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Corporate ProfileNexus Energy Limited (ASX:NXS) is a Melbourne based, Australian Stock Exchange listed oil and gas company. In 2009 Nexus transitioned from explorer to producer with the start up of the Longtom gas project.
The company has assembled a portfolio of high quality assets in two key regions, including; the Gippsland Basin off the south east coast of Victoria; and the Browse Basin, off the northwest coast of Western Australia. The current key focus for Nexus is the Longtom gas project (Nexus 100%), followed by commercialisation of the Crux asset (Nexus 85%).
For a company of its size, Nexus has a unique strategy which includes holding large equity positions with operatorship. The strategy is premised on buying undervalued resources and adding value by taking a different technical approach and using the right technical skills.
Nexus has grown significantly over the last four years to accommodate the company's successful development strategy. The company has assembled a team of highly experienced, technically competent and innovative oil and gas professionals who continue to deliver on the company's suite of assets.
The company's exploration program seeks to gain early entry to prospective areas, apply Nexus' knowledge and skills and gain leverage and financial risk mitigation through farm-outs. Nexus also continues to actively pursue asset and corporate acquisitions in keeping with its goal of coupling new immediate production with substantial growth assets.
Having set ambitious goals Nexus is now poised, through motivation, determination and self belief, to deliver Australia's next major oil and gas producer.
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