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
latest gas flow reports?, page-19
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