Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Energy Oil & Gas E&P

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. 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 known 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 blackgold14on May 25, 2014 1:09pm

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Post# 22596373

RE:RE:added capacity should triple production/royalty to $45M /yr

that's just Bauer. You're forgetting the huge production coming from PEL 106 - natural gas wells just awaiting tie-in. In 2 years, no doubt overall PEL 91, 106, etc. (permits covering the royalty NWX receives) production will double at least, if not triple, over the next two years. Just look at the track record for discoveries and shut-in production currently awaiting tie-in. If you're not happy as a shareholder, sell your stock. I and others will be more than happy to pick it up.

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