Nexus Energy Buys Extended Timeline From Shell To Develop Crux
2010年11月25日 - 7:52AM
Dow Jones News
Nexus Energy Ltd. (NXS.AU) said Thursday that Royal Dutch Shell
Plc (RDSB.LN) has granted it an option for a three-year extension
of the gas rights handover for the Crux liquids project offshore
Western Australia state to the end of 2023 from 2020.
Nexus said it will pay Shell an option fee of US$675,000 on
execution, an exercise fee of US$34.3 million payable on a final
investment decision before the end of 2011 and a 3.5% royalty
payment for the life of the project.
"Whilst we still have a lot of work to do to bring Crux into
production, the extension is necessary to allow sufficient time to
recover the liquids and meet the conditions for financing," Nexus
Chairman Michael Fowler said in a statement.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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