Past year: ▲ 0%(0.40c – 0.40c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Nov 2012agm notice● Neutral
Chairman's AGM address calls Nicolay #1 encouraging, with over 400m of core taken and hydrocarbon-bearing shale found. Core analysis takes 2-3 months. It acknowledges the market is 'grappling' with the data-acquisition phase and flags a remuneration review. No new results.
13 Nov 2012investor presentation● Neutral
AGM presentation restates strategy: Goldwyer with ConocoPhillips, Merlinleigh, and US assets, with over 14m gross acres. It cites ~305m shares, about $63m cash and a $98m market value at 32c. Largely known facts.
12 Nov 2012drilling scheduled● Neutral
The rig has been released from Nicolay #1 and is moving to Gibb Maitland #1 on EP450, 150km east, with drilling due December 2012 and about 60 days to complete. It targets a more central part of the basin, where the company says richer source rock is more likely. Nicolay core analysis will take two to three months.
7 Nov 2012regulatory community update● Neutral
Partner Green Rock (15% of EP417, 40% of Seven Lakes) gives a portfolio update. Its own East Blina-1 well found no recoverable hydrocarbons. It expects the Seven Lakes gravity survey results within a month, then application to convert to a full permit. Mostly about Green Rock's own assets.
31 Oct 2012quarterly activities report● Neutral
September quarter: Nicolay #1 reached 3,564m with continuous gas shows and near-100% core recovery; Gibb Maitland #1 is next. Cash was $39.8m at 30 September, about $65m after the Buru sale. Merlinleigh permits were granted. Largely repeats known events.
25 Oct 2012drilling progress report● Neutral
Early wireline logs at Nicolay #1 show the Goldwyer is more shale-bearing than core observations suggested, consistent with the gas shows. Further interpretation is needed. Core analysis results are expected early 2013. This is the final weekly report; rig then moves to Gibb Maitland #1.
25 Oct 2012asset acquisition disposition▲ GoodMajor
New Standard sold its remaining 10 million Buru shares at $2.74 for $27.4m before costs, following the 5m sold in August at $3.18. Cash rises to over $65m, which the company says supports expanding its oil and gas activities.
18 Oct 2012drilling result● NeutralMajor
Nicolay #1 was drilled to 3,564m, deeper than the 3,450m plan, to cover the whole Goldwyer. Gas shows faded below ~3,350m, with no heavier hydrocarbons seen. Limestone was thicker than expected. Significance awaits logs and lab work; rig moves to Gibb Maitland #1.
11 Oct 2012annual report● Neutral
The printed 2012 Annual Report repeats the statutory accounts released on 20 September: $27m raised at 30c, cash $24.9m at 30 June, and $15.9m from the Buru share sale after year end. No new information evident.
11 Oct 2012drilling result▲ GoodMajor
Nicolay #1 cut its first Goldwyer core, 54m with 100% recovery, from 3,150m. Gas readings (methane to propane) began from about 2,850m and desorption confirms gas, but the company says significance is unknown until detailed analysis over coming months.
4 Oct 2012drilling progress report● Neutral
Nicolay #1 is at 2,728m, 46 days after spud. The 9 5/8 inch casing was cemented and pressure tested successfully, and drilling resumed in 8.5 inch hole. Next step is drilling to the first coring point in the Nita and Goldwyer formations.
27 Sept 2012drilling progress report● Neutral
Nicolay #1 is at 2,649m, with 9 5/8 inch casing being run and cemented at 2,643m in the upper Bongabinni formation. Drilling will then continue to the Nita formation to prepare for coring. No hydrocarbons were encountered, none expected.
24 Sept 2012other▲ Good
New Standard confirms it became part of the S&P/ASX 300 index from the close on 21 September 2012, as flagged earlier. The managing director says it widens the pool of potential institutional investors and notes market value growth from $30m in mid-2008 to over $140m.
20 Sept 2012drilling progress report● Neutral
Nicolay #1 is at 2,593m, having made only 343m in the week as the Nibil formation proved thicker than expected, slowing drilling to 2-3m per hour. The company says this adds drilling time but has no material implication for the well prognosis. No hydrocarbons expected.
