Thanks Ya. Is this good or bad news? So they sacked Cottee because he favoured a 1.3 billion Chinese deal? Shouldn't this have effected the market already?
http://www.businessspectator.com.au/bs.nsf/Article/BHP-African-Iron-Nine-Exxaro-CVC-Fitness-First-pd20120118-QLRM5?OpenDocument&src=sph
Nexus Energy has stretched the market’s patience enough already through its prolonged battle with former chief executive Richard Cottee. The Australian Financial Review reports that Nexus is poised to disappoint yet more shareholders by finally ending the prospect of a $1.3 billion condensate venture for its Crux project in the Timor Sea with a possible Chinese partner, in favour of a slower but more cost effective development deal with Royal Dutch Shell. At least one party will be happy – Crux minority partner Osaka Gas has made no secret of its preference for this kind of deal.
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