Nexus Energy Limited (Administrators Appointed) (ASX:NXS) is an ASX listed oil and gas exploration and production company based in Melbourne. Nexus has a clear strategy to deliver shareholder value through unlocking the value of its Crux asset, optimising value from its Longtom asset, strengthening its balance sheet and preparing for growth beyond 2014.
Nexus has an attractive portfolio of offshore production, development and exploration assets including the producing Longtom gas project in the Gippsland Basin, off the south-east coast of Victoria (Nexus 100%), and the Crux development project in the East Browse Basin, off the coast of North West Australia (Nexus 15%).
Tony McGrath, Jason Preston and Matthew Caddy of McGrathNicol were appointed Joint & Several Administrators of Nexus Energy Limited ("Nexus") on 12 June 2014. The nine subsidiaries of Nexus have not been placed into Administration. Further information regarding the Administration of Nexus Energy Limited will be made available on this website as it becomes available here.