reality check, page-20

>>Nice to see some intelligent posting on this thread for a change.

Thanks Occam and SBL.<<

Agree, I love reading the sellers point of view. As it really makes you look into your investments a lot deeper. Often asking the hard questions that Management may not wish to answer...

However what confuses me is that Shell is supposed to be able to takeover Crux from 2021. Now that is only if it is left undeveloped from what i have read. If it is operational Shell has no rights to the Crux asset. Surely NXS or an entity whom purchases the Crux asset WILL make it productive well before 2021. It does concern me that it seems to be oil 'insiders' whom are raising their concerns in the Crux asset, not offerring a good ROI for anyone to bother making an offer to JV or purchase.

I can see the 'sellers' point of view if in fact a huge sum of time-money was to be paid to develop the Crux asset. Only for the oil to be taken away from 2021, if they have not bleed it dry by then. Yet from what I see, Shell cannot take the asset unless it has gone undeveloped.

The ONLY reason it will go undeveloped is that the ROI is not good enough. Like Oil heading back to new lows or the Oil is too expensive to derive out of the Crux asset. Then it is worthless to Shell also and this asset is worthless to everyone. Yet the company state that Crux is their 'Company making asset', they will develop it.

I have no reason to doubt this for the time being... now if Oil headed $30. I think all our oil company stocks will go to c%$# anyhow and it will make no difference.

If it stabilizes over $80, as most predict for 2010. Then I am certain a deal will be made in regards to Crux. Optimistically if oil headed over $100 then it will happen a lot quicker- IMO.

I would like to hear more details from NXS sellers, as to why Crux is not a worthwhile asset to develop. Maybe us investors have missed something that oil industry 'insiders' have not... And thank them for there time in giving these details.

As currently the NXS assets Vs SP looks too good to be true. What looks too good to be true in my experience often is...I have no idea why this company has been so undervalued as it has Longtom in Production supplying Santos LT. The Crux asset and others... What am I not seeing?