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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 12, 2021 12:26pm
127 Views
Post# 33183239

RE:RE:RE:New Share Holder

RE:RE:RE:New Share Holderthis is Mr Rozier taking money out in a tax advantage way.  he is not shareholder friendly.  the oil is in serious decline and means Beach will stop drilling there and move on.  in the end the royalty pays for a few years, yes.  the mineral claim is moose pasture.  it is a low quality claim, free and clear, Rozier and the cfo used to vend into NWX for cheap shares in NWX cause they knew the oil was flowing in Oz and took advantage of that info at shareholder expense.

hold your nose owning this.
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