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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Post by fumperbunon Aug 28, 2014 11:03am

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Post# 22886049

More News Today - Drillsearch Release Yesterday August 27

Should hopefully see more news this afternoon. Drillsearch released production updates yesterday as well as future guidance . A few things to note from Drillsearch release. Santos spending $120 million across PELs 513 and 632; Drillsearch remains fully carried for the farm-in period. and Karrata-1 gas well being drilled in PEL 91 as part of Western Wet Gas program and The 2P Reserves figure does not include the results of the successful Balgowan-1 exploration well drilled in PEL 91 in August 2014.

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