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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 JayBankson May 10, 2021 7:47am
82 Views
Post# 33163450

RE:RE:RE:RE:New Share Holder

RE:RE:RE:RE:New Share HolderI have and mentioned that I did as I did not find buisness expenses that high.

Now I'm not a fiscal analyst by any stretch of the imagination and I can only take numbers as face value and I do recognize the reduced net income reported by 1/3 and some increased expenditure else where... but I've seen similar swings on other royalty plays that are considered 'safe' as sometimes royaltys can be lumpy when received and there's been some movement in other aspects of the finacial flow so these aren't throwing me red flags. If there is red flags here, please do point them out rather than just asking a broad question of "if I've read the statements" as that response is not very constructive for passing information along. I'm very open to listening and seeing the information others present.
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