Newport Exploration Ltd.

Newport Exploration provides an update for licenses in the Cooper basin, Australia, over which the Company has a 2.5% gross overriding royalty . This information was reported by Beach Energy Ltd 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 [...]

Newport Exploration is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty payment from Beach Energy Ltd. 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. After receipt of its after tax GOR payment, Newport has approximately CDN$1.8 million in its Treasury [...]

Newport Exploration is pleased to report its after tax 2.5% Gross Overriding Royalty from Beach Energy Ltd. 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. 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 [...]

Newport Exploration is pleased to announce its second quarterly cash 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 [...]

Newport Exploration Ltd. provides an update for licences in the Cooper Basin, Australia, over which the Company has a 2.5% gross overriding royalty. This information was reported by Beach Energy Ltd 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 [...]

Newport Exploration is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty payment from Beach Energy Ltd. 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. Company Financial Status Newport has approximately CDN$2.5 million in its Treasury, comprised of cash [...]

Newport Exploration is pleased to provide information provided by Beach Energy Ltd regarding assets on the Western Flank of the Cooper Basin, Australia, as reported on Feb 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 and comprised 1.4 MMbbl of oil, 2.0 PJ of sales gas , 10 kt of LPG and 76 kbbl of [...]

Newport Exploration is pleased to announce its first quarterly cash dividend in 2024 and to provide details with respect to a change in the Quarterly Dividend paid to shareholders going forward. Effective December 2019 the Company's Board of Directors approved a quarterly fixed distribution $0.01 dividend. The Company enacted this policy in March 2020, with subsequent dividend payments every three months. As previously [...]

Newport Exploration provides an update for licences in the Cooper Basin, Australia, over which the Company has a 2.5% gross overriding royalty. This information was reported by Beach Energy Ltd 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 [...]

Newport Exploration is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty payment from Beach Energy Ltd. 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. Company Financial Status Newport has approximately CDN$2.8 million in its Treasury, comprised of cash [...]