SOUTHERN ALBERTA DEVELOPMENT
Standard Exploration Ltd. is engaged in the exploration, development, acquisition, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin, primarily within Alberta, with a focus on Southern Alberta.
On October 1, 2013 Standard completed the acquisition of all of the issued and outstanding shares of Penco Oil and Gas Ltd., a private company.
Penco's oil and gas assets consisted of a small producing oil property and undeveloped mineral leases in southern Alberta.
In addition, Standard has a multi-section farm-in agreement with a large industry partner. These lands, located north-west of Lethbridge, are prospective for medium gravity sweet oil, on which Standard has near-term plans for an active drilling program (click map to the right).