Trading Symbol: NWX (TSX-V) 

VANCOUVER, BC, Sept. 3, 2024 /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 2024 – July 2024 quarter. Gross royalty income for the quarter was AUD$876,198. The AUD$613,339 payment received by Newport is net of 30% Australian withholding tax (AUD$262,859).

Company Financial Status

Newport has approximately CDN$2 million in its Treasury, comprised of cash, cash equivalents and short-term investments. As announced on August 9th, 2024, the Company has decided … Continue Reading

Trading Symbol: NWX (TSX-V)                                                       

VANCOUVER, BC, Aug. 9, 2024 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) provides an update with respect to a change in its Quarterly Dividend Policy.

Effective December 2019 the Company’s Board of Directors (“the Board”) approved a quarterly fixed distribution of $0.01 per share. The Company enacted this policy in March 2020, with subsequent dividend payments every three months. As previously disclosed, the Company reserved the right to change the dividend payment from time to time, which it has done on occasion. The Company’s Special Dividend and Quarterly Dividend History is available … Continue Reading

Trading Symbol: NWX (TSX-V)                                                       

VANCOUVER, BC, June 21, 2024 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) provides an update for 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 a recent “Strategic Review Outcomes Presentation” that covered Beach’s entire Australian operations.

In the Presentation Beach propose a “Refresh” of their strategic plan which includes their plans for their Western Flank oil exploration projects and the potential for a drilling campaign in FY26, the Western Flank is … Continue Reading

Trading Symbol: NWX (TSX-V) 

VANCOUVER, BC, June 14, 2024 /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 February 2024 – April 2024 quarter. Gross royalty income for the quarter was AUD$1,034,780. The AUD$724,346 payment received by Newport is net of 30% Australian withholding tax (AUD$310,434).

After receipt of its after tax GOR payment, Newport has approximately CDN$1.8 million in its Treasury, comprised of cash, cash equivalents and short-term investments.

About Newport

Newport has a 2.5% … Continue Reading

Trading Symbol: NWX (TSX-V) 

VANCOUVER, BC, June 11, 2024 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to report its after tax 2.5% Gross Overriding Royalty (“GOR”) from Beach Energy Ltd. (“Beach”) for the February 2024 – April 2024 quarter. Gross royalty income for the quarter was AUD$1,034,780 and is subject to 30% Australian withholding tax (AUD$310,434).

As reported by Beach, and in a Company news release dated April 25, 2024, Western Flank oil production during this quarter was negatively impacted by extensive rain.  Early April rains were expected to impact oil production for approximately … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, BC, May 10, 2024 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to announce its second quarterly cash dividend (“the Dividend”) in 2024 of $0.005 per share to its shareholders of record at the close of business on May 27th, 2024. The Dividend payment date is June 11th, 2024.

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.

About Newport

Newport has a 2.5% Gross Overriding Royalty (“GOR”) over permits … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, BC, April 24, 2024 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) provides an update for licences 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 FY24 Third Quarter Activities Report dated 24 April 2024.

Production

Highlights of the third quarter production from the Western Flank as reported by Beach are as follows:

Production from the Western Flank was 797 kboe, 10% below the prior quarter (Note: Western Flank includes the … Continue Reading

Trading Symbol: NWX (TSX-V) 

VANCOUVER, BC, March 5, 2024 /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 November 2023 – January 2024 quarter. Gross royalty income for the quarter was AUD$1,368,519. The AUD$957,963 payment received by Newport is net of 30% Australian withholding tax (AUD$410,556).

Company Financial Status

Newport has approximately CDN$2.5 million in its Treasury, comprised of cash, cash equivalents and short-term investments. As announced on February 12th, 2024, Newport’s first quarterly dividend … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, BC, Feb. 14, 2024 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to provide information provided by Beach Energy Ltd (“Beach”) regarding assets on the Western Flank of the Cooper Basin, Australia, as reported on February 12th, 2024 in their FY24 Half Year Results.

Production

Beach’s First Half FY24 production from the Western Flank was 1.9MMbbl, 3% below the prior corresponding period (First Half FY23: 2.0 MMboe) and comprised 1.4 MMbbl of oil (+5%), 2.0 PJ of sales gas (-19%), 10 kt of LPG (-19%) and 76 kbbl of … Continue Reading

Trading Symbol: NWX (TSX-V)

VANCOUVER, BC, Jan. 26, 2024 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) provides an update for licences 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 FY24 Second Quarter Activities Report dated 25 January 2024.

Production

Highlights of the second quarter production from the Western Flank as reported by Beach are as follows:

Production from the Western Flank was 0.9 MMboe, 12% below the prior quarter (Note: Western Flank includes the … Continue Reading

Trading Symbol: NWX (TSX-V) 

VANCOUVER, BC, Dec. 6, 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 August 2023 – October 2023 quarter. Gross royalty income for the quarter was AUD$1,503,903. The AUD$1,052,732 payment received by Newport is net of 30% Australian withholding tax (AUD$451,171).

Company Financial Status

Newport has approximately CDN$2.8 million in its Treasury, comprised of cash, cash equivalents and short-term investments. As announced on November 10th, 2023, Newport’s fourth quarterly dividend … Continue Reading

Trading Symbol: NWX (TSX-V)

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).

Company Financial Status

Newport has approximately CDN$3.2 million in its Treasury, comprised of cash, cash equivalents and short-term investments. As announced on August 10th, 2023, Newport’s third quarterly dividend … Continue Reading