nxs other assets

hi folks,

In addition to Longtom, Auriga, Caelum and Crux, there are other assets which, when "recognised" by the market will add substantial value to the SP. It just a matter of time.

****Slide 18 of recent investor presentation:
Vic/P49 - potential for over 1000mmboe (!!!) with 80% to NXS. There is a rig already contracted to drill in 2010.

**** Slide 19
WA-368-P - 90mmbl Yngling prospect is due to be drilled in early 2010. With 50% to NXS, thats another 45mmbl. At$10/bl this represents an increase in value of $450M or an additional 68c/share, or say a discounted 50c/share.


**** Slide 17
WA-424-P - 100% owned Tristam and Gwydon fields. Even a low 20mmbl each will add an extra 61c/share or say a discounted 40c/share.

So in the horizon, here are some possibilities:

****2009
Right now we're at say 40c/share give or take.
Longtom sale happens
Crux Sale happens
Auriga is drilled

SP sometime this year = 60-90c?

****2010
Echuca Shoals further developed.
Dusky drilled
Yngling drilled

SP sometime this year = $1.50?

****2011
WA-424-P developed
Echuca Shoals further developed
Crux further developed

SP sometime this year >$2

****2012
Oil production starts.

SP sometime this year ??? more than 40c? :)

Anyhoo...obviously the above may not happen as written, but even if half does, surely you will all agree that purchases south of 50c represents exceptional value if we take a medium term outlook.

cheers all.

DC
DYOR - the above was just to amuse myself.