Anzon: Not Bidding for Nexus

Anzon Australia Limited "categorically denies" reports by the financial press Thursday that it is bidding for Nexus Energy Limited. Moreover, Anzon said that it has no intention of bidding for Nexus.

Anzon noted that it is currently focused on delivering value to its shareholders by enhancing its producing Basker, Manta and Gummy assets in Bass Strait--as demonstrated by the announcement of the Gas Contract earlier this week that now increases the project life to 17 years.

Anzon has not been asked to participate in the proposed fund raising announced by Nexus and it notes that the proposed fund raising is at a significant premium to the acquisition price of the Nexus shares acquired by Anzon last year. Anzon has complimented Nexus on its performance in the recent past.

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