NXS - Nexus Energy

[Col Lector]

NXS/BPT tie-up just a figment of my imagination....for now. But the Gippsland synergies between BPT's BMG and NXS PL49 alone are striking. NXS recognised this....hence keeness to "takeover" BPT's BMG partner...AZA.
BPT, in 2 v. recent releases BPT hints strongly that some major expansion plans are imminent. They are obviously very aware what AZA is worth....moreso than any other party.
BPT is also undertaking a major drilling program in the Bass Basin 2008....would be good to see NXS (and their strategic contacts) involved there.

 

[pajm]

Be interesting Col Lector to see what options nxs is thinking about re: meger b/w aza and arq due to their stake in aza and perhaps whether they can come up with a better offer than arq? Basically Ian Tachos has said they did not take a stake in aza for nothing.

 

[Col Lector]

Gidday Pajm..
NXS's focus on AZA has to be considered from the perspective that AZA is really a sole-asset company....BMG.
Synergies exist on both sides for both BPT & NXS, potentially major, if BMG & PL49 are combined (and additionally funded/equipped via existing Viking & Japanese partners).
Is there any benefit for either BPT or NXS if ARQ beomes involved?? Nup.
Will this prevent these synergies being realised? Very possibly.
Maybe this is enough that BPT & NXS will ensure that the ARQ play fails.

Holding both

 

[b4subi05]

Day all,
I've been holding NXS and BPT for about a year each...all this talk about consolidation is kinda interesting but highly speculative. The only thing that I'm quietly confident about is the ARQ/AZA merger not going ahead...Should this occur, I think NXS or other may swoop...There is a lot to play out here and may take a good 6 months before any real action takes place.

 

[Col Lector]

mmmm "speculation"....
any thoughts....speculation encouraged....as to what BPT's imminent & major expansion plans may be???
Definitely worth fully reading BPT's media release & Chairmans/Director's reports in Ann Report. These are blatant hints. Somethings being cooked up...& its sizeable!

 

[pajm]

Hi B4....and Col....,

Certainly will be interesting how it all plays out. Thought that nxs might be able to block merger with its stake in aza, however, if I have read things correctly, aza British arm will seal merger for arq. So, not really sure. I have had arq for a few years result of arq's takeover of Voyager and sp has been south since, so have been really disappointing. Cannot work out arq in terms of what has seemed a good program and management that has not been reflected in sp. Anyhow, glad i have had nxs and hoping that whatever happens something better can come of arq. Nxs have a big whiff of growth about them.

 

[pajm]

Sounds good col... Speculation.......BPT/NXS/AZA/merger? or what about Santos having a ping at NXS? given there is already an agreement in place with nxs to sell Longtom gas to them

 

[Col Lector]

Its all too much!! Got to depart to the refuge of a few zzz's....try and shut that myriad of scenarios out....for a couple of hours anyway.
Night chaps...

 

[b4subi05]

something could be brewing...a BPT/NXS merger? who knows...I read the BPT Annual report (well the main parts anyway) and there are a few hints in the address about expansion...can't do more than speculate at this point in time.

 

[pajm]

Hi B4....don't hold bpt myself but going by what what I have read about them seem to have performed well and merger with nxs may be good fit - both have performed well over recent times. Good avenue if nxs unable to enter assets via aza.

 

[pajm]

Nice going by nxs today guys, particularly in view of market having a good fall. giddy up boy.....................

 

[pajm]

Nice lift back with sp yesterday on back of good news with Crux - looking good. Anyone got some news/thoughts.........................

 

[jman2007]

Nice lift back with sp yesterday on back of good news with Crux - looking good. Anyone got some news/thoughts.........................

Looks like you've been a lone trooper on this thread lately mate!

They are basically looking fairly solid at the moment imo, this is a long-term hold for me, so I'm not really too concerned about sp fluctuations over the short-mid term. The inevitable sp re-rating will occur once/if NXS can demonstrate that the Crux liquids project and Longtom are a definite go.

The main downsides I can see with NXS is their Australian-only/slightly undiversified portfolio, no production for another couple of years and NXS's untested ability to deliver on key projects. Although the Crux drilling seems to be well under control, with better than expected results and they've been keeping the market well informed so far.

Steady as she goes
jman

 

[kyme]

Good write up in The Australian. Mentions that an analyst at EL & C Baillieu considers the well results so far extremely positive for the reserves position in the Crux field. depending on analysis in the coming weeks it was likely that Crux reserves would be upgraded by a minimum of 30 per cent and it was possible that reserves could be more than doubled and eventually exceed 200 million barrels. "this is a positive development that guarantees the development of the Crux Scheme, which will most likely experience a significant reserves upgrade in nthe middle of 2008".

I'm in NXS for long term, looks likely the patient here will be well rewarded.

 

[jman2007]

Good write up in The Australian. Mentions that an analyst at EL & C Baillieu considers the well results so far extremely positive for the reserves position in the Crux field. depending on analysis in the coming weeks it was likely that Crux reserves would be upgraded by a minimum of 30 per cent and it was possible that reserves could be more than doubled and eventually exceed 200 million barrels. "this is a positive development that guarantees the development of the Crux Scheme, which will most likely experience a significant reserves upgrade in nthe middle of 2008".

I'm in NXS for long term, looks likely the patient here will be well rewarded.

That sounds like an excellent article Kyme, hopefully the company will upload it to their website, or the Australian may have still have it online?

jman

 

[pajm]

The article in the Australian certainly is positive. I got onto to NXS on the back of CBA becoming a major shareholder in 2004 - notice the other day they have withdrawn all holdings. I'll continue to stay in for long term as believe the company is well managed and prospects to date looking good. Good to see some input on the thread again.

 

[kyme]

The article in the Australian certainly is positive. I got onto to NXS on the back of CBA becoming a major shareholder in 2004 - notice the other day they have withdrawn all holdings. I'll continue to stay in for long term as believe the company is well managed and prospects to date looking good. Good to see some input on the thread again.

CBA no longer substantial holder for NXS as they have been selling managed fund holdings (ie clients funds). Looking at the notices though, CBA have been continual buyers of NXS for themselves, albeit CBA staff Super Fund. I take that as a strong vote of confidence in NXS.

 

[jman2007]

Another strong day for NXS, currently up 8c to 1.66. Probably one of the risks associated with NXS was the uncertainty whether development of Crux would go ahead, with a potential target in excess of 200M barrels, this should defintely tip the balance in favour of development imo.

I don't think the market can overlook NXS any longer, next year could see the company pull ahead of the pack of mid-tier O&G hopefuls and cement it's place as a serious mid-long term producer.

jman

 

[pk_wasp]

And don't forget, plenty of booked drills ahead for 2008, so plenty of exploration upside

All the best for 2008 NXS holders

 

[b4subi05]

Another nice move for NXS today, its been a good week and a bit. Looks as though today's announcement was deemed positive. A positive CRUX 3 report tomorrow may see another rise. Getting close to the 1.90 ceiling. It will be interesting to see what happens this time. Maybe 3rd time lucky.