The principal terms of the deal are:♦ Shell will obtain all...

The principal terms of the deal are:
♦ Shell will obtain all rights and interests in relation to the gas in Crux and any other gas
within the Permit area.
♦ Nexus will retain a 100% interest in the condensate in Crux, the proposed Crux
Liquids Project and any other condensate or oil discovered in and extracted from the
Permit area on or prior to 31 December 2020.
♦ Nexus will retain Operatorship of the Permit until 31 December 2020.
♦ Nexus will be free to carry out operations and deal with its rights and interests in
relation to the condensate and oil within the Permit (including the Crux Liquids
Project) provided that it does not adversely affect Shells rights and interest in relation
to the gas within the Permit.
♦ Nexus will retain title to the Permit until 31 December 2020, after which Shell may
elect to have the title to the permit, together with Operatorship of the Permit,
transferred to it.
♦ Shell will be entitled to take gas from the Permit area prior to 31 December 2020
provided that it doesnt adversely affect the Crux Liquids Project or any other Nexus
liquids project.
♦ In the event that Nexus does not undertake the Crux Liquids Project or any other
liquids project and notifies Shell of the same prior to 31 December 2020, Shell may
elect to assume all rights and interests in respect of the Permit. Upon transfer of the
Permit to Shell Nexus will retain rights to participate in a gas/liquids project operated
by Shell. If Nexus were to participate in such a project the condensate and oil
extracted by Shell would be for the benefit of Nexus and the gas would be for the
benefit of Shell. Nexus and Shell would be required to contribute to the project based
on an equitable cost sharing arrangement.


all the messages posted by me are not the same - i myself have indicated that i am speculating between different possibilities with no founding but sorrounding recent events
am an amateur and respect that most here know more than me

cheers