Ann: Transforming New Standard Energy , page-23

Interesting selling.

I'd say this is a case of holders selling out because the company has now changed direction.

If you invested in this company for the Canning or Mer and are throwing a tantrum you are looking for an emotional exit. Bad move right now.

Smart people are the buyers. But understandably at this time it is very early days to call a 'buy' in NSE anything other than a gamble.

Give this announcement some time to sink in and I have faith the share price will show this to be a positive move.

Imagine if we drilled Mer and found 'positive data' that was to be investigated for months. We'd be down cash, with nothing left in the pipeline but the Canning.

NSE's plate was looking fairly lean after Q1 2014. I think I'm happy with this.

I remain pessimistic about the 'producing' wells for now though.