee...

OK pick a Horse...


Here's my guess so far...



CTP/NXS Deal

Cottee wants cash flow and NXS generates a lot of it...

So CTP farms into large % of Long Tom and takes on some short term debt to fund the deal. Plan is to use Long Tom cash to meet cash commitments of CTP in the short term. Then pay down any debt on Long Tom later...(Did someone say $44m Debt on Long Tom ??)

... So CTP have meets all short term cash commitments. Dilution by debt only or conversely debt/equity swap

Volte Vacates NXS board, stated conflict of interest to make way for CTP Representative
Seven Group (Don Volte) takes a slice of Crux in Browse Basin


Win win for Everyone ? Ive not decided yet



Seems to me many oil/gas hopefuls are securing their access to cash flow given the tight fiscal the small end of town find themselves in....