Bullboard - Stock Discussion Forum 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... see more

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Newport Exploration Ltd > NEWPORT RECEIVES AUD$1,279,749 (GROSS)/AUD$895,824 (NET)

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Post by Betteryear2 on Sep 01, 2023 2:30pm

NEWPORT RECEIVES AUD$1,279,749 (GROSS)/AUD$895,824 (NET)

VANCOUVER, BC, Sept. 1, 2023 /CNW/ - Newport Exploration Ltd ("Newport" or "the Company") is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty ("GOR") payment from Beach Energy Ltd. ("Beach") for the May 2023 – July 2023 quarter. Gross royalty income for the quarter was AUD$1,279,749. The AUD$895,824 payment received by Newport is net of 30% Australian withholding tax (AUD$383,925).

NEWPORT RECEIVES AUD$1,279,749 (GROSS)/AUD$895,824 (NET) QUARTERLY ROYALTY PAYMENT (newswire.ca)

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