NXS - Nexus Energy

[greenfs]

View attachment Nexus Briefing 20071016.pdf

For existing holders and potential investors in this stock, this is a must read ann by the company today. It includes an interview of MD Ian Tcahacos which proved very enlightening.

IMHO the sp has a long way to go in an upwards direction although time will be required

 

[jman2007]

View attachment 14202

For existing holders and potential investors in this stock, this is a must read ann by the company today. It includes an interview of MD Ian Tcahacos which proved very enlightening.

IMHO the sp has a long way to go in an upwards direction although time will be required

Agreed,

It was quite an enlightening interview with some searching questions re Nexus's Corporate strategy. IMO this stock provides a good potential long-term hold considering that the sp may not reflect the true value of the company until the Crux and Longtom projects come online.

Cheers
jman2007

 

[Trader Paul]

Hi folks,

NXS ... positive cycle coming into play 15102007 = more good news ??? .....

have a great weekend

paul



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Hi folks,

NXS ... positive news comes in, right on time ...

have a great day

paul



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[EZZA]

very nice, only stock up in my small portfolio today.
finished in the positive, solid long term hold for me.:karate:

 

[EZZA]

just on abc business sunday, nexus biggest mover of the week. up from memory about 16%. Well done to all nxs holders.

Been reading in the fin review some of the other potential takeover predators for anzon have been losing interest. Looks like nxs it gaining momentum in a merger deal.

 

[pajm]

I was also reading in fin. review ezza about merger talks and possiblity of three way merger b/w ann, NXS and ARQ -Ii have had ARQ for sometime and SP has been disappointing for a couple years, so I hope they are part of the action. Have held NXS since Aug. 2004 and have been my best performing stock.

 

[EZZA]

yeah, can see the in announcements aza talking to arq about merger.

i'm not holding arq was hoping nxs deal would go through. anyway, nxs have 20% of aza and should hopefully make some gains as they are majority holder of the stock.

nxs holding pretty strong on a down day. 1.60

 

[EZZA]

hey guys,

anyone have any thoughts on how the merger stuff with arc and aza will affect nxs sp?

over and out

 

[pajm]

Not too sure what will happen with nxs sp with arc and aza getting it together. However, going by article in f/review today, seems there is still an option for nxs and merged arc and aza to come together at some point.

 

[greenfs]

You gotta be happy about the latest announcement today, which starts as follows and the full Report has been attached....

First Crux Reserves Booked Doubles Nexus’ Reserves to 114 Million Barrels

56.4 MMSTB OF CRUX LIQUIDS PROJECT RESERVES (P50) BOOKED AHEAD OF FINAL INVESTMENT DECISION

NEXUS IS NOW AUSTRALIA’S FOURTH LARGEST HOLDER OF LIQUID HYDROCARBON RESERVES AND THE SEVENTH LARGEST HOLDER OF HYDROCARBON RESERVES

INDEPENDENTLY ASSESSED (P90) RESOURCE ESTIMATES FOR CRUX LIQUIDS PROJECT RISE BY 22%

THREE WELL DRILLING PROGRAM CONFIRMED TO ASSESS POTENTIAL INCREASE IN GREATER CRUX AREA RESOURCES COMMENCING DECEMBER 2007

Nexus Energy Limited (“Nexus”) books substantially increased oil and gas reserves after independent expert, Gaffney Cline and Associates (“GCA”) confirmed a best estimate (P50) contingent resource of 66.3 million barrels (MMstb) in the Crux field within exploration permit AC/P23.

The low case contingent resource estimate (P90) for the Crux field has been confirmed by GCA at 54.9 MMstb of condensate liquids, an increase of 22% from the 45 MMstb previously reported by Nexus.

This increase of the low case contingent resource estimate (P90) substantially boosts the commercial value of, and the ability to procure project finance for the Crux liquids project. It follows the drilling of the Crux-2 and Crux-2 ST1 wells earlier this year.

The resource estimates are sufficient to support the commercial development of the Crux liquids project. Accordingly, the board of Nexus has booked 56.4 MMstb of proven plus probable (P50) liquid reserves attributable to the Crux liquids project, being its 85% share.

Nexus’ total P50 reserves are now at 114 million barrels of oil equivalent (MMboe), of which 52% is liquids, taking account of the reserves already booked at the Longtom field in Bass Strait.

Nexus has also undertaken significant geotechnical work to determine the hydrocarbon potential of the greater Crux area. Nexus estimates the total potential of the Crux field in AC/P23, near field prospects adjacent to Crux in AC/P23 and in the surrounding AC/P41 permit, is greater than 5 trillion cubic feet (Tcf) of gas and 200 MMstb of condensate. A detailed breakdown of this potential is shown in the background section of this release.

