Business
BEACH ENERGY'S Q3 ACTIVITIES REPORT 100% SUCCESS RATE FROM NEW WELLS DRILLED AT STUNSAIL WEST, KANGAROO 5 AND KANGAROO 1 WEST
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 Third Quarter Activities Report dated 28 April 2026.
About this update from Beach Energy Limited
[{"type":"text","content":"Trading Symbol: NWX (TSX-V)","length":27,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC , April 30, 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 Third Quarter Activities Report dated 28 April 2026.","length":404,"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/d415df15d1dd634d0bafdca63605d577"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tVzCjRqX5U2zcps6hhCxYA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE3NA--/https://media.zenfs.com/en/cnwgroup.com/d415df15d1dd634d0bafdca63605d577","width":400,"height":99}},"href":"https://mma.prnewswire.com/media/2970587/Newport_Exploration_Ltd__BEACH_ENERGY_S_Q3_ACTIVITIES_REPORT_100.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Beach reports on the Western Flank, which include ex PEL's 91, 106 and 107, and PRL 26 which are subject to the Company's GOR, as well as licences ex PEL's 92, 104, and 111, over which the Company does not have a GOR.","length":229,"tagName":"p"},{"type":"text","content":"Production ","length":10,"tagName":"p"},{"type":"text","content":"Beach reported that third quarter production from the Western Flank was 8% below the prior quarter due to extensive rainfall in operational areas. As a result of the heavy rainfall in February and March, Western Flank oil production was 16% below the prior quarter. Gas and gas liquids production was 9% above the prior quarter.","length":328,"tagName":"p"},{"type":"text","content":"Drilling Activities ","length":19,"tagName":"p"},{"type":"text","content":"Beach reported that it continued its 12-well oil appraisal and development drilling campaign with one oil exploration well and two oil appraisal wells drilled during the quarter. Drilling activities were delayed as of mid-February with severe rainfall impacting road acc...