Business
BEACH ENERGY'S Q2 ACTIVITIES REPORT EXPANDED DRILLING PROGRAM, SEVERAL WELLS TO BE DRILLED
Newport Exploration Ltd ("Newport" or "the Company") provides an update for licences in the Cooper basin, Australia, over which the Company has a 2.5% gross overriding royalty ("GOR"). This information was reported by Beach Energy Ltd ("Beach") (ASX: BPT) in its FY26 Second Quarter Activities Report dated 21 January 2026.
About this update from Beach Energy Limited
[{"type":"text","content":"Trading Symbol: NWX (TSX-V) ","length":32,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC, Jan. 21, 2026 /CNW/ - Newport Exploration Ltd ("Newport" or "the Company") provides an update for licences in the Cooper basin, Australia, over which the Company has a 2.5% gross overriding royalty ("GOR"). This information was reported by Beach Energy Ltd ("Beach") (ASX: BPT) in its FY26 Second Quarter Activities Report dated 21 January 2026.","length":400,"tagName":"p"},{"type":"image","alt":"Newport Exploration Ltd. Logo (CNW Group/Newport Exploration Ltd.)","displaySize":"","headline":null,"caption":"Newport Exploration Ltd. Logo (CNW Group/Newport Exploration Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":99,"url":"https://media.zenfs.com/en/cnwgroup.com/8aca87aaeb5619d2ed15c4c39ed2d31c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LJ9byDTCtyIjv6RAQ0bJ8Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE3NDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/8aca87aaeb5619d2ed15c4c39ed2d31c","width":400,"height":99}},"href":"https://mma.prnewswire.com/media/2866949/Newport_Exploration_Ltd__BEACH_ENERGY_S_Q2_ACTIVITIES%C2%A0REPORT_EXP.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company receives its GOR from Beach which is not a reporting issuer in Canada, therefore Newport is not able to confirm if the disclosure satisfies the requirements of NI 51-101 - Standards of Disclosure for Oil and Gas Activities and the COGE Handbook, or other requirements of Canadian securities legislation.","length":315,"tagName":"p"},{"type":"text","content":"Production ","length":10,"tagName":"p"},{"type":"text","content":"Highlights of the second quarter production from the Western Flank as reported by Beach are as follows:","length":103,"tagName":"p"},{"type":"text","content":"Production from the Western Flank was 390 kboe, 5% above the prior quarter (Note: Western Flank includes the Company's GOR licences ex PEL's 91, 106, 107 and PPL 280, as well as licences ex PEL's 92, 104 and 111, over which the Company does not have a GOR), due the impacts of flood recovery efforts supporting increased production rates.","length":350,"tagName":"p"},{"type":"text","content":"Western Flank oil production of 275 kbbl was 11% above the prio...