GL Their SP finds a good support in the low 30's for some...

GL

Their SP finds a good support in the low 30's for some reason, just my observation, not like the sky's falling here. I am on the sidelines for now, as one never knows what could come out of US 2morrow.

IMHO, NXS have great assets, but management needs to lift its game!! I hope they can set the record straight at the AGM & do some justice to the SP. With 122 mmboe, they deserve a better SP.

Look at it this way, if WPL could sell 88 mmboe in Otway basin for $712.5m (which is equivalent to 76c share in NXS terms, i.e $712.5m/940m), surely NXS can do better at Crux/Echuca/LT. Those of u, who r heading off to the AGM, can perhaps remind NXS Management about this & also ask about the progress on the TOL issue.

Meanwhile, do keep an eye on CUE, when they drill Braveheart, next doors to Echuca Shoals!! I wonder if NXS are still chasing Shell or another party, for its Echuca farmout's?

cheers