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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

Comment by WCWiteration3on May 06, 2021 11:22am
127 Views
Post# 33140703

RE:New Share Holder

RE:New Share Holderdo some dd fella, this one is in trouble.  their royalty on those oil and gas fields?  their only asset is in a death spiral.  do some dd before buying in.  ya wanna play oil and gas then pony up and buy a good one.  nva might be best short term as it has a 12 well pad coming on.

nwx is so bad for so many reasons.. like the ceo and cfo who loaded up on cheap shares before we knew who good Bauer discovery was.  I think he knew a lot yet used it to buy shares at the low ball price   a scoundrel.  now they tell you all their fields are not as good as hoped for and maybe uneconomic, yikes, not the news to BUY on fella.
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