Ann: Transforming New Standard Energy , page-19

But sustainable cash flow from 6 producing wells now ... and 4 more likely by the end of the 2014 year. All near infrastructure in the Eagle ford area. I'll take income over the higher risk/maybe plays any day.... I say its good move and provides certainty and risk mitigation.

Also instead of 1 moderately risky well Merlinleigh ... we have two low risk wells being drilled... So better short term news flow ...than I expected in the 1st qtr 2014.

Well Done Mgmt ... Seems the Lessons of past drilling failures in the Canning last year have been learnt and understood.