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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

Comment by frankmanon Feb 11, 2021 10:00am
126 Views
Post# 32536657

RE:RE:RE:RE:Back to .01 dividend. That sucks.

RE:RE:RE:RE:Back to .01 dividend. That sucks.I agree with you on oil prices increasing. The dividend use to be a lot higher and the treasury keeps growing. He just chopped the dividend for no reason. I have told him we don’t mind a reduction of dividend IF he had another project going. He has told me he is happy with standing pat but has been looking. Other oil assets are rising in value again and company still standing pat on aquiring other projects. Window of undervalued  assets to aquire are decreasing. Hope this changes. 
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