nexus shell awarded new permit, page-9

Good comments Shazza and Markvl

I was critical of the way in which information was released to the market about Crux 2 and I think you're right Markvl that the risks and objectives should have been better communicated in advance. If that was the case we wouldn't be where we are IMHO.

I believe that since the successful takeover defence, they are more worried about positive spin than real facts and candor. You would think that after the Longtom debacle, lessons would have been learned.

Anyway apart from the Crux result issue, the company keeps producing the goods as far as growth opportunities and sound capital management is concerned (risk sharing an farmins). This latest gazetted block is a great result and Shell obviously is very close to them and think highly of the company's management.

regards
DF