what lies ahead

Here's my post from Sharescene.com... plus more

Grayling was what everybody was hoping for to transform them almost instantly, i suppose you can't win them all, but it's no duster... but they have many more prospects coming up that have significant upside potential.

VIC/P56 - Culverin/Scimitar, 100 million barrels in oil full case, but i understand that Nexus expect Culverin to be the Oiler and Scimitar to be a mixture based on the surrounding fields. The thing i like about this prospect is that the reservoirs overlay eachother and can be access via 1 well and they are close to shore and could potentially be drilled onshore reducing costs. Some may think that this increases risk of biodegradation, although this is true in some cases, i am told that these prospects are deeper than that, similar to the ESSO BHP fields, Seahorse and Wirra.

I am hearing that Nexus are almost done on the farmout of it and are negotiating very good terms. I wouldn't be surprised to see Apache go too, i hear nxs aren't all that impressed with them technically. They are now just after a great deal and just operate it themselves.