Strategic Rationale

New Standard’s Board is repositioning the company so it:

  • Moves towards becoming self-sustaining from a capital perspective, and therefore avoids a cycle of continued shareholder dilution.
  • Reduces large share price volatility on the results from a single well

This transaction, to broaden New Standard’s range and maturity of assets to include assets from production to high-risk high reward frontier assets, sets New Standard on the path towards that model.

The transaction will completely reposition New Standard, preparing the company for growth opportunities and enhance the profile of the existing asset base.

The transaction was forensically assessed before a final investment decision was made. The New Standard Board believes that this transaction is in the best interests of its shareholders and will be of long-term benefit to the company, so has unanimously endorsed the transaction.

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