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Newport Exploration Ltd NWXPF


Primary Symbol: V.NWX

Metals & Mining Industrial Metals & Minerals
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

Newport Exploration Ltd
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(1961)
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Post by Betteryear2on Nov 09, 2021 2:11pm
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Post# 34105859

Doubles Fourth Quarterly Cash Dividend of 2021

Doubles Fourth Quarterly Cash Dividend of 2021

"With the high oil price having remained fairly stable over the last production quarter, and with Beach planning to drill at least three horizontal wells on our GOR leases, we feel confident enough in the future to reward shareholders with a third double dividend this calendar year", stated Ian Rozier, President and CEO of Newport.

 
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