Crossword Genius

Refuge that lacks nothing for the present? (5)

Ross

I believe the answer is:

oasis

I'm a little stuck... Click here to teach me more about this clue!

'refuge that lacks' is the definition.
'oasis' can be an answer for 'refuge' (I've seen this in another clue). I am not certain of the remainder of the definition.

'nothing for the present?' is the wordplay.
'nothing' becomes 'O' (looks like zero - 0).
'for' means one lot of letters go next to another.
'the present?' becomes 'asis' (I am not sure about this - if you are sure you should believe this answer much more).
'o'+'asis'='OASIS'

Can you help me to learn more?

(Other definitions for oasis that I've seen before include "where palms grow" , "Desert pool" , "Area of calm amid hectic surroundings" , "Place of refreshment" , "haven for travellers" .)

I've seen this clue in The Guardian.
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