Inactive Instrument

New Standard Energy

Equities

NWSTF

AU000000NSE0

New Standard Energy Ltd sold 1.99% stake in Buru Energy Limited for AUD 15.9 million.

August 06, 2012 at 09:30 am IST

New Standard Energy Ltd (ASX:NSE) sold 1.99% stake in Buru Energy Limited (ASX:BRU) for AUD 15.9 million on August 2, 2012. New Standard sold 5 million shares of Buru Energy for AUD 3.18 each. The transaction is tax effective and no taxation liability is expected to arise given the current carried forward losses available to New Standard Energy. The share sale proceeds increased New Standard's cash position to in excess of AUD 40 million and will provide a more stable and balanced mix of cash and investments on the balance sheet. The transaction leaves New Standard well capitalized leading into potential partnering discussions on the Merlinleigh Project during 2H, 2012.

New Standard Energy Ltd (ASX:NSE) completed the sale of 1.99% stake in Buru Energy Limited (ASX:BRU) on August 2, 2012.

Latest news about New Standard Energy

New Standard Energy Limited Auditor Raises 'Going Concern' Doubt	26/21/26	CI
New Standard Energy Limited Announces Management Changes	12/16/12	CI
New Standard Energy Limited Reports Sales Results for the Year Ended December 31, 2015	05/16/05	CI
New Standard Energy Appoints Song Hui and Liu Xiaofeng as Non-Executive Directors	16/15/16	CI
New Standard Energy Limited announced that it has received AUD 0.91 million in funding from Huizhou Energy Investment Co, Ltd..	30/15/30	CI
New Standard Energy Limited announced that it expects to receive AUD 0.91 million in funding from Huizhou Energy Investment Co, Ltd.	24/15/24	CI
New Standard Energy Limited Appoints Mr. Ning Han as Non-Executive Director	12/15/12	CI
New Standard Energy Limited Announces the Resignation of H C Kip Ferguson III and Jeffrey Swanson from the Board	20/15/20	CI
Jara Resources Pty Ltd acquired 17% stake in New Standard Energy Limited from Magnum Hunter Resources Corp. for AUD 0.72 million.	20/15/20	CI
New Standard Energy Limited Auditor Raises 'Going Concern' Doubt	30/15/30	CI
Sundance Energy Australia Limited completed the acquisition of New Standard Energy Texas LLC, New Standard Energy PEL 570 Pty Ltd and working interest in the Colorado County assets from New Standard Energy Limited.	07/15/07	CI
New Standard Energy Limited Announces Change of Registered Office Address	14/15/14	CI
New Standard Energy Seeks Financing	29/15/29	CI
Sundance Energy Ltd entered into an agreement to acquire New Standard Energy Texas LLC, New Standard Energy PEL 570 Pty Ltd and working interest in the Colorado County assets from New Standard Energy Limited for AUD 23.8 million.	29/15/29	CI
Sundance Energy Limited acquired 14.91% stake in Elixir Petroleum Limited from New Standard Energy for AUD 0.24 million.	29/15/29	CI
New Standard Energy Limited(ASX:NSE) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index	01/15/01	CI
New Standard Energy Limited Announces Resignation of Mr. David Hansen-Knarhoi as Joint Company Secretary	08/15/08	CI
New Standard Energy Limited Announces the Resignation of Greg Channon as Director	10/15/10	CI
Chris Sadler Resigns as Director of New Standard Energy Limited	03/15/03	CI
New Standard Energy Limited Announces Southern Canning Basin Update	06/14/06	CI
New Standard Energy Limited Announces Atascosa Project Production Update	15/14/15	CI
New Standard Energy Limited Announces Board Appointments	24/14/24	CI
New Standard Energy Limited Announces Agreement on A Terms Sheet to Establish an Initial Debt Facility of Up to $32.5 Million	31/14/31	CI
New Standard Energy Limited(ASX:NSE) dropped from S&P/ASX All Ordinaries Index	24/14/24	CI
New Standard Energy Limited Appoints H.C. Kip Ferguson III as Non-Executive Director	11/14/11	CI

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Company Profile

New Standard Energy Limited is an Australia-based company that is engaged in the business of exploration for oil and gas in the Carnarvon Basin in Western Australia and seeking new projects, both in the energy and other sectors. The Company's segments include Australia and the United States. The company operates in two primary basins the Canning and Carnarvon, Western Australia. Its Canning Basin is situated approximately 2,000 kilometers north of Perth in the central north of Western Australia, covering an area of approximately 530,000 square kilometers. Its projects in Canning Basin include Laurel Project. The Company has a production and development project in the Eagle Ford shale in Texas, the United States as well as a range of exploration projects in Australia, located in the Cooper Basin in South Australia and the Canning and Carnarvon Basins in Western Australia.

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