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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.


TSXV:NWX - Post by User

Newport Exploration Ltd
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Post by oilconsultanton Oct 11, 2016 10:38am
65 Views
Post# 25330418

from Beach re: new oil find, an important disclosure...

from Beach re: new oil find, an important disclosure...... following this important discovery we shall further access our FY17 drilling progam and capital expenditures...

yep "important discovery"  says a lot about this new oil pool..

Rarely does Beach put out an announcement like this... they always put news of these drills into the monthly drill reports  put out in the fist week of the following month... this is different, this indicates the need they feel to disclose.. it is a significant change in the prospects of the company.

NWX gets a free ride!  are you kiddin?  LOL.. this is some deal for NWX... get a free ride, get 2.5% of anything produced, for free!
Bullboard Posts
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