Thank you for your email.
On Crux, we are working towards the liquids project as our first priority. The key to making a Final Investment Decision for the project to proceed is the introduction of an additional new joint venture partner to help us fund the development. We are currently in discussions with multiple potential partners. Whilst we do have the two development options for the Crux asset (liquids stripping project or Shell led LNG project) our preference is the liquids project given Nexus maintains control of the project timeline. The LNG option is viewed as a back-up value.
Our Longtom installation is progressing well with no changes to our previous public statements for work to be completed mid-October.
Please feel free to call should you wish to discuss further.
Kind regards,
Jodie Phillips | Investor Relations Manager | Nexus Energy
Level 8, 28 Freshwater Place, Southbank, Vic 3006 | Ph: +61 3 9660 2500
[email protected] | www.nexusenergy.com.au
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