8 February 2013 ASX Announcement
DRILLING CONTRACT TERMINATED
(ASX: NSE)
New Standard Energy Ltd (New Standard) wishes to advise as Operator of the Goldwyer Joint Venture (GJV) with ConocoPhillips, that the Drilling Services Agreement (DSA) with Century Energy Services Pty Ltd (MB Century) has been terminated with immediate effect. Following the safe suspension of the well as per regulatory requirements, MB Century has been directed to demobilise MBC Rig #14 and associated personnel from the Gibb Maitland #1 drilling location in a safe and efficient manner.
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