proactive invesors clip

(ASX: NSE) is on the investor radar with the company trading close to two million shares yesterday, which follows the 1.1 million on Wednesday.

This compares to an average of around 400,000 over the past few weeks.

The gas & oil explorer has three Western Australian based onshore shale and tight gas projects, covering an extensive 14 million acres across the state.

New Standard's project portfolio includes the Southern Canning Project (25%), where ConocoPhillips and PetroChina have farmed-in to fund and progress exploration.

The company is currently seeking partners for the Merlinleigh (100%) and Laurel (100%) projects.

The forward plan for New Standard includes completing Merlinleigh drilling, assessing results and then to develop future work program.

The company is also on track to drill 1 – 2 wells in the Canning Basin in 2014, with activity to commence after the wet season.

There is the likelihood that the first two wells are to be split between Southern Canning and Laurel projects (posted on friday nov 22)