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* Standard Lands Highlighted in Orange
* Farm-in Lands Highlighted in Red

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).