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POLICY

New Standard suspended over environmental concerns

PERTH-headquartered New Standard Energy has been suspended from the Australian Securities Exchange this week, after failing to reliably estimate costs associated with well abandonment at its assets in the onshore Canning Basin, Western Australia.

paul hunt
New Standard suspended over environmental concerns

  The company, which held high hopes for a commercial unconventional oil discovery in the Canning back in 2012, published its annual results at the end of last month reporting a loss after tax of $503,694...

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