New Standard Energy Limited

Asian Activities Report for July 25, 2011 includes: Agri Energy Limited (ASX:AAE) has commenced drilling operations in Syria; Pan Pacific Petroleum NL (ASX:PPP) announced preliminary assessment of the reserves of the Tui oil fields; ZYL Limited (ASX:ZYL) announced additional significant coal intersections at the Kangwane Anthracite Project; Green Rock Energy Limited (ASX:GRK) increases its hydrocarbon footprint in the Canning Basin; POSCO (SEO:005490) and SK Innovation (SEO:096770) will jointly develop first coal conversion technology in Korea; Inditex Group (MCE:ITX) and Trent Limited (BOM:500251) have reached a joint venture agreement; Mahindra and Mahindra Limited (BOM:500520) has offered to acquire up to 34,51,613 EPC Industries (BOM:523754) shares.

Burleson Energy Limited (ASX:BUR) is pleased to advise that based on the results of the two recently drilled Heintschel field appraisal wells (D. Truchard #1 and Heintschel #2), Burleson Energy's US partner and operator, AKG Energy, has re-calculated the volume estimates for gas and condensate in the Heintschel field resulting in substantial increases.

Burleson Energy Limited (ASX:BUR) (PINK:BENGF) is pleased to advise that the Heintschel #2, a step-out development well on the Heintschel field, was connected on 19 February 2011 (Texas time) to a sales pipeline and has been producing gas and condensate at commercial rates. A further release will be made once the flow rates have stabilised.

Burleson Energy Limited (ASX:BUR) advise that the D Truchard #1, a step-out appraisal well on the Heintschel field, was connected on 8 February 2011 (Texas time) to a sales pipeline and has been producing gas and condensate at commercial rates.

Burleson Energy Limited (ASX:BUR) (PINK:BENGF) is pleased to advise that the initial flow back testing phase has been completed for the D.Truchard #1 and Heintschel #2 wells, with both wells testing at commercial rates. Stabilised flow rates have not yet been achieved however both wells flowed gas at rates of between 1 and 1.7 million cubic feet of gas per day plus 20 to 60 barrels of condensate.

Burleson Energy Limited (ASX:BUR) advise that the D.Truchard #1 and Heintschel #2 appraisal/development wells on the Heintschel field have been fracced, as planned, on 24 and 25 January (Texas time), respectively.

Burleson Energy Limited (ASX:BUR) is pleased to advise that preparations are underway for fracture stimulation (fraccing) of the two recently drilled wells on the Heintschel field: D Truchard #1 and Heintschel #2.

Burleson Energy Limited (ASX:BUR) (PINK:BENGF) is pleased to advise that preliminary electric logging of the Heintschel #2 well has been completed and has confirmed the presence of hydrocarbons in the target Prairie Bell sands as well as additional potential in sands located lower in the bore hole.

Burleson Energy Limited (ASX:BUR) is pleased to advise that the Heintschel # 2 well has been drilled to a final total depth of 11,900 feet (~3627 metres). The well is part of an appraisal program of the Heintschel field, which was discovered by Burleson and its partners in Colorado County, Texas, in 2010.

Burleson Energy Limited (ASX:BUR) is pleased to advise that the Heintschel # 2 well commenced drilling over the Christmas period and as at 6am Texas time was drilling ahead at a depth of 3,300 feet (~1,006 metres).