Why did Apache pull out...??
could be a number of reasons, but from what i understand it's more a case of Longtom meaning everything to NXS while not so much to Apache as they are really after the OIL fields, so i guess they don't want to risk their equity contribution on Longtom as they also believe the upper zone of Longtom may not flow.
There is now firm evidence and NXS believe this also, that the upper zone will also flow and will be an added bonus to the P2 recoverable reserves of 318bcf.
Refer to Nexus' latest announcement where 2 indipendent firms have analysed the upper zone core sample and have their conclusions on the upper zone stated within the report.
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- **longtom to be worth 60c to $1.20**
**longtom to be worth 60c to $1.20**, page-4
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