Newport Exploration Ltd V.NWX

18% div at $.44

[canon12345]

The dividend should be maintainable at $.02 given the current price of Brent. I would not expect a year end bump as has happened in the past, instead it should be a flat $.02 a quarter. The concern here is the recent downgrade of 2p reserves by Beach. The upside that no one seems to talk about is that there is still a lot of prospective acerage that multiple new pools may be found on the GOR lands. The company also has a copper property in B.C. that becomes interesting with the recent run up in copper prices. The great thing here is collecting a dividend far superior to market average while waiting to see if Ian has other news to propel the stock higher.

[WCWiteration3]

there is no plan B.  the copper/gold property is just what they used to get them two a whack of cheap NWX shares.  there is no value in that property.  the o&g exploration will drop to next to nothin'.  this play is done, the Bauer Field was a jewel, it is done, winding down.  costs go up production goes down until they shut it in. you got a stock with a nickle in

[jsnfernley]

A question for you, WCW: How do you know that Ian had an offer for $50m for the O&G royalty? If it was a formal offer NWX had an obligation to report it.

[canon12345]

Don't worry he has no idea if you have question contact Ian directly. When he says that Chu Chua has no interest you can either believe his drivel or why not email Ian or contact him with your questions.

[WCWiteration3]

ok cannon go on thinkin that moose pasture has value.  if you look at the records of money spent there by NWX you might think it is not worth spending money on.  a new mine?  shake yer head buddy.  nwx is a retirement, slush fund for Rozier.  Remember when they issued those shares to the ceo and cfo for the BC lands.. it was a parcel they bought for little.  they