Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

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.

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Newport Exploration Ltd

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Comment by jsnfernleyon Aug 30, 2016 5:38pm

64 Views

Post# 25192972

RE:own it for the kangaroo drill

I would really like to know how you came to the conclusion that NWX is a potential 20 bagger.

The presentation indicates that the water cut averages 85%, and that is why they are going to expand processing capacity again (because it is presently close to tapped out).

Is the Birkhead going to give oil with no water to cut? We could shut in the smaller wells with high water cut and just pump oil to increase revenues, but what if there is substantial water cut?

I really don't understand how you can claim a potential 20 bagger. Please explain.

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