a erlier report did state that date u report ,yet the updated version is posted below in the quarterly as pasted below for a december drilling campaign good luck all...........................................................................Date: 24 October 2013 Summary ?? New Standard on track to spud Condon-1 at Merlinleigh Project in early December 2013 ?? Civil works complete in preparation for mobilisation of rig to site ?? Contracts in place for all major activities ?? New Standard increases its equity in Laurel Project EP417 to 100 per cent ?? Increased equity stake in Elixir Petroleum to 28.2 per cent ?? Sam Willis appointed to Elixir Board ?? Cash position at 30 September 2013 of $37.3 million, better than forecast ?? Well positioned to meet future operational objectives Overview New Standard Energy (New Standard or the Company) has completed two strategic corporate transactions during the quarter and finalised all operational planning at the Merlinleigh Project in preparation for drilling operations to commence December this year. The most significant corporate transaction of the quarter was the Company’s decision to increase its equity stake in Elixir Petroleum (ASX: EXR, Elixir) from 13.7 per cent to 28.2 per cent, following its support of a $1.85 million entitlements issue
NSE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
