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 First Quarter Activities Report dated 25 October 2023. Production Highlights of the first quarter production from the Western Flank as reported by Beach are as follows: Production from the Western Flank was 1.0 [...]
Newport Exploration announces that, effective Sept 22nd, 2023, Saturna Group, Chartered Professional Accountants LLP have been appointed as the Company's auditor until the next annual general meeting of the Company. Saturna Group replaces KPMG LLP as the Company's auditor. About Newport Newport has a 2.5% Gross Overriding Royalty over permits in the Cooper Basin, Australia, operated by Beach Energy Ltd. There is no time [...]
Newport Exploration is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty payment from Beach Energy Ltd. 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. Company Financial Status Newport has approximately CDN$3.2 million in its Treasury, comprised of cash, cash [...]
Newport Exploration provides an update on operations and reserves 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 2023 Annual Report and FY23 Results Presentation, both dated 14th August 2023. Beach reports on the Western Flank, which includes ex PEL's 91, 106 and 107, and PRL 26 which are subject to the [...]
Newport Exploration is pleased to announce its third quarterly cash dividend in 2023 of $0.01 per share to its shareholders of record at the close of business on August 25th, 2023. The Dividend payment date is Sept 12th, 2023. 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 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 FY23 Fourth Quarter Activities Report dated 26 July 2023. Production Highlights of the fourth quarter production from the Western Flank as reported by Beach are as follows: Production from the Western Flank was 1.0 MMboe [...]
Newport Exploration Ltd. is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty payment from Beach Energy Ltd. for the February 2023 - April 2023 quarter. Gross royalty income for the quarter was AUD$1,313,725. The AUD$919,608 payment received by Newport is net of 30% Australian withholding tax. Company Financial Status Newport has approximately CDN$3.8 million in its Treasury, comprised of cash [...]
Newport Exploration Ltd. is pleased to announce its second quarterly cash dividend in 2023 of $0.01 per share to its shareholders of record at the close of business on May 26th, 2023. The Dividend payment date is June 12th, 2023. 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 [...]
Newport Exploration Ltd. provides a disclosure update. It has come to the Company's attention that certain information contained in the "Key Data" section of the Company's page on the TMX Money website, as maintained by the TMX independently of the Company, is incorrect. The Site erroneously states that the next expected dividend date for the Company is November 22, 2024, notwithstanding that the same Site correctly [...]
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 FY23 Third Quarter Activities Report dated 13 April 2023. Production Highlights of the third 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 Nov 2022 - Jan 2023 quarter. Gross royalty income for the quarter was AUD$1,538,314. The AUD$1,076,820 payment received by Newport is net of 30% Australian withholding tax. Company Financial Status Newport has approximately CDN$4.4 million in its Treasury, comprised of cash, 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 February 13th, 2023 in their FY23 Half Year Results. In a News Release dated February 1st, 2023, the Company made reference to Beach's FY23 Second Quarter Activities Report for the period ended December 31st, 2022. Production Beach's First Half FY23 [...]