Following its recently announced transaction to acquire exploration, development and production acreage in the Eagle Ford shale and the Cooper
Basin, which will include two wells to be drilled in the Eagle Ford within the next three months, New Standard Energy Ltd. has mutually agreed with its drilling contractor Enerdrill to reschedule drilling of the Condon-1 well at the Merlinleigh Project to the second half of 2014. New Standard had previously intended to spud the Condon-1 well in late November or early December 2013. However, following the transformational acquisition announced
the decision was made to pursue the lower-risk drilling in the Eagle Ford prior to commencing drilling at Condon-1.