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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
Comment by RollinInDoughon Sep 16, 2019 1:33pm
105 Views
Post# 30131950

RE:As expected here is the payment to shareholders

RE:As expected here is the payment to shareholdersI expected a nickle... they could pay a dime... but hopefully at least this gets some eyes on this stock... simply so cheap and it is a world class asset... going to 20K of oil per day June to June time frame... 20K would be a 50% increase over last 12 months... if oil goes up this becomes stinkin' cheap... but a great oil area, run by Beach Energy, who are excelllent and they are spending there... a big part of their plan.. grow that cheap oil from the western flank!... 

a GOR at no cost, no expiry... and Beach would buy the GOR back in a second.. but our ceo has great gig here.. big pay, little work... lol...  so this 6 cents is a step up... and as next years bigger oil flow comes in... more cash for next year... or to entice a bid from Beach... maybe a hostile one...
Bullboard Posts