To: Spekulatius who wrote (53035 ) 12/21/2013 11:24:00 AM From: E_K_S Respond to Thank you for the financial times ft.com/markets link. I have a hard time rooting out the financials of foreign stocks so this site looks like a good place to start.TBV (as reported at $0.23/share) New Standard Energy LtdNSE:ASX New Standard Energy Limited (NWSTF) -Other OTC New Standard Energy Limited is an oil and gas company focused on Western Australian, onshore, shale and tight gas projects. The Company has a portfolio of three shale and tight gas projects (Southern Canning, Merlinleigh and Laurel) onshore in both the Canning and Carnarvon Basins of Western Australia, as well as a large, production and development field in Texas, the United States. The onshore Canning Basin (Basin) is situated over 2,000 kilometers north of Perth in the central north of Western Australia and covers an area of approximately 530,000 square kilometers onshore. The onshore Carnarvon Basin is located approximately 1,000km north of Perth and consists of two main depo-centers. Its asset in the United States portfolio is a 32.5% working interest in the Colorado County Project located in Colorado County . The Project is owned by the Company's wholly owned subsidiary New Standard Energy Inc. and operated by AKG Energy. This is a speculative long term hold with some interesting projects in both the U.S. and in Australia. Their land holdings are located in some very potentially productive NG areas and with no debt and $35 Mln in cash, I believe they can leverage their land holdings w/ larger partners . (Note: Most of their cash flow is from asset sales which is better than debt IMO).their BOD all w/ LNG developmental experience w/ one or more large integrators (ie Shell Oil). Their AU land is currently in development for their NG assets. The transactions occurred on the same date that Magnum Hunter Resources Corp (NYSE:MHR) filed an 8-K form at the U.S. Securities and Exchange Commission announcing an Option Agreement with Pathfinder Onshore Energy Pty Ltd, “a privately held Australian company, granting Pathfinder or its nominee, a subsidiary of New Standard Energy Limited ("NSE"), an Australian Securities Exchange-listed Australian company, an option to acquire Magnum Hunter's remaining oil and gas properties and related assets in the Eagle Ford Shale in South Texas” (Form 8-K). Announcement Date: 10 December 2013 $42.5m PEL 570 farm-out to New Standard Energy - Global leader Magnum Hunter to join Cooper Basin energy search The deal, representing an implied value of 27 cents per Ambassador share (not including cash reserves and USA acreage), also brings one of the US shale industry pioneers, Magnum Hunter Resources Corp (NYSE:MHR), to help guide exploration for the high liquids content/low CO2 gas targets known to exist in Cooper Basin permit PEL 570. New Standard is an experienced onshore oil and gas explorer in Western Australia. New Standard will operate the permit and carry the costs for the five year program up to a maximum of $42.5 million to earn a 52.5% equity interest in PEL 570. The PEL 570 farm-in is part of a broader transaction for New Standard Energy, which is also acquiring Magnum Hunter’s Eagle Ford shale assets in the US.
