divestment announcement

The following is the key statement relating to the timing of the Divestment announcement.

Nexus Energy Limited
23 January 2009
Quarterly Report:
Update on global sales process for an interest in AC/P23

"A number of parties have now made indicative offers with the due diligence process underway across a range of possible transactions (both at the asset and the corporate level) that will be EVALUATED over the COMING WEEKS. There has been a delay in the sales process timing due in part to the belated Libra drilling results (exploration permit AC/P41) and slower progress by interested parties during the festive season. Nevertheless, RESULTS of the divestment process are anticipated in the COMING MONTH, with transaction execution still targeted in Q1 2009.
Further updates will be provided on the sale process in due course."

... Based on the key statement above, we should expect the results of the divestment sometime next week.

...In any case, even if the timing indicated in Quarterly, by IanT, isn't 100% accurate, NXS should and more than likely will, provide an update on the process.

NEXT WEEK???

Good Luck...
SharpE