September 19, 2008

Nexus Energy Continues to Move Forward With Crux Liquids Project and LNG Prospect, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) -- Nexus Energy Limited (ASX:NXS) (Melbourne, Australia) expects to make a final investment decision in October on its Crux liquids project located over 300 kilometers off the Kimberly Coast of Australia in the Browse Basin. Nexus Energy has an 85% stake in the project, and Osaka Gas owns the remaining 15%. The project will be the first phase of development and will be a condensate stripping facility. The second phase will entail a floating production, storage and offloading (FPSO) liquefied natural gas (LNG) facility. After the project is complete, Nexus will begin to further develop an LNG project at the same location.

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SOURCE: Industrial Info Resources