BRIEF-Nexus Energy updates on strategic review process

Feb 20 (Reuters) - Nexus Energy Ltd NXS.AX :

* Says company has been in receipt of non-binding proposals in respect of crux

* Says the proposals were priced significantly below the regional transaction

* Says discussions with those parties were discontinued

* Says discussions are continuing with another interested party

* Source text for Eikon News Search ID:nASXX5bjM

((For more news, please click here NXS.AX ))

((Bangalore Newsroom; +91 80 6749 1130))