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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

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

Bullboard Posts
Post by oilconsultanton Mar 01, 2017 10:30am
63 Views
Post# 25911731

Beach out with monthly drill report for Feb

Beach out with monthly drill report for Febonly 2 relevant notes..

we knew Crokery-1 was a gas find that had completion issues.  It looks like a nice gas well, they will have to remediate the well as some equipment got stuck in the bore.

second,... Dandy-1 was drilled also on pel106.  looking for gas, they report gas signs in the well but no commercial flow.  That well is plugged and abandoned.

A third gas well on pel106 is drilling ahead.

nothing done on pel 91.
Bullboard Posts