Company Profile For Nexus Energy Limited

Nexus Energy Limited (Nexus) is an Australia-based oil and gas company. The Company is engaged in investments in energy-related projects. Nexus has assembled a portfolio of assets, in two regions the Gippsland Basin off the south-east coast of Victoria and the Browse Basin off the north-west coast of Western Australia. Nexus is focused on the development of Longtom gas project and Crux liquids project. The Longtom gas field is located in Production Licence VIC/L29 in the Gippsland Basin offshore Victoria. Nexus holds 100% interest and is operator of the licence. The Crux field is located in Production Licence AC/L9 in the Browse Basin offshore Western Australia. Nexus holds an 85% interest and is operator of the licence. The Crux field is 200 kilometers off the north-west coast of Western Australia. Nexus operates in Australia. In October 2008, Nexus Energy Limited and its subsidiaries disposed its entire shareholding of 19.24% in Anzon Australia Limited.

BRIEF: For the six months ended 31 December 2008, Nexus Energy Limited's revenues increased 10% to A$66.3M. Net loss totaled A$67.8M vs. an income of A$40M. Revenues reflects an increase in income from sales. Net loss reflects an increase in exploration expenditure written off, a rise in finance costs, higher consultancy expenses, an increase in depreciation & amortization expenses and the presence of loss on available-for-sale investments.

Nexus Energy Limited
134-140 Little Lonsdale Street
Melbourne   VIC   3000
P: +613.96602500
F: +613.96549303

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