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Bullboard - Stock Discussion Forum Newport Exploration Ltd NWXPF


Primary Symbol: V.NWX

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

TSXV:NWX - Post Discussion

Newport Exploration Ltd > Dividend halved
View:
Post by rad10 on May 17, 2024 5:38am

Dividend halved

Half a cent declared.

These shares don't owe us much.
Comment by jsnfernley on Jul 04, 2024 4:58pm
Could you please defne what you mean by "These shares don't owe us much"? Management is paying itself $80k a month, directors fees are $7.5k a month.  For what?  Cashing checks every quarter?  Complex lease accounting for the office space rent? Travel expense over $100k per year.  For what? It now takes two quarters of royalties to pay for the annual blue chip ...more  
Comment by jsnfernley on Jul 24, 2024 12:02am
Thanks for clarifying your statement rad10. Oil production on Beach's Western Flank is now down 75% from the peak in 2020.  Nat gas, LPG, and condensates production are all down +60% from their peak. Beach's "refresh" is probably more like "let's not spend anything until we see if anything will work."  Most of the FY24 holes were duds.  There's ...more  
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