New Standard Energy Limited confirmed 30-day Initial Production (IP) rates for the Peeler Ranch-5H and 6H wells, located in the company's Atascosa Project in the USA, of 417 and 374 barrels of oil per day (Boepd) respectively with oil cuts in excess of 90%, which is in line with company expectations for the wells. Up to the end of June, more than 27,000 barrels of oil equivalent (Boe) has been produced from the two, the company pleased with the results from the company's first two operated wells, especially given the current market prices for oil.