There is a strong probability that the Viking FPSO MOU arrangement with NXS was a major reason why Mitsui cancelled the AC/P23 25% purchase. Too much risk?
That was followed by the near immediate uptake of the 20% Farm-In to the (Shell / NXS) AC/P41, a vote of confidence as to the value of the Wider Crux Assets.
So there is a current alliance, Mitui, Osaka, Shell & NXS.
The securing of the FSPO by say Shell is the key part of these negotiations, and it would not surprise me to see Mitsui being part of a "consortium" in which also Osaka increases its stake.
It provides some substance for speculation...
I am still of the view NXS will secure the farm-in on favourable terms; I hope that it is a "water tight" agreement, and it happens within this month.
Good Luck...
SharpE
DYOR
- Forums
- ASX - By Stock
- who will be farm-in partner?
There is a strong probability that the Viking FPSO MOU...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXS (ASX) to my watchlist
|
|||||
Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $59.79M |
Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 20.0¢ | $3.286K | 16.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12061 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 10772 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12061 | 0.200 |
3 | 56749 | 0.195 |
1 | 27500 | 0.190 |
2 | 25405 | 0.185 |
2 | 15000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 10772 | 4 |
0.220 | 51446 | 2 |
0.225 | 63009 | 1 |
0.230 | 4347 | 1 |
0.235 | 7217 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |