Anzon Receives Acceptances for More than 15% of Nexus

Anzon Australia Limited has achieved acceptances of approximately 55.5 million shares, or 15.4%, of Nexus Energy Limited in response to its Takeover Offer as of 4pm, June 6, 2006. Anzon expects further acceptances before the Offer formally closes at 7pm (AEST) this evening.

Although the final number of acceptances will not be known until later today Anzon is now the largest shareholder in Nexus and intends to play a constructive role in the future exploitation of Nexus' assets. In particular, Anzon looks forward to the Nexus Board delivering the value indicated by them during the Offer period.

Anzon Executive Chairman, Steven Koroknay, said, "Anzon has worked with the Nexus management team in past programs and we are confident that the constructive operational relationship will continue.

"Anzon welcomes the Nexus shareholders who have accepted our Offer to become part of a profitable oil producing company with growing reserves."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
Land Specialist - Delaware Basin
Expertise: Landman
Location: Midland, TX
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours