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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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Comment by oilconsultanton Oct 27, 2016 10:57am
43 Views
Post# 25392406

RE:Beach's Quarterly report out.

RE:Beach's Quarterly report out.pel91 production up a bit @ 11800 bopd... Bauer 23 and Hanson well added to flow line.

oil prices were down last qtr...

gas production also up...



net, net... the same royalty payment expected.

big news, of course, is exploration success... especially at Kangaroo !, they now say after reviewing results they will drill the two follow up locations they have previously shown on a slide from another earlier release... these will be 2 Birkhead targets but into  seperate reservoirs  High probablity of success there.

all very positive and is showing continued reason to own NWX.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities