Ann: Transforming New Standard Energy , page-40

And another Comment regarding WA Exploration from the presentation...


"...Refocussing capital to ensure a strong cash balance is maintained into the future •Still committed to our long term assets and to drill in the Canning and Carnarvon Basins, but decision taken to defer Condon well in Merlinleigh Project until second half 2014..."


The first sentence is the key to the whole thing ...