Limited - ASX code NXS
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Nexus Energy Limited is an oil and gas
exploration and production company based in Melbourne, Australia.
The Company is principally engaged in oil and gas exploration,
development and production.
It operates in three segments.
The Production segment relates to the sale of gas and condensate.
Victoria: As of June 30, 2012, It primarily has interests in the
Longtom gas project comprising production license VIC/L29 in the
Gippsland Basin, Victoria; and petroleum exploration permit VIC/P54
project located in the Gippsland Basin, Victoria. The Longtom gas
project was reported in this segment, which has a sale agreement
with Santos for the sale of gas and condensate.
The Longtom gas field is located in Production Licence VIC/L29
within the Gippsland Basin, offshore Victoria.
The Development segment holds assets, which have confirmed resources
and are in development phase.
Western Australia: As of June 30, 2012, the Crux asset is
reported in this segment. The Crux field is located in Production
Licence AC/L9 in the Browse Basin, offshore Western Australia. and
the Crux development project, including petroleum retention lease
AC/RL9 in the East Browse Basin, off the coast of North Western
The Exploration segment holds Echuca Shoals gas discovery, which
includes WA-377-P - Browse Basin, Western Australia, and VIC/P54.
The assets in the Exploration segment are in exploration and