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NXS - NEXT SCIENCE LIMITED


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It seems Longtom gas will be flowing again very soon - The National Gas Market Bulletin Board (http://www.gasbb.com.au/viewtable.aspx?region=E_AUST&report=int924) shows they was a tiny amount of gas flowing last week (I'm guessing for testing purposed of the mercury filters)... To obtain the data enter "ORBOST" under the Value field and hit refresh. The flow's really small 1-2 TJ per day but it shows something is going on there and since the schedule indicated it's likely production will resume at the end of September it shows the very likely scenario of testing going on right now :biggrin::ph34r:
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a Citigroup report that may be interest to NXS holders and potential investors...

 

The Australian LNG supply queue

October 4th 2010

https://www.citigroupgeo.com/pdf/SAU09861.pdf

 

It's a detailed report looking at LNG in Australia covering the major projects but it's got a couple of interesting bits relevant to Nexus:

 

quote (see page 31 of the pdf)

Shell is the only JV partner currently in its proposed Prelude project. We

understand that Shell is interested in adding the Crux reserves to the Prelude

LNG scheme, and we think this may require an asset deal with Nexus

 

and also (page 3 of the pdf)

We see ShellÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Prelude project as highly likely to achieve FID in CY11, with

KOGAS the likely buyer. The remaining two issues we see for Prelude are: 1)

whether the federal government will allow venting of CO2 from a 12% CO2

feedstock gas, and 2) whether they can secure the Crux reserves which we

think it will.

 

NXS share price is certainly cooking with gas at the moment. New 52 week hight this morning :):laugh::biggrin:

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