Trading Symbol: NWX Newport Exploration Ltd. is pleased to report that it has received its after tax 2.5% Gross Overriding Royalty payment from Beach Energy Ltd. for the three-month period November 2018 to January 2019. Gross royalty income for the period was AUD$2,048,362. The payment received by Newport of AUD$1,433,853 is net of 30% Australian withholding taxes in accordance with the Australian Tax Office [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2015) - Further to its news release of November 10, 2015, Newport Exploration Ltd. (TSX VENTURE:NWX) ("Newport" or "the Company") reports that, despite numerous requests from the Company and its counsel, Great Artesian Oil and Gas Pty Limited ("GAOG") and Beach Energy Ltd. ("Beach") have, in Newport's view, improperly and without any valid reason, refused to make the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 13, 2015) - Newport Exploration Ltd. ("Newport" or "the Company") (TSX VENTURE:NWX) is pleased to provide an update on drill results from the Western Wet Gas Fairway, Wet Gas joint venture in the Cooper Basin, Australia, (Drillsearch 50%, Beach 50% and Operator) as reported by Drillsearch Energy Limited ("Drillsearch"), which is subject to the Company's 2.5% gross overriding [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 30, 2015) - Newport Exploration Ltd. ("Newport "or "the Company") (TSX VENTURE:NWX) is pleased to provide an update on drill results and successful conversion of Exploration Licenses ("PEL's") to Production Licenses ("PRL's") in the Cooper Basin in Australia, which are subject to the Company's 2.5% gross overriding royalty. Production Retention Licenses Granted [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 4, 2014) - Newport Exploration Ltd. ("Newport" or "the Company") (TSX VENTURE:NWX) is pleased to provide a further update on the pad well program developments in the Bauer field on PEL 91 in the Cooper Basin, Australia which is subject to the Company's 2.5% gross overriding royalty. Beach Energy Ltd. ("Beach") reports that the successful Bauer drilling campaign continues to [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 3, 2014) - Newport Exploration Ltd. ("Newport" or "the Company") (TSX VENTURE:NWX) is pleased to provide a further update on developments on PEL 91 and PEL 106 in the Cooper Basin, Australia both of which are subject to the Company's 2.5% gross overriding royalty. PEL 91 Following the successful Bauer -19 development well (as reported in Company News Release dated November [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 15, 2014) - Newport Exploration Ltd. ("Newport" or "the Company") (TSX VENTURE:NWX) is pleased to report that another new oil field discovery has been made with the successful completion of the Burners-1 exploration well on PEL 91. In addition, certain parts of PEL 91, PEL 106 and PEL 107 in the Cooper Basin, Australia, that are subject to the Company's 2.5% gross overriding [...]
Newport announces the approval and adoption of a Shareholder Rights Plan. The Rights Plan was not adopted by the Board of Directors in response to, or in anticipation of, any offer or take-over bid and is not intended to prevent a take-over bid. The plan is effective immediately and will be submitted for shareholder approval at Newport's 2014 annual meeting. A complete copy of the Rights Plan will be filed on SEDAR at [...]
Mr. Ian Rozier, President of Newport, wishes to provide further information on oil and gas permits in Australia that are subject to the Company's oil and gas royalty interests. As disclosed in financial statements and various news releases since September 2002, the Company holds a 2.5% overriding royalty on several oil and gas permits in the Cooper Basin in Australia. Interested shareholders and potential investors have [...]
Mr. Ian Rozier, President of Newport, is pleased to provide information with respect to the operators on permits in Australia that are subject to the Company's oil and gas royalty interests and an update on metallurgical work conducted on core from the Chu Chua copper-gold project in British Columbia. As disclosed in financial statements and reported in various news releases since September 2002, the Company holds a 2.5 [...]
Further to its news release of February 18, 2014, Newport reports it has received final acceptance through a TSX Venture Exchange bulletin issued on March 7, 2014 and has now completed a non-brokered private placement resulting in the issuance of 20,000,000 units at a price of $0.11 per unit for gross proceeds of CAD$2,200,000. Each unit will consist of one common share and one share purchase warrant. Each warrant [...]
Newport is pleased to announce that is has arranged, subject to regulatory approval, a non-brokered private placement for gross proceeds of CAD $2,200,000. The private placement will consist of 20,000,000 units priced at CAD $0.11 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable for a period of two years from closing to acquire one common share at a price of [...]
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