New Standard Energy Limited advised that Mr. Jeffrey Swanson and Mr. Greg Channon have been appointed as Non-Executive Directors of the company. Mr. Swanson brings to New Standard and its Board of Directors more than 34 years of oil and gas experience, with strong commercial and operational experience in both conventional and shale oil and gas exploration and production in the US, as well as extensive knowledge of the service provider sector. Mr. Channon is a geologist with more than 29 years of experience in the oil and gas industry and will be able to provide New Standard vast technical and operational knowledge and experience, particularly in the Cooper Basin.

M. Channon worked for Santos Ltd. for 13 years with geological responsibility for its Cooper Basin program. M. Channon is currently the Vice President of New Business at Pathfinder Energy Pty Ltd. (Pathfinder Energy). The appointment of Jeff and Greg to the New Standard Energy Board is in line with the rights to Board positions agreed with Magnum Hunter and Pathfinder Energy as part of the transaction approved by shareholders in January 2014.