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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 RollinInDoughon May 06, 2019 10:20am
52 Views
Post# 29714424

add over 7000 bopd

add over 7000 bopdBauer 29, 30, 31, 32... forecast IP over 7000 bopd when pumps installed!  that is big stuff.... realize the royalty is, or has been on from 10K to 12K bopd.... so they add this 7000, plus the 1600 IP from Hanson 7 well.... it looks like the royalty is going up quite a bit... and with the oil price in that $95 range.  Then add in another half a mill boe from natgas that was down last qtr... and then, if this ain't enuf.... the drilling is ramping up, with a second and later this year a third rig added... two rigs to push thru more oil production and a third to drill up natgas ...

Beach wants to buy in the GOR... NWX has admitted as much... no news of this years special dividend yet... could that be related to the buyout talks between them?  Would the greegy ceo and cfo prefer to take their money out as a capital gain?   or some as dividend income?

Beach.... you got my vote, I will give ya a yes if you offer me at least 50 cents... prefer that be 60 cents for a double though.
Bullboard Posts