It was part of the condition of the original sale agreementc that it would be repaid by 31 january:
"If by 15 September 2009 Nexus has not satisfied the Nexus Conditions, then Nexus must refund the A$35 million deposit to AED by 31 January 2010 together with interest at 15% per annum."
Source: http://www.nexusenergy.com.au/assets/97/Files/Longtom%20Announcement%20FINAL%2028May09.pdf
I would expect that Nexus will repay the amount with the proceeds from the rights issue sooner rather than later as it will be getting less than 15% pa from the bank.
You would think that since Sinopec paid $600M for a 60% interest in the Puffin Field last year that they would be interested as a possible JV partner in the Crux field. But who knows!
Regards
SP
Regards
SP
- Forums
- ASX - By Stock
- NXS
- latest gas flow reports?
latest gas flow reports?, page-19
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXS (ASX) to my watchlist
|
|||||
Last
30.0¢ |
Change
0.025(9.09%) |
Mkt cap ! $87.50M |
Open | High | Low | Value | Volume |
27.5¢ | 30.0¢ | 27.0¢ | $80.09K | 284.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 9322 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.280 |
1 | 19549 | 0.255 |
2 | 4700 | 0.245 |
2 | 6376 | 0.235 |
2 | 17071 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 9322 | 2 |
0.330 | 900 | 1 |
0.350 | 3920 | 1 |
0.355 | 10000 | 1 |
0.000 | 0 | 0 |
Last trade - 14.47pm 24/07/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online