This is the first of a five page pdf, which has been attached.

View attachment Nexus Briefing 20071026.pdf

 

[coppo]

Glad I held this one. Nearly got rid rid of it a few weeks back on the back of ordinary drilling results.
Could top $2 in the next few weeks IMO.

 

[roland]

Wow, check out the order on NXS at close, 2,700,00 at $1.83 - glad I got in today at $1.66 ....................

 

[roland]

Well, of course it looked better than what is actually turned out on close. Still - up 3.5% aint bad .......................

 

[pajm]

I got on nxs in 2004 purely on the basis of CBA being a shareholder........ what a ride. Sold some in the early days not knowing what to expect but the journey revealed they have obviously got a really good management team (incl., I think, ex BHP) and have not sold since. Where they finish-up is going to be interesting. Just when you think they may stall, they keep pushing on.

 

[coppo]

Wow, check out the order on NXS at close, 2,700,00 at $1.83 - glad I got in today at $1.66 ....................

Pardon my being a newbie. But where do you see the orders?
I use commsec and the asx. Is it somewhere else?

 

[roland]

Pardon my being a newbie. But where do you see the orders?
I use commsec and the asx. Is it somewhere else?

hi coppo, you can see the orders in the "depth" view from both the Comsec website and also in thier ProTrader software.

 

[roland]

Not sure if anyone else is on this stock, but they were up 3% today. I picked them up whilst looking for a home for my ZFX dollars after I sold.
The Aegis consensus has just listed NXS on it's top buy list.

Todays quarterly report highlights the following:

During quarter commencing 1 July 2007
• Viking Shipping Limited placement completed in July 2007 raising A$93 million. FPSO availability secured.
• Nexus and Shell finalise Echuca Shoals farm-in prior to the commencement of drilling of Fossetmaker-1 in August 2007.
• Awarding of Production Licence for Longtom gas project in September 2007.
• Sale of 15% of Crux project to Osaka Gas for A$75 million completed in September 2007.
After 30 September 2007
• Independent expert Gaffney Cline & Associates, confirm a best estimate (P50) contingent resource of 66.3 million barrels in the Crux field in October 2007.
• Crux field reserves booked in October 2007 ahead of Final Investment Decision.
• Acquisition of a 17.8% stake in Anzon Australia Limited.
• Finalisation of A$60 million corporate facility with Bank of Scotland International.

They have just posted their investor presentation and in my opinion worth having a look at.

EPS has just gone positive.

Would love to see a chart from one of our friendly ASF chartists.

 

[Col Lector]

Gidday RolandI'm a happy NXS holder. I was raving on a couple of days ago about a NXS/BPT alliance being a great match.
In particular major synergies exist in their Gippsland Basin projects. BPT has BMG producing and is expecting major extensional finds to the considerable reserves there. NXS holds 80% interest in 2351km² VIC/P49 which is adjacent/overlapping BMG! Also hold interests in P54 & P56 in the near vicinity. Hence why NXS were chasing Anzon, whose only project is BMG.
Noticed that shareholder dissent may roll the Anzon/ARQ merger. If Anzon comes back into play I would like to see the rosy scenario where NXS & BPT merge, and takeout AZA....share the spoils

 

[roland]

Hi Col Lector - I hold both BPT and now NXS, I wasn't aware of a merger deal between the 2. It's hard to justify chasing oilers without having some producers in your portfolio as well. BPT's SP is a bit lame at the moment and many are expecting a weakening in price, hard to see where this sentiment comes from, I don't think it was the Santos pull out, otherwise the SP price would have dipped on the announcement, and it didn't. The $0.01 dividend is immaterial, so that's not it, maybe it's all the chartists showing BPT at the top of the tree holding at support highs expecting a fall - who knows.

On the other hand, it's all go for NXS, their circumstances have changed quite dramatically and it should be all up from here. NXS is very bouyant and quite fun to trade - good swings through the day keeps the heart beating.

 

[pajm]

Hi Guys - As mentioned in my previous thread I have held nxs since 2004 and have had a good journey. Revised Crux estimate sounds excellent. Believe media and market were too quick to react on previous drill results. Read in f/review today that one of the arq shareholders wants to block merger with aza, so will be interesting to see what happens. I also hold awe, who were apparently one of the contenders to merge with aza. Any thoughts on whether you think awe might get it together with another party? ?nxs