Nexus Energy Limited (Administrators Appointed) (ASX:NXS) is a Melbourne based, Australian Securities Exchange listed oil and gas exploration and production company.
Nexus has production, development and exploration assets generating a combination of cash flow and potential growth through substantial discovered, appraised and potential resource volumes. Key assets include the producing Longtom gas project (Nexus 100%) in the Gippsland basin off the south-east coast of Victoria and Nexus' developmental Crux asset (Nexus 85%) in the Browse basin, off the north-west coast of Western Australia. Nexus also holds WA-377-P (Nexus 100%), a high potential exploration permit in the Browse basin.
Nexus is focused on maintaining production and exploring further upside volumes from its Longtom asset, commercialisation of the Crux field, and continued exploration and appraisal in its permit WA-377-P (Echuca Shoals).