Australia’s Nexus plans $975 mln gas exploration
DARWIN, Australia, July 17 (Reuters) – Australian energy firm Nexus Energy Ltd (NXS.AX: Quote, Profile, Research, Stock Buzz) plans to spend about A$1 billion ($975 million) on exploration over the next three years to secure more gas reserves that could help support a liquefied natural gas (LNG) project.
Managing Director Ian Tchacos told an industry conference on Thursday the firm would focus its gas exploration programme around the Crux field off northern Australia and it hoped to find enough gas resources to underpin an LNG development.
“If the gas reserves get large enough, then we won’t just be looking at a liquids recycling project, but a potential LNG project,” he said.
Nexus was targeting production of 40,000 barrels per day of condensate from its Crux and Longtom projects by late 2010, with about 35,000 barrels coming from the Crux project, Tchacos said.
“The main issue is to find the capital to bring these projects forward. This has been a challenge for the industry, but for Nexus, we are confident of being able to get the capital,” he told the oil and gas industry conference in Australia’s northern city of Darwin.
Tchacos said the firm was considering using floating LNG technology, which allows the commercialisation of smaller fields. He added that Nexus would move towards an LNG project once it proved up its gas reserves to between 1.5 and 3 trillion cubic feet (tcf).
Nexus’ Crux field, in which Royal Dutch Shell Plc (RDSa.L: Quote,Profile, Research, Stock Buzz) has a stake in some of the permits, has proven and probable reserves of about 71 million barrels of condensate and about 2 tcf of contingent gas resources.
Tchacos said a final investment decision for the $1.2 billion Crux project was due later this year and, when in production, the project would deliver gross pre-tax cashflow of A$1 billion. ($1=1.026 Australian Dollar) (Reporting by Fayen Wong; Editing by Alan Raybould)
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
