Nexus Energy Limited (NXS)



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General Information
Company Name: Nexus Energy Limited
Stock Code: NXS
Website: www.nexusenergy.com.au
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 17
Equiv. Shares (M): 1,330

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.013 $ 0.000 $ 0.000 $ 0.000 $ 0.013 0 0%

Current Broker Consensus Recommendation more
Recommendation: Hold (3)
Recommendation Date: 1st Sep 2014
Brokers Surveyed: 1

Company Overview

Business Description:
Nexus Energy Limited (NXS) is an oil and gas exploration and production company. NXS has a portfolio of energy assets in two regions, namely, Gippsland Basin, off the south east coast of Victoria; and the Browse Basin, off the northwest coast of Western Australia.

Strategy Analysis:
The Company's long term strategy is to achieve growth through taking assets from the exploration phase through development and into first production. The company aims to achieve cash flow self sufficiency via its developed assets generating sustainable and predictable cash flows. The company's focus is on the Longtom and Crux assets. It is also progressing the appraisal of the Echuca Shoals discovery by negotiating a farm-out transaction. Nexus Energy reported positive cash flow of $68.92m for quarter ended 31 December 2012. Operating cash flow for the period was $(3.58m). Payments for exploration and evaluation were $(252,000). Investing cash flow was $75m. Financing cash flow was $(2.5m). Cash in hand at the end of the quarter was $95.04m. The Company reported proceeds from the sale of the 2% stake in Crux were received prior to quarter end and were used for the January 2013 notes repayment and reduction of the Longtom debt facility.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2015  F -11.3 -0.8 -- -- -- 0.0 --
2014  F -9.4 -0.7 -- -- -- 0.0 --
2013  A -37.5 -2.8 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F
Beach Energy (BPT) $2,094 M 0.8455 -0.2898 -0.0703 8.1653 11.4975 12.3664 2.47 2.47 3.74
Nexus Energy (NXS) $17 M -- -- -- -- -- -- 0.00 0.00 0.00
Oil Search (OSH) $14,674 M 0.5489 1.4959 0.4187 56.4912 22.6336 15.9538 0.46 0.85 2.28
Santos (STO) $14,505 M 0.1518 0.3676 0.4164 28.6293 20.9332 14.7791 2.02 2.73 3.93
Woodside Petroleum (WPL) $35,486 M -0.0512 0.3932 0.0148 18.6353 13.3758 13.1805 6.46 5.93 6.08

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NXS -- -- 0.06 -- 0.33
Market 1.03 16.0 1.31 1.77 1.59
Sector 1.29 11.6 0.76 0.63 6.67

Directors
Name Position Start Date
Mr Lucio Della Martina Chief Executive Officer,Managing Director 12 October 2012
Mr Symon Drake-Brockman Non-Executive Director 18 November 2009
Mr John Hartwell Non-Executive Director 31 March 2011

Management
Name Position
Susan Robutti Company Secretary,Chief Financial Officer
Margaret Hall Development Manager
Keith Jackson Exploration Manager

Substantial Shareholders
Holding Name
66,566,809 (5.00%) Dimensional Entities
185,621,235 (13.95%) Credit Suisse Holdings (Australia) Limited
68,025,304 (5.11%) Andrew Carlyle Greig

Calendar of Events
Date Event
29 April 2015 Report (Quarterly)
13 March 2015 Report (Interim)
30 January 2015 Report (Quarterly)
30 October 2014 Report (Quarterly)
17 September 2014 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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