echuca, page-10

Thanks for that John,
Echuca has the potential to be a major value driver for NXS.
Farmout on reasonable terms is the aim, and hopefully soon.
My expectation is that we sell off between 25 to 40% of this asset, leaving us with aaround 40% to 25% stake. Plenty big enough slice in a potential LNG and liquids Project.
Farmee pays for all the Drill costs (about $40mil).
Would expect interest to be from Large multi national Companies with field reserves in the immediate area..
Shell
Inpex
Total, etc...

Market will get interested if somewhere near the above scenario is achieved...

Good Luck..
SharpE.