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NEW STANDARD ENERGY LIMITED

ASX: NSE

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

New Standard Energy is an onshore hydrocarbon producer, developer and explorer with a commitment to develop and realise the oil and gas potential of the most prospective shale and tight gas basins across the US and Australia. The Companyís exploration and production program is active, well-funded and extensive. It is underpinned and complemented by targeted corporate activity to take advantage of opportunities and to build an extensive pipeline of prospective projects. New Standardís Board has substantial technical and commercial experience in the oil and gas sector.

The Eagle Ford acreage is a development and production project. It contains five existing production wells, in the oil window of the Eagle Ford shale, which are currently producing and generating revenue that provides monthly cash flow to the Company. New Standard is currently drilling and evaluating additional wells.

The Cooper Basin Project is later stage exploration and development, to take advantage of existing infrastructure and the domestic and export opportunities available in the Australian East Coast gas market.

The Canning and Carnarvon Projects are frontier basins, providing New Standardís investors with exposure to high risk, high reward exploration.

New Standard benefits from a strategic alliance with its major shareholder, the US-based Magnum Hunter Resources Corporation (NYSE: MHR), to efficiently develop the Atascosa Project in the Eagle Ford and to develop the Cooper Basin.

In addition to the above portfolio, New Standard has a 28.2% equity interest in ASX listed Elixir Petroleum Limited (ASX: EXR) and is continuing to actively assess other opportunities to complement and expand its portfolio.

Mine For

oil, gas, shale

Location of operation(s)

USA, South Australia, Western Australia,

Australian Basins

Canning, Cooper, Carnarvon

Address

Level 2, 7 Ventnor Avenue
WEST PERTH, WA, 6005, AUSTRALIA

Phone

(08) 9481 7477

Email

Website


Last Updated

13/5/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.