I note that 2P on Crux is now 75.2 M BOE ( AGM preso) hence crux...

I note that 2P on Crux is now 75.2 M BOE ( AGM preso)

hence crux valuation is 1.02 Billion at 13.6 /BOE

= 1.58 per share.

Sell off at 35% = 0.553 AUD per share

Assuming that crux valuation in current share price is close to zero then SP = 0.553 +0.35 = 0.903 after farm down.

Lets see. I may buy another 10-20K then I way overweight 150K in NXS shares.

Best outcome can be achieved if Chinese bidders enters bidding first.

Likely result would be counter offer from Shell IMO.

Millio dollar question where is oil price in 5 yrs. With lack investment for net 2-3 yrs I expect it will be much further north of $40 USD BOE.

If USD devalues then also will have impact on BOE price.