quarterly is out, whats your opinion, page-16

From the June Quarterly:

"Development of the Longtom gas project continued with the completion of installation work now scheduled to occur between 28 September and 15 October 2009."

If Completion of Longtom goes past 30 September, then the above schedule should be adjusted for the A$120M proceeds from sale of Longtom and the A$80M repayment of Project finance which will both be push into the December Quarter. The above schedule would then look as follows for the September Quarter:


Nexus
Projected Cash Position
..............................A$M..........A$M

Cash on Hand 30/06/09.....................53.3

Add: Source of Funds:

Longtom Finance Facility......160.0
Drawn Down....................114.0
Balance Available.........................46.0

Sale of 50% Longtom:
Sale Price....................155.0
Less Proceeds Received.........35.0
Balance to be Received.......................0

Total Funds Available.....................99.3

Less Funds Required:
Complete Longtom................63.0
Sept Qtr Exploration.............1.4

Retirement of Project Debt.........0

Total Committed Funds.......................64.4

Uncommitted Funds...........................34.9


Regards

SP