Jun. 2012 - Nexus Energy Limited announced that the vessel to inspect and potentially rectify the electrical fault that caused the suspension of production on the Longtom field has arrived. Initial inspections have identified the fault to be contained within a specific section of the offshore system, which has enabled an engineering solution to be developed with implementation and associated production expected by month end. Given the mobilization of the specialized vessel, the opportunity is being taken to expand the inspection program to include additional sections of the offshore system, stated the company.

Jun. 2012 - Nexus Energy reported that a series of short-term production interruptions have occurred due to an intermittent electrical fault at the Patricia-Baleen gas processing facility. Production at the facility has been suspended, with outage expected to continue until the fault is identified and fixed through an offshore intervention program. The location of the fault has not yet been determined and could be within the Santos or Nexus offshore facilities. A vessel has been mobilized and is scheduled to arrive at the field on June 15, 2012, depending on weather, to commence the inspection and rectification works. The facility receives gas via a pipeline from Bexu’s offshore Longtom field.

Apr. 2010 - Nexus Energy halted production at its Longtom field after low levels of mercury were detected in gas produced by the Longtom-4 well. Test samples were acquired from the Longtom-3 well over the weekend, and if test results confirm acceptable mercury levels, gas production will recommence. If not, the operator will have to install mercury-removal equipment, which will take at least two months and cost about US $ 1.8 million (A $2 million). During the installation period, production will be deferred. Longtom is situated in a water depth of 184 feet (56 meters) offshore Gippsland Basin, Australia in exploration permit VIC/P54.

Nov. 2009 - Since Longtom came online, the field has been producing gas and condensate at a stable rate for just over two weeks via Santos' onshore gas plant in Orbost. The field lies in a water depth of 184 feet (56 meters) offshore Gippsland Basin, Australia, in exploration permit VIC/P54. The operator is continuing to monitor the pressure measurement of the field, as well as the subsea gathering and control systems, but all is functioning as expected. Longtom's field development compromises three wells tied to a 12-inch-diameter pipeline, that is then connected to the existing Patricia-Baleen gas pipeline, which exports the gas onshore to the Santos-operated gas plant.

Oct. 2009 - With commissioning of the production and processing system underway, Nexus Energy has commenced producing gas from the Longtom field, located in 184 ft. (56 m) of water off the coast of Australia in the Gippsland Basin. The field, which is wholly owned by Nexus Energy, is covered by exploration permit VIC/P54, and Nexus has taken this asset from discovery to market.

Sep. 2009 - Nexus successfully completed a placement to institutional and sophisticated investors, raising gross proceeds of approximately $31 million. Further, eligible shareholders will be invited to participate in a fully underwritten non-renounceable rights issue to raise an additional $43 million (before costs and expenses). The placement and rights issue will strengthen Nexus' balance sheet and provide financial flexibility through to the end of 2010. Proceeds will be used to fund ongoing development of the Longtom gas project, long lead items for the Crux liquids project and general working capital.

Aug. 2009 - TSMarine Pty Ltd and DOF Subsea will provide the Australian and Southeast Asian region with a new Dive Support Vessel and associated project management and engineering services. The TSMarine DOF Subsea Joint Venture combines the 2007 built DP2 multi role DSV, the Rem Etive with the new build D300 12 man saturation diving spread to produce a modern highly specified and versatile DP DSV to service the regional market. Underlining the value of this JV, the companies have been awarded a contract by Nexus to complete the Longtom field installation. The work scope includes the final metrology then installation of 12 rigid tie-in spools and protection structures, installation of a flexible flowline jumper plus hydraulic and electrical flying leads followed by de-watering and hydrotesting of the Longtom pipeline. Saturation divers will be used for the majority of the work in 187 feet (57 meters) of water. The Longtom field, located in the Bass Strait in Australia, will be tied into the existing subsea Patricia Baleen development. The offshore work is expected to take approximately 30 days and will commence immediately following the DSV Rem Etive's existing commitment performing a 42" - 24" hot tap and associated rigid spool tie-in's in Malaysia, the first project to be performed by the new joint venture company.

Jul. 2009 - Development of the Longtom gas project continued with the completion of installation work on a 11-mile (17-kilometer) offshore pipeline, which will connect Longtom to the existing Patricia Baleen facility and the Longtom control umbilical. Nexus also announced the conditional sale of a 50% interest in Longtom and exploration permit VIC/P54 to AED for A$155 million. The transaction delivered Nexus near term funding and upon completion of the sale, will provide new capital to fund activities into 2010.

Jul. 2009 - Nexus advised that a suitable diving support and installation vessel was secured to complete the remaining offshore installation work for the Longtom gas project (VIC/L29) in the Gippsland Basin, offshore Victoria. The vessel will be mobilized from Singapore and is expected to arrive on the Longtom site late August 2009 to complete the hook-up of the installed equipment. The completion of the installation work is now scheduled to occur between September 28 and October 15, 2009. The range of scheduled completion dates account for both variations in the mobilization date for the vessel and potential weather interruptions during the installation work program. Development costs for the Longtom gas project are expected to increase by approximately 5% as a result of this delay.

Jul. 2009 - Nexus advised that the offshore construction work for the Longtom gas project (VIC/L29) in the Gippsland Basin, offshore Victoria, was interrupted. The delays occurred because of a demobilization of a diving support vessel, due to a contractual dispute in relation to its ongoing charter. Nexus is in the process of securing an alternative diving support and installation vessel, and the offshore installation work is anticipated to recommence in approximately three weeks. The subsea gas pipeline to connect Longtom production wells to Santos Ltd's Patricia Baleen offshore pipeline and the Longtom control umbilical have been laid on the seabed. The remaining offshore work involves diving operations to hook-up the installed equipment. Nexus anticipates being ready to supply gas during calendar 3Q 2009.