Nexus Energy Longtom gas facility suspended

Company News

by Anastasia Mangafas

  • Email Alerts for:
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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.