inside trader THIS WEEKS STOCK IS Nexus Energy (NXS)In April...

inside trader THIS WEEKS STOCK IS Nexus Energy (NXS)


In April 2003, Nexus Energy Ltd (NXS) gained its first exploration
permit in
the offshore Gippsland Basin. Since then the Company's acreage holding
has
grown signifigantly to eight permits within four offshore basins around
Australia, representing a total acreage of approximately 9300 km2. The
company operates six of these permits and has successfully managed the
drilling of an offshore exploration well and the acquisition and
processing
of two 3D seismic surveys in the last year.

Here's a big statement from the MD:

"OUR GOAL IS FOR NEXUS, IN THREE YEARS, TO BE ONE OF THE TOP FIVE OIL
AND
GAS COMPANIES IN AUSTRALIA. THAT'S OUR GOAL AND WE THINK WE'VE GOT THE
ASSETS AND EXPERTISE TO ACHIEVE IT". Ian Tchacos, Managing Director
Annual
Report 2006

INSIDE TRADER OBSERVATIONS:

There has been continued Director buying in this stock and strong
broker
recommendations even as the price has increased substantially.
Depending on
drilling results, the upside is large but it has to be remembered that
it is
still a speculative investment at the moment.

BOARD ROOM RADIO

Make sure you have a listen to the CEO on The Inside Trader Board Room
Radio. It's very interesting and will give you an idea of the upside to
this
company if all goes to plan.

www.brr.com.au/partner/insidetrader/NXS/nexus-energy-limited