Surely AED would have put a merger on the table - but I reckon...

Surely AED would have put a merger on the table - but I reckon NXS are hoping they can pull a rabbit out of the hat. While NXS seem really keen to maintain their independence, I reckon shareholders would be better off selling up at a nice price to someone who can get full value for Crux quickly (and hence pay a reasonable price).

I'm not sure on the detail re Crux, but if it reverts to Shell in something like 2020 ? they can't muck around spending years drilling / farming out / etc. They seriously need to get on with it and take a leaf out of Karoon's book.

Now the AED deal provides survival, get on with selling the company at a decent price! Shell need to be forced to deal IMO.