Newport Exploration (TSE:NWX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Newport Exploration Ltd. provided an operational update, revealing a 12% decline in annual production from the Western Flank, attributed to natural declines and weather-induced interruptions. However, reserves remain substantial with 5.9 MMboe of oil and 1.9 MMboe of gas in proven reserves, and plans for FY25 are focused on countering the natural decline.
For further insights into TSE:NWX stock, check out TipRanks’ Stock Analysis page.
