NXS 12.5% 21.0¢ next science limited

There is a small glimmer of hope that a deal will be done that...

  1. 1,012 Posts.
    There is a small glimmer of hope that a deal will be done that gets NXS off the hook for the Legend - the Transocean 703 is leaving and ConocoPhillips/Karoon did not get to test their new discovery at Poseidon-1.

    They have stated that they are looking for a rig and the Legend seems to be a good chance on the basis that she is available and suitable for their well.

    NXS may not unload the Legend at $450/day but if they can get out at $350/day they only take a $26 million (US) shave. Possibly NXS will drill their exploration well ahead of assigning to ConocoP.

    p1000
 
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