Nexus Energy announced that both Shell and Osaka Gas have provided confirmation that they have received FIRB approvals for the consolidation of interests in relation to the Crux AC/L9 asset.
Nexus Energy executed binding agreements with Shell Developments (Australia) Pty Ltd and Osaka Gas for the consolidation of interests in relation to the Crux AC/L9 asset.
Completion of this transaction is targeted for October 2012 and is subject to FIRB approvals and Title Registration Approvals.
[mappress] LNG World News Staff, September 28, 2012; Image: Nexus