September 2013

Good Oil Conference 2013Phil Thick, Managing Director

Company overview

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Positioned for growth in the emerging shale sector

New Standard Energy ASX:NSE

Ordinary shares 305.3m

Unlisted rights 2.12m

Market capitalisation(at $0.16c per share) $48.8m

Cash (net) June 2013 $41.5m

Investment in Elixir Petroleum(121.8m shares at 1.7c per share) $2.07m

NSE share performance over past six monthsCorporate overview

Applicable as at 03 September 2013Applicable as at 03 September 2013

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Emerging Oil & Gas explorer listed on ASX (ASX:NSE)

• Core focus on Western Australian onshore shale and tight gas projects

• Ground floor equity positions (early mover)• Attractive energy markets and pricing• New Standard operating all assets

• Gross acreage in excess of 14 million acres across Western Australia

• Global leader’s in oil & gas, ConocoPhillips and PetroChina, secured to fund and progress Southern Canning Project

• Seeking partners for Merlinleigh and Laurel Projects

• Active drilling campaign planning underway

• 1 firm well at Merlinleigh Project (Carnarvon Basin) in Q4 this year• 1 – 3 wells planned for Canning Basin in 2014

• Healthy balance sheet and funding sources

• Highly capable internal team able to meet all operational needs

Corporate overview

Experienced Board and Management

Arthur Dixon AM - Chairman

40 years with Shell in LNG, gas marketing and project development

Phil Thick - Managing Director

20 year career with Shell, incl four years on the Board of Shell Australia, former CEO of Coogee Chemicals and Managing Director of MHM Metals

Sam Willis - Non-Executive Director

Joint founder of NSE and previous MD - corporate finance and resources background with over 10 years corporate advisory and capital markets experience

Mark Hagan - Non-Executive Director

Joint founder of NSE, petroleum geologist with over 30 years in oil and gas exploration and production incl 18 years working for Sun Oil

Chris Sadler - Non-Executive Director

Experience in corporate finance and energy sectors - 20 years experience in investment banking with Deutsche Bank, JP Morgan and Salomon Brothers, and on Eastern Star Gas board prior to takeover by Santos

Ken Aitken – Operations Manager

Extensive experience onshore drilling, appraisal and development as WA Asset Manager with Origin

Greg Carlsen – Exploration Manager

Geologist and geoscientist with extensive onshore exploration experience, including the Canning Basin

Marcus Gracey – Head Commercial, Legal and Indigenous Affairs

Extensive Legal experience in the oil and gas area and expertise in native title and traditional owner negotiations and agreements

Pierre Achour - HSEQ Manager

Previous HSE roles with the DMP (Dept of Mines and Petroleum –the WA regulator) and BHP

David Hansen – Chief Financial Officer

Broad experience as Finance Director, Financial Consultant and CFO prior to joining NSE

Board Management

Diversified portfolio

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New Standard EnergyASX: NSE

100% WI

Direct Projects

Australian Shale & Tight Gas Projects

• ~45,000km2 or 11m+ gross acres

• Shale/Tight Gas and liquids potential

• Onshore Canning Basin

• JV partners –ConocoPhillips and Petrochina

• Potential 2014 drilling

• ~5,800km2 or 1.4m gross acres

• Shale and Tight Gas potential

• Carnarvon Basin

• Liquids Potential to be assessed

• Q4 2013 drilling confirmed

• ~5,800 km2 or 1.4m gross acres

• Oil & Wet Gaspotential

• Onshore Canning Basin

• Regional work and ongoing BRU drilling

• Potential 2014 drilling

Equity Holdings

28.2% Equity

Elixir PetroleumASX: EXR

• 100% exposure to Moselle Project in onshore Paris Basin

• Prospective for shale/tight gas, conventional prospects

• Sam Willis has joined EXR Board

25% WI 65% - 100% WI

Southern Canning Project

Merlinleigh Project

LaurelProject

USA Conventional

32.5% - 38% WI

Colorado CountyWharton County

• Minor production• Heintschel gas and

condensate discovery field

• Non-core business

Positioned for growth

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Large acreage positions in growing market• West Australian focus – substantial acreage position

• Total acreage of >14 million gross acres

• High domestic gas prices with emerging channels to market, including LNG

• Growing infrastructure in North of the State with LNG developments and large players positioning

• Pipeline access to both the Pilbara and Perth markets being planned via approved Buru pipeline agreement

• Commercially attractive liquids rich zones identified in Goldwyer and Laurel formations

• Merlinleigh project located on major gas infrastructure, with direct access to growing Midwest and Pilbara resource development projects

• Potential for onshore shale gas to offset and meet Domestic Gas reservation requirements for offshore LNG

• Emerging discoveries in Canning Basin, drilling activity set to ramp up

Enerdrill Rig #3

The Rig:• Rig #3 has been fully refurbished• Depth capacity of 5,200mts (capacity to drill all three projects)• New management and crew recruited and currently undergoing

training• Enerdrill also has other rigs available for future work

The Enerdrill team has substantial expertise in the following areas:• Remote drilling operations – with specific experience working in

the Canning Basin and other remote areas in Australia• Provision of fit-for-purpose drilling equipment and crew• Operating to a high level of performance and safety• Well maintenance• Transportation and provision of camps and facilities

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Fit-for-purpose rig capable of our drilling needs

