New Standard Energy (NSE) is an aggressive oil and gas developer. It has an active, well funded, disciplined exploration and drilling program underpinned and complemented by targeted corporate activity.
In 2010 the Company has plans to drill seven wells, six in the United States and one in the Canning Basin.
The drilling program is underpinned by a strong existing pipeline of exploration projects:
- Short term: Low risk, meaningful prospect exploration in the Colorado County of Texas, USA;
- Medium-long term: High risk, high reward exploration in the Canning Basin, Australia;
Plus, it continues to seek and forensically assess new opportunities.
Investment in New Standard Energy offers shareholders exposure to significant upside through future cash flow from low risk exploration, high risk / high impact exploration and future value adding corporate opportunities generated by the Board.
New Standard's board and management possess the skill and expertise to identify exploration and corporate opportunities which add value to the Company and its shareholders.
And the Company is backed by a strong balance sheet which has been prudently managed to provide a platform for growth.
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