20 Sept 2012annual report● Neutral
Statutory accounts for the year to 30 June 2012: cash $24.9m (up from $4.6m), total assets $94.4m (from $30.1m), helped by the $27m raising at 30c. A further $15.9m came after year end from the Buru share sale.
13 Sept 2012drilling progress report● Neutral
Nicolay #1 is at 2,250m, 25 days after spud, having drilled 847m in the week despite some rig downtime from mechanical issues. No hydrocarbons were encountered, none expected. The 55-day estimate to about 3,450m is unchanged.
12 Sept 2012investor presentation● Neutral
Euroz conference presentation restates the Goldwyer (US$119m ConocoPhillips farm-out) and Merlinleigh strategy. It cites 305m shares, about $40m cash, 10m Buru shares at about $26m and enterprise value of about $74m at $0.46. Largely known facts.
7 Sept 2012other▲ Good
S&P Dow Jones Indices will add New Standard Energy to the S&P/ASX 300 index after the close on 21 September 2012. This is an index notice, not a company announcement; it may raise the share's profile with index-tracking investors (inference).
7 Sept 2012regulatory community update● Neutral
The airborne gravity survey over EP417 and the Seven Lakes SPA is complete, on time and in line with the cost estimate. Results will be combined with existing data over the coming months to pick targets, including an application to convert Seven Lakes to a full exploration permit.
7 Sept 2012regulatory community update● Neutral
Green Rock Energy forwards NSE's announcement that the airborne gravity survey over EP417 and Seven Lakes is complete. Green Rock holds 15% of EP417 and 40% of Seven Lakes. It is a cover note with no new information.
7 Sept 2012regulatory community update● Neutral
Buru Energy, which holds 35% of EP417, forwards NSE's announcement that the airborne gravity survey is complete. It is a cover note repeating NSE's release with no new information.
6 Sept 2012drilling progress report● Neutral
Nicolay #1 is at 1,403m, 18 days after spud, and is pulling out of the hole to change the drill bit. No hydrocarbons were encountered, and none were expected. The 55-day estimate to about 3,450m is unchanged.
4 Sept 2012investor presentation● Neutral
Good Oil Conference presentation restates the strategy: Goldwyer (US$119m ConocoPhillips farm-out) and Merlinleigh. Lists 305m shares, about $40m cash and 10m Buru shares at about $26m, giving an enterprise value of about $70m at $0.445 per share. Largely known facts.
30 Aug 2012drilling progress report● Neutral
Nicolay #1 reaches the first casing point at 858m, where 13 3/8 inch casing is run, cemented and pressure tested. Drilling continues toward the second casing point above the Nita and Goldwyer formations. The 55-day estimate is unchanged.
23 Aug 2012drilling progress report● Neutral
Nicolay #1 is at 660m, five days after spud, drilling toward a first casing point on the way to about 3,450m. No hydrocarbons are expected at this stage. ConocoPhillips is funding the first US$13m per well, and the 55-day estimate is unchanged.
23 Aug 2012drilling progress report● Neutral
NSE starts an airborne gravity survey (about 3,695 line km) over EP417 and the Seven Lakes SPA, taking about 3 weeks. It fulfils the work commitments for both areas, and follows the 2011 Lawford #1 well that missed the Laurel target. Results are due within 40 days of completion.
23 Aug 2012regulatory community update● Neutral
Buru Energy, which holds 35% of EP417, forwards NSE's announcement of the start of the airborne gravity survey. It is a cover note repeating NSE's release with no new information.
23 Aug 2012regulatory community update● Neutral
Partner Green Rock Energy forwards NSE's news that an airborne gravity survey has started over EP417 and the Seven Lakes SPA. Green Rock holds 15% of EP417 and 40% of Seven Lakes. Repeats NSE's announcement; no new information.
20 Aug 2012drilling spud▲ GoodMajor
Nicolay #1, the first Goldwyer Phase 1 well, spudded on 18 August after the delay, targeting about 3,450m (deeper than the earlier 3,200m). Drilling is expected to take about 55 days, with coring and logging only, no fracturing or flow testing.
13 Aug 2012regulatory community update▲ GoodMajor
Merlinleigh's two exploration permits are granted after a native title agreement with the Gnulli group, resolving the open permit and native title thread. NSE holds 100%. Partnering assessment follows in H2 2012, with on-ground exploration in 2013.
