Standard Exploration Ltd
TSX VENTURE : SDE

November 25, 2010 18:03 ET

Standard Exploration Ltd. Files Second Quarter Financials and Operational Update

CALGARY, ALBERTA--(Marketwire - Nov. 25, 2010) - Standard Exploration Ltd. (the "Corporation") (TSX VENTURE:SDE), is pleased to announce it has filed on SEDAR its unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the three and six month periods ending September 30, 2010. The Corporation's financial statements and the related MD&A can also be viewed at our new website www.standardexploration.com or www.sedar.com.

OPERATIONAL UPDATE

The Chin Coulee 13-27 Battery Construction Project came on-stream in early November as planned and budgeted. Four Sawtooth pumping oil wells and a water disposal well were pipelined into the 13-27 facility. The facility has a licensed capacity to treat 700 STB/d of effluent and has the capacity to dispose of 1800 bbl/d of water. Prior to the construction of the battery, the company drilled, cased and completed a well for Sawtooth oil Production. Chin Coulee is a 100% working interest property and is currently producing 110 bbl/d of oil.

The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public filings may be found at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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