News. News Release
Jul 11, 2016
GAS PRODUCTION COMMENCES AT PRL 26 (UDACHA).
Vancouver, British Columbia, July 11th, 2016. Newport Exploration Ltd ("Newport" or "the Company") is pleased to report on the first gas production from the Udacha-1 well on PRL 26 (Udacha) (ex-PEL's 91 and 106), located in the Cooper Basin, Australia and subject to the Company's 2.5% gross overriding royalty.
"The Udacha-1 well has been tied back as a producing well to the Middleton production facility. Initial production is expected to stabilize at 1.0 MMscfd, increasing to 1.6 MMscfd once compression is available at Middleton in early 2017", as reported by Rawson Resources Ltd ("Rawson") (10% interest, Beach Energy ("Beach") 90% interest/operator) on July 8th, 2016.
The Company continues to strongly encourage shareholders and potential investors to access information released independently by Beach, Santos Ltd and Rawson in order to keep current during the exploration and development and production of the licenses applicable to the Company's gross overriding royalty.
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