Nexus Energy Longtom gas facility suspended

Company News

by Anastasia Mangafas

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Nexus Energy Limited (ASX:NXS) says production at its Longtom gas processing facility has been suspended as a result of an electrical fault.

The outage will continue until the fault has been identified. Separately, the oil and gas producer is awaiting approval from the federal government on whether a retention lease has been granted for it Crux gas and liquid fields in Western Australia’s offshore Browse Basin.  

Nexus Energy booked a net loss of $342 million in the 2012 financial year.