AUSTRALIA

Nexus tops up its coffers with 50% sale of Longtom

NEXUS Energy says the sale of a 50% stake in its Longtom project in the Gippsland Basin to AED Oi...

Marija Stojkovic

As part of the $155 million sale, Nexus will receive a $35 million cash deposit with the remaining $120 million to be paid by September 21, 2009. The company will use the funds to repay part of the...

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