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 oilconsultanton Jan 23, 2017 1:52pm

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Post# 25742470

watch for qtrly from Beach this week

2nd qtr should be out soon.

we should hear news on drilling follow up to kanagroo discovery. that well will flow in q3 and in q3 Beach should be drilling 2 follow up wells.

looking out another qtr, some big news will flow.. This qtr will see gas slaes peak... with their storage run down. news from oil will be looking ahead as the Baur upgrade should increase oil in q3 as well. this might be a mundane qtr but q3 will be of big interest to me

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