auriga

Finding some positives....
Guess the astute would have picked on the most likely recoverable resource from Auriga .... has increased from 35MMbbl to 42MMbbl, up 20%.

I would suggest that is based on the Libra-1 results, which to me indicate a 20% increase, from the NXS best estimate of 19MMbbl.

With a positive March 31st announcement .... Sale of 15% of AC/P41 ? ...then funding for the Auriga planned drill in late May 09.
If successful Auriga will create some near term interest.... @ 85% value to NXS would add another 35MMbbl to the Proved & Probables. (Added to the Crux 64MMbbls Net and the Longtom 122Mboe) .
Positive result de-risks Caelum.
Tom becoming a Producer mid year.
POO seems to have found a bottom now is pushing US$50 :)
US economy bottoming and mild recovery in 3 to 6 month...

"I have a lot more than my faith" in Nexus at present; apart from hoping for a lucky outcome .. I am expecting the Directors to maintain a well managed approach to adding shareholder value, while keeping the company solvent.

I am still bewildered that the Crux Sale process did not achieve somewhere there a reasonable result for the Holders ... such a prime asset??????

Good luck..
SharpE