Newport Exploration Ltd NWXPF

Primary Symbol: V.NWX

Metals & Mining Industrial Metals & Minerals

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.

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Newport Exploration Ltd > Well now there is some news I’ll accept as ‘positive’

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Comment by jsnfernleyon May 10, 2022 1:47pm

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Post# 34671144

RE:Well now there is some news I’ll accept as ‘positive’

The rate of decline for oil production from quarter to quarter has slowed, but it still doesn't change the fact that Beach's Western Flank oil production is down 61% from its peak, and 37% from Q4 2020 production.

The high oil price is the only thing helping you at this point, but that will only last until the next recession.

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