Jemb, I don't know what your issue is ? You are critical of...

Jemb, I don't know what your issue is ?
You are critical of NXS's reserve upgrade, and also critical of AZA despite the fact that NXS are the sufferers if AZA does indeed have a reserve downgrade (due to their large equity position in AZA ).

NXS has a market cap of nearly $1 billion but NO income at all and a minimal reserve upgrade that even you were openly disappointed in . Santos and others have rejected farming in to NXS projects .

.....and when they did attract a farm in, 15% of Crux was bought for a little over half the price that 10% of BaskerMG was bought for ..... and I would pay more attention to what equity partners are willing to pay as opposed to broker bitterness .

You got your way wth NXS declining the merger but the fact is NXS and AZA are 'merged' anyway .

I continue to hold both stocks but I am cautious that NXS is very top heavy whilst AZA has already had a massive shareprice downgrade .
When AZA have a PE already in the 3's and prospectively in the 1's based on additional flows, insto bagging of AZA seems negligent . "Sell the cheap stock, buy the expensive one' .