NXS 2.41% $1.22 next science limited

libra 1

  1. 2,988 Posts.
    lightbulb Created with Sketch. 18
    Libra-1 exploration well
    in exploration permit AC/P41


    Nexus Energy Limited (“Nexus”) is pleased to advise that the Libra-1 exploration well in exploration permit AC/P41 in the Browse Basin, offshore Western Australia, was spudded on 5 November 2008. As at 06:00 hours on 6 November (AEDT), the conductor was set and operations were preparing to drill ahead in 17½ inch hole.

    The Ocean Epoch semi-submersible rig is drilling the exploration well which is operated by Shell Development (Australia) Pty Ltd (“Shell”) on behalf of the joint venture.

    The Libra-1 well is expected to intersect the target reservoir in late November, and is testing near field exploration potential around the greater Crux area. Nexus’ estimate of pre-drill most-likely gross recoverable resource for Libra stands at 500 Bcf of gas and 19 MMbbl of condensate.
    Nexus also believes that a successful result at Libra-1 would significantly enhance the likelihood of encountering hydrocarbons in the adjacent Auriga and Caelum prospects within exploration permit AC/P23.

    Nexus’ managing director, Ian Tchacos said “Nexus is excited to be drilling this potentially high impact prospect. Should Libra prove successful in AC/P41, it greatly improves the likelihood of success at the Auriga and Caelum prospects in AC/P23 which could be tied-back to the Crux liquids project, enhancing the overall project value. On a broader view, we map the potential for over 6 Tcf of gas resource with the potential for in excess of 200 million barrels of associated condensate across AC/P23 and AC/P41 in the greater Crux area.”

 
watchlist Created with Sketch. Add NXS (ASX) to my watchlist
(20min delay)
Last
$1.22
Change
-0.030(2.41%)
Mkt cap ! $233.8M
Open High Low Value Volume
$1.23 $1.23 $1.21 $177.9K 146.1K

Buyers (Bids)

No. Vol. Price($)
4 8394 $1.21
 

Sellers (Offers)

Price($) Vol. No.
$1.22 8317 1
View Market Depth
Last trade - 16.10pm 22/10/2020 (20 minute delay) ?
(live)
Last
$1.21
  Change
-0.030 ( 2.02 %)
Open High Low Volume
$1.24 $1.24 $1.21 28072
Last updated 15.29pm 22/10/2020 (live) ?
NXS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.