Hello Dyno,Another possible scenario to entice a Sale and secure...

Hello Dyno,
Another possible scenario to entice a Sale and secure appropriate value ..

A$300 million for a 35% sell down of Crux (AC/P23 Permit).... with 15% of AC/P41 included in the sale.... (and Operatorship if necessary)
Libra is now a Proven resource.
Octans is a de-risked Prospect (P41 Crux extension).
Must be of great interest to Shell and Mitsui, they purchased 20% and 15% respectively, before the Libra success.

This scenario would leave Nexus with 50% of Crux and the certainty of a world class Project, then being a Producer in 2011 - 2012.
With this possibility the Market will appropriate true value after .. .
FID
POO stablisation
Sentiment returns

15% of potential a LNG Project is out of the question medium term.
"Give it away" to help guarantee to Crux Project and Nexus Corporate survival.

Good Luck...
SharpE