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Newport Exploration Ltd NWXPF


Primary Symbol: V.NWX

Newport Exploration Ltd. is a Canada-based company, which has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. The Company holds a 2.5% gross overriding royalty (GOR) on several permits in Australia. These include permits being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both Australian oil and gas producers. The Cooper Basin is an onshore oil and gas development area. The Company’s Chu Chua is located approximately 30 kilometers (km) north of Kamloops, British Columbia, with access and infrastructure. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Comment by WCWiteration3on May 06, 2021 11:22am
104 Views
Post# 33140703

RE:New Share Holder

RE:New Share Holderdo some dd fella, this one is in trouble.  their royalty on those oil and gas fields?  their only asset is in a death spiral.  do some dd before buying in.  ya wanna play oil and gas then pony up and buy a good one.  nva might be best short term as it has a 12 well pad coming on.

nwx is so bad for so many reasons.. like the ceo and cfo who loaded up on cheap shares before we knew who good Bauer discovery was.  I think he knew a lot yet used it to buy shares at the low ball price   a scoundrel.  now they tell you all their fields are not as good as hoped for and maybe uneconomic, yikes, not the news to BUY on fella.
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