NEW YORK, Nov. 12, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced New Standard
Energy Ltd. (ASX: NSE; OTCQX: NWSTF), an onshore hydrocarbon
provider, developer and explorer, has qualified to trade on
OTCQX®, the best marketplace.
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New Standard Energy begins trading today on OTCQX under the
symbol "NWSTF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are excited to welcome New Standard Energy to OTCQX," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group. "Trading on OTCQX will provide New
Standard Energy's U.S. investors transparent trading and convenient
access to the company's news and financial disclosure so they can
more easily analyze, value and trade its securities."
New Standard Energy Managing Director Phil Thick said, "Trading on OTCQX is a great
opportunity for U.S. investors and New Standard. U.S.
investors understand the value in Eagle Ford plays and are looking
for the next early stage, high growth opportunities. We
believe our partnership with Magnum Hunter Resources and our
experienced and successful Eagle Ford operating team is attractive
to those investors."
GMP Securities LLC serves as New Standard Energy's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements.
New Standard is currently pursuing its development and
production project in the Eagle Ford, Texas, United
States, which is focused on growing the value of its
Atascosa Project through increased exploration acreage, and
accelerating drilling to increase reserves and production.
Currently, there are seven producing wells on the company's
acreage, with additional wells now being drilled. The company
also operates in three key onshore basins within Australia: the Cooper Basin in South Australia and the Canning and Carnarvon
basins in Western Australia.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through
our OTC Link® ATS, we directly link a diverse network
of broker-dealers that provide liquidity and execution services for
a wide spectrum of securities. We organize these securities
into marketplaces to better inform investors of opportunities and
risks – OTCQX®, The Best Marketplace;
OTCQB®, The Venture Marketplace; and OTC
Pink®, The Open Marketplace. Our data-driven
platform enables investors to easily trade through the broker of
their choice at the best possible price and empowers a broad range
of companies to improve the quality and availability of information
for their investors. To learn more about how we create better
informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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Media Contact:
Saskia
Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428,
saskia@otcmarkets.com
SOURCE OTC Markets Group Inc.