SELL RECOMMENDATIONS
Nexus Energy (NXS)
The Longtom gas field, which came on stream in late 2009, is currently offline while mercury stripping beds are installed due to unacceptable mercury levels in the gas produced. Project and corporate debt total $296 million. Quarterly interest payments, administration costs and forecast expenditure will eat into current cash reserves until Longtom comes back online. Development of the Crux gas/condensate field appears unlikely in the short term.
http://www.thebull.com.au/articles/a/11780-18-share-tips---31-may-2010.html
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SELL RECOMMENDATIONSNexus Energy (NXS)The Longtom gas field,...
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