NSE 0.00% 0.4¢ new standard energy limited

News: New Standard Energy in halt ahead of corporate and funding update

  1. New Standard Energy (ASX:NSE) has been granted an ASX trading halt pending a corporate and funding update.

    The halt will last until the earlier of the announcement being made or the start of the trade on Friday, 27th March 2015.

    Its existing wells in the U.S. are currently producing an average of 250-300 barrels of oil equivalent per day that are combined with hedges averaging around US$78 per barrel.

    The company also noted earlier this month that it was concentrating on reducing operational and corporate costs as well as managing its capital commitments and sourcing additional funding to develop and maintain its assets.



    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

 
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Currently unlisted public company.

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