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.
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.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.