New Standard Energy - Woodwood Locations - Shale Gas Exploration EP-450

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The Goldwyer Project is located within New Standard’s Canning Basin exploration area. New Standard confirmed that initial 2011 exploration efforts in the Goldwyer Project have identified a liquids rich shale gas zone. Ongoing technical work centred on the emerging liquids rich potential will be conducted in conjunction with progressing partnering discussions to explore the Goldwyer play. Both efforts are aimed at enhancing the value of the Goldwyer Project significantly over time.

New Standard’s analysis of the Goldwyer shale’s thickness, depth and maturity levels has indicated that the broad extent of its acreage hosts the potential for three distinct zones to lie across the shale gas window in its large Goldwyer Project, which is located in Western Australia’s Canning Basin.

(From company Quarterly Activity Report on 5 May 2011)