PERTH, March 31 (Reuters) - Australian oil firm Nexus Energy Ltd (NXS.AX), which is urgently seeking cash to fund its proposed projects, has sold the rest of its stake in an exploration permit off western Australia to Royal Dutch Shell (RDSa.L) for $19 million.
Nexus Energy
Australia’s Nexus sells exploration stake to Shell
Shell Declines to Comment on Reports of Possible Bid for Nexus
Jan. 29 (Bloomberg) -- Royal Dutch Shell Plc Chief Financial Officer Peter Voser declined to comment on reports of a possible bid for Nexus Energy Ltd., the developer of the proposed Crux natural gas liquids venture off northern Australia.
Nexus, Shell May Develop $3 Billion LNG Plant at Crux
Dec. 2 (Bloomberg) -- Nexus Energy Ltd., the Melbourne-based gas explorer set to start production next year, may develop a $3 billion gas liquefaction plant withRoyal Dutch Shell Plc should they find sufficient resources at Australias Crux project.
Australia’s Nexus plans $975 mln gas exploration
Nexus' Crux field, in which Royal Dutch Shell Plc 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.