Newport Exploration (TSE:NWX) has released an update.
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Newport Exploration Ltd has updated stakeholders on its 2.5% gross overriding royalty interests in the Cooper Basin, Australia, operated by Beach Energy Ltd, revealing Beach’s strategic plan refresh and potential for a drilling campaign in FY26. Despite a projected natural field decline in the Western Flank oil production for FY25, Newport is considering its future dividend options based on actual GOR revenues. The company, which is not involved in operations, encourages shareholders to follow updates from Beach and Santos Ltd for information on exploration and production activities related to its GOR.
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