Nov 13 (Reuters) - Standard Exploration Ltd SDE.V :
* STANDARD EXPLORATION LTD. ANNOUNCES RECAPITALIZATION FINANCING, NEW MANAGEMENT TEAM AND BOARD OF DIRECTORS AND GULF COAST STATES STRATEGIC ACQUISITION
* STANDARD EXPLORATION - ENTERED INTO A DEFINITIVE REORGANIZATION AND INVESTMENT AGREEMENT WITH IAN ATKINSON, CALVIN YAU, CHRIS BIRCHARD AND GARY MCMURREN
* STANDARD EXPLORATION - ALSO ENTERED INTO AGREEMENT TO ACQUIRE ALL OF LTD PARTNERSHIP UNITS OF GULF PINE ENERGY PARTNERS, LP FOR USD$24.4 MILLION
* STANDARD EXPLORATION - NEW MANAGEMENT TEAM WILL BE LED BY IAN ATKINSON AS PRESIDENT AND CEO
* STANDARD EXPLORATION - CALVIN YAU WILL BE VICE PRESIDENT, FINANCE AND CHIEF FINANCIAL OFFICER