Trading Symbol: NWX (TSX-V)

VANCOUVER, BC, Dec. 11, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to announce the payment of its fourth quarterly cash dividend (“the Dividend”) in 2020 of $0.03 per share to its shareholders of record at the close of business on November 26, 2020. As previously disclosed, the Company proposes to continue with the payment of quarterly dividend distributions, with the next payment scheduled for March, 2021.

Annual Dividend and 2020 Share Price Performance

The $0.01/share dividend paid in September 2020 and the $0.03/share dividend paid today will … Continue Reading

Trading Symbol: (TSX-V: NWX)

VANCOUVER, BC, Dec. 1, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to report its after tax 2.5% Gross Overriding Royalty (“GOR”) payment from Beach Energy Ltd. (“Beach”) for the August to October 2020 quarter.

Gross royalty income for the quarter was AUD$2,692,836. The AUD$1,884,985 payment received by Newport is net of 30% Australian withholding taxes (AUD$807,851).

Newport has approximately CDN$8.6 million in its Treasury, comprised of cash, cash equivalents, and short-term investments, with no debt. As announced on November 12th, 2020, Newport’s fourth quarterly dividend payment date is December … Continue Reading

Trading Symbol: (TSX-V: NWX) 

VANCOUVER, BC, Nov. 12, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to announce its fourth quarterly cash dividend (“the Dividend”) in 2020 of $0.03 per share to its shareholders of record at the close of business on November 26, 2020. The Dividend payment date is December 11, 2020.

The Dividend, fully approved by the Board of Directors, is not subject to any changes and has been designated as an “eligible dividend” for Canadian income tax purposes.

Increased Dividend

As discussed in a Company News Release dated August 12, 2020… Continue Reading

Trading Symbol: (TSXV: NWX)

VANCOUVER, BC, Aug. 20, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to provide an update on operations and reserves on licenses in the Cooper Basin, Australia over which the Company has a 2.5% gross overriding royalty (“GOR”). This information was reported by Beach Energy Ltd (“Beach”) (ASX: BPT) in news releases dated 17th August, 2020, and reference should be made to their website for guidance.

Beach reports on the Western Flank, which includes ex PEL’s 91, 106 and 107, and PRL 26 which are subject to the Company’s GOR, as … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, Aug. 12, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to announce its third quarterly cash dividend (“the Dividend”) of $0.01 per share to its shareholders of record at the close of business on August 26th, 2020. The Dividend payment date is September 10th, 2020.

The Dividend, fully approved by the Board of Directors, is not subject to any changes and has been designated as an “eligible dividend” for Canadian income tax purposes.

The COVID-19 pandemic exacerbated the ill-timed oil price war in early 2020 that resulted in … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, June 2, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to report its after tax 2.5% Gross Overriding Royalty (“GOR”) payment from Beach Energy Ltd. (“Beach”) for the February to April 2020 quarter.

Gross royalty income for the quarter was AUD$3,364,809. The AUD$2,355,366 payment received by Newport is net of 30% withholding taxes (AUD$1,009,443) in accordance with the Australian Tax Office.

With the success of the drilling programs conducted by Beach for both oil and gas permits over which the Company holds its 2.5% GOR, and its low cost of … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, May 13, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to announce its second quarterly cash dividend (“the Dividend”) of $0.01 per share to its shareholders of record at the close of business on May 28th, 2020. The Dividend payment date is June 10th, 2020.

The Dividend, fully approved by the Board of Directors, is not subject to any changes and has been designated as an “eligible dividend” for Canadian income tax purposes.

Management believes that based on Beach Energy Ltd.’s (“Beach”) recent exploration success, development of the … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, March 30, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or the “Company”) is pleased to provide shareholders and investors with an update on its quarterly dividend payment schedule as a result of recent global activity in the oil markets. As the Company’s Gross Overriding Royalty (“GOR”) business model relies upon the operations of Beach Energy Ltd (“Beach”) in Australia, the Company is also providing a summary of a news release made by Beach dated March 27th, 2020.

The economic shut down from COVID-19 has resulted in a reduction in demand for crude … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, Feb. 11, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to report on highlights of Beach Energy Ltd.’s (“Beach”) Report for the Half Year ended 31st December, 2019, as reported in a news release by Beach on 11th February, 2020.  The highlights reported in this news release relate to production and drilling activities on licenses in the Cooper Basin, Australia over which the Company has a 2.5% Gross Overriding Royalty (“GOR”).

Beach Report – Highlights

Beach drilled 20 oil development wells on ex PEL 91, with a 100% success rate.… Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, Feb. 10, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to announce, its first quarterly cash dividend (“the Dividend”) of $0.01 per share to its shareholders of record at the close of business on February 24th, 2020.  The Dividend payment date is March 9th, 2020. 

The Dividend, fully approved by the Board of Directors, is not subject to any changes and has been designated as an “eligible dividend” for Canadian income tax purposes.

Management believes that based on Beach Energy Ltd.’s (“Beach”) recent exploration success and development of … Continue Reading

TWO LOWRY WELLS CONNECTED.
100% SUCCESS RATE FROM DRILLING IN EX PEL 91.
ARNO-3 WELL SUCCESSFUL.

Trading Symbol: NWX (TSX-V)

VANCOUVER, Jan. 29, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to provide an update on production and drilling activities on licenses in the Cooper Basin, Australia over which the Company has a 2.5% gross overriding royalty (“GOR”). This information was reported by Beach Energy Ltd (“Beach”) (ASX: BPT) in its FY2020 Second Quarter Activities Report dated 29th January, 2020.

Production

Beach report that their quarterly oil production from ex PEL 91 increased 16%, with … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, May 1, 2019 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to provide an update on production and drilling activities on permits and licences in the Cooper Basin, Australia over which the Company has a 2.5% gross overriding royalty (“GOR”). This information was released by Beach Energy Ltd (“Beach”) (ASX: BPT) in their Quarterly Report for the period ended 31 March 2019, dated 30thApril 2019, and in a news release dated 1stMay 2019.    

PRODUCTION

Beach report that ex PEL 91 oil production increased by 12% to … Continue Reading