Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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
Comment by RollinInDoughon Aug 22, 2019 10:41am
24 Views
Post# 30054654

RE:Great future ahead

RE:Great future aheadas this relates to the GOR

in the Beach year end, it was just June ... Beach reported 5.2 million barrels of oil off the Western Flank.... almost all that is subject to the GOR.... maybe 5% ain't... just a bit off pel92 and maybe some gas...

no matter...as I said 5.2 million barrels last year.... Beach is predicted that to rise to 7 million barrels... that is big increase!  If they outperform, it could be a 50% increase in the oil that we get out 2.% from... so if production and sales go up, our GOR goes up,....

a lot, obvioulsy depends on the oil price, which is offf Brent pricing...  expect somewhere in the $65 Cdn Net in the end... if oil goes up 20% in price... well adjust that $65 up... or vise- versa..

what then was a $10 mill payment this last year, could go to 15 mill on higher sales... and maybe a boost in Brent price?  if the stars align in the oil market... thw sky is the limit and Beach knows better than I... they want to buy this GOR and Rozier would prefer to collect his fat... FAT... payments from NWX... so sad, pitiful excuse... that is NOT in the best interest of shareholders that you collect that FAT... FAT... payment for simply getting a GOR payment once a qtr!  grow the hell up... please act like a grown up... lol
Bullboard Posts