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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

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

Post by schocoron Sep 25, 2019 2:52pm
83 Views
Post# 30164080

Australian oil - tag oil tao- 50 cents cash - 40 cent stock

Australian oil - tag oil tao- 50 cents cash - 40 cent stock Check out tag oil. This comoany has 50 cents cash in the bank no debt, a 2.5% royalty on new zealand production and exploration potntial in australia. It trades at .40. This is steal of a deal. The dividend here is good, but the return of capital payout that tag will do it is clearly a better investment eith lower ridk (cash in bank). 
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