New Standard Energy (NSE) is an aggressive oil and gas developer. It has an active, well funded, disciplined on-shore exploration and drilling program underpinned and complemented by targeted corporate activity.
NSE's experienced and successful technical team utilise a science-based approach to drive the exploration and development of existing projects and to assess new opportunities against clearly defined commercial and geological evaluation criteria.
The Company has a strong existing pipeline of exploration projects from near-term drilling in the United States to high risk, high reward exploration in Australia's Canning Basin. Read More...
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New Standard’s Australian portfolio is currently focused on high risk, high reward onshore exploration targets within its vast Canning Basin acreage. The Canning Basin offers a significant upside potential in a proven but under-explored frontier petroleum system.
New Standard holds the second largest exploration footprint in the Canning Basin, and plans to complete the Lawford 1 well drilling in 2010.
The Company also owns 10% of Buru Energy, the Canning Basin’s largest explorer, providing New Standard direct exposure to additional Buru Energy production revenue and drilling success.
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NSE owns a 32.5% working interest in the Colorado County onshore project in Texas, US. A substantial six well drilling program, targeting high volume Wilcox prospects, has been planned for the Colorado County project throughout 2010.
The region is one of the world’s most prolific onshore hydrocarbon production regions and substantial existing infrastructure provides a short pathway to production on drilling success.
Share Price Summary
| Last | High | Low | Volume |
|---|---|---|---|
| 0.100 | 0.100 | 0.097 | 129,825 |
New Standard Energy shares are listed on the Australian Securities Exchange. Code NSE. Note: 20 minute delay