Merlinleigh Project, Carnarvon Basin

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Why we like it• 100% equity in 5,500km2 (1.36 million gross acres) in

onshore Carnarvon Basin

• Ideal location for domestic gas market

• Immediately adjacent to Dampier to Bunbury pipeline infrastructure

• Situated between Pilbara and Mid West growth regions

• Attractive targets between 2,000m and 2,500m depth

• Prospective for both shale-tight gas and conventional reservoirs

• Accessible and low cost support infrastructure

• Good working relationship with key stakeholders

• Exploration permits EP481 and EP482 granted in August 2012

• Unique project, early commercialisation potential

• Large equity position

• Strategically well positioned

Four steps of oil & gas value creation

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Merlinleigh Project

Identify prospectivity Proof of concept

Find commercial

volumes of gas

Commercialize the exploration

success

• Internal team have completed an extensive amount of desktop geological studies

• NSE will developproject without a JV partner if necessary – currently data room is open to potential partners

• Secured rig to drill one firm well (Condon-1) in late 2013 – a traditional, vertical well

• Later wells will follow post Condon-1 analysis, including whether hydraulic fracturing required

• Potential for both conventional and shale/tight gas

• Adjacent to Dampier to Bunbury Natural Gas Pipeline – 50km from acreage

• Hub for domestic gas market willmake for easier options for commercialisation

Merlinleigh Project

• Significant natural gas potential• Shale and tight gas: 23

TCF potential GIP in mature shales across 7,700km2 zone of interest

• Conventional: up to 1.18TCF GIP across 4 key drilling prospects

• Also evidence of liquids potential

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The potential prize over 4 key prospect areas

Prospect Name Prospect Size (KM2) Potential Gas in Place

Condon-1 71 534

Crostella-1 81 472

Logan-1 5 43

Teichart-1 21 129

Total potential - 1.18TCF

Kennedy Range-1

• KR-1 well analysis demonstrates encouraging evidence of working petroleum system

• Proven hydrocarbon generating basin and presence of good quality source rocks

• Good gas shows in the KR-1 well with gas bleeding from multiple cores

• Hydrocarbons present over 800m+ section from 1,200m to 2,000m

• Onset of wet gas generation below 1,100m • Primarily gas targets but evidence for

liquids potential also exists • Shale formation present across acreage at

attractive depths • Primary shale target up to 300m thick • Average TOC of 6% - 7% and up to 16% in

Wooramel group • Encouraging reservoir sands for conventional

targets • ~12% porosity with hydrocarbon charge

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Provides encouraging evidence of working petroleum system

Putting the Canning Basin into perspective

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Size of Assessed Shale Gas and Shale Oil Resources, at Basin and Formation Levels

Independent assessments of Goldwyer shale formation in the Canning Basin provide strong support for Industry player’s focus:

• Canning Basin:

• Canning Basin – Risked Gas In Place: 1,227Tcf Technically recoverable: 235Tcf

• Canning Basin – Risked Oil In Place: 244bbl Technically recoverable: 9.7bbl

Country Basin Risked Gas In-Place (Tcf)

Technically Recoverable

(Tcf)

Risked Oil In-Place (Billion

bbl)

Technically Recoverable(Billion bbl)

Australia

Cooper 325 93 29 1.5

Maryborough 64 19 0 0.0

Perth 168 44 14 0.5

Canning (Goldwyer) 1,227 235 244 9.7

Georgina 68 13 25 1.0

Beetaloo 194 44 93 4.7

Source: US Energy Information Administration

Acreage grab in the Canning Basin

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Most prospective acreage already ‘locked up’

Canning Basin acreage

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Southern Canning and Laurel Projects

• Southern Canning Project, Canning Basin

• 25% equity and operator, US$119m farm-out to ConocoPhillips (46%) & PetroChina (29%)

• 48,000km2 (11m acres) with shale/tight gas & wet gas potential

• 3 wells in Phase 1 program – 2 wells drilled and third well location being identified through extensive additional G&G program

• Laurel Project, Canning Basin

• 65% equity and operator (Buru 35% of EP417)

• 100% equity and operator over Seven Lakes SPA

• 5,800km2 (1.4m acres) with conventional and shale/tight gas potential

• Growing infrastructure in Kimberley region with large players positioning and Buru State Agreement provides certainty on infrastructure and path to market for gas in the Canning

Important notice

This document has been prepared by New Standard Energy Limited ABN 20 119 323 385 (“New Standard")

This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectationsreflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptionswhich could cause actual results or trends to differ materially, including, but not limited to: price fluctuations, actual demand, currencyfluctuations, drilling and production results, reserve and resource estimates, loss of market, industry competition, environmental risks,physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions,political risks, project delays or advancements, approvals and cost estimates.

All of New Standard’s operations and activities are subject to joint venture, regulatory and other approvals and their timing and order mayalso be affected by weather, availability of equipment and materials and land access arrangements, including native title arrangements.Although New Standard believes that the expectations raised in this presentation are reasonable there can be no certainty that the eventsor operations described in this presentation will occur in the timeframe or order presented or at all.

No representation or warranty, expressed or implied, is made by New Standard or any other person that the material contained in thispresentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of New Standard, itsofficers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material contained in thispresentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person asa consequence if any information in this presentation or any error or omission there from. Neither New Standard nor any other personaccepts any responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or anyother information made available to a person nor any obligation to furnish the person with any further information.

It is not intended as an offer, solicitation or recommendation with respect to the purchase or sale of any securities. Prospective investorsshould make their own independent evaluation of an investment in New Standard including without limitation, seeking professional advice.

Competent Person: The information in this presentation has been reviewed by Dr Mark Hagan (BSc Hons, PhD) who is a PetroleumGeologist and Geophysicist with more than 35 years experience in the industry. Dr Hagan is a Director of New Standard Energy andconsents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 15

For more information contact:

Phil Thick, Managing Director+61 8 9481 7477info@newstandard.com.au