New Standard Energy Limited (New Standard) advises that the Southern Canning Joint Venture (SCJV) has agreed to delay drilling of the Brooke North-1 well until late 2015. In line with this the Company plans to defer all of its Canning and Carnarvon Basin drilling activity until 2015. Unfortunately delays in receiving various stakeholder approvals required for the drilling of the Brooke North-1 well have made it impossible to drill the well prior to this year’s wet season. As a result New Standard, with the support of its SCJV partners (ConocoPhillips and PetroChina), has been in discussions with the State Government and the Department of Mines & Petroleum (DMP) to ensure that the delay does not jeopardise the tenure of the SCJV permits.