New Standard energy

New Standard energy

About: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.

 

Key Services:The Company’s 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 Standard’s Board has substantial technical and commercial experience in the oil and gas sector.

 

Project Experience Includes: The company operates in four primary basins: Eagle Ford, Texas, USA; Cooper, South Australia; and the Canning and Carnarvon, Western Australia.

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 Standard’s investors with exposure to high risk, high reward exploration.