07/08/2008 - 13:58

Hawk Resources to change name

07/08/2008 - 13:58

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West Perth-based Hawk Resources Ltd will start trading as New Standard Energy Ltd tomorrow after finalising the acquisition of oil and gas assets in the Canning Basin.

Hawk Resources to change name

West Perth-based Hawk Resources Ltd will start trading as New Standard Energy Ltd tomorrow after finalising the acquisition of oil and gas assets in the Canning Basin.

In May, Hawk reached agreement to acquire all of the issued capital in exploration company New Standard Energy, which held the Canning Basin assets.

Last month Hawk raised $7.5 million pursuant to its prospectus which closed oversubscribed.

Hawk said it had been advised by the Australian Securities Exchange that all re-quotation requirements have now been satisfied.

"As a result, New Standard Energy Ltd will be officially re-quoted on ASX from the commencement of
trading tomorrow, Friday 8 August 2008 under the new ASX code of 'NSE'," Hawk said.

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