BEACH ENERGY'S Q3 ACTIVITIES REPORT

About this update from Newport Exploration Ltd

[{"type":"text","content":"\n\n\n\n BEACH ENERGY'S Q3 ACTIVITIES REPORT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n Trading Symbol: NWX (TSX-V)\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n April 29, 2025\n \n\n /CNW/ - Newport Exploration Ltd (\"Newport\" or \"the Company\") provides an update for licences in the Cooper basin,\n \n Australia\n \n , 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 FY25 Third Quarter Activities Report dated\n \n 29 April 2025\n \n .\n \n\n\n\n\n\n\n\n\n\n\n Production\n \n\n\n\n Highlights of the third quarter production from the Western Flank as reported by Beach are as follows:\n \n\n Production from the Western Flank was 549 kboe, 12% below the prior quarter (\n \n Note\n \n : Western Flank includes the Company's GOR licences ex PEL's 91, 106, 107 and PRL 26, as well as licences ex PEL's 92, 104 and 111, over which the Company does not have a GOR), mainly due to natural field decline which was partially mitigated through strong reservoir performance, high facility uptime and ongoing optimization activities.\n \n\n Western Flank oil production of 402 kbbl was 12% below the prior quarter.\n \n\n Gas and gas liquids production of 147 kboe was 14% below the prior quarter.\n \n\n Beach reported heavy rain and flooding across the region caused production interruptions at some operational sites.  Beach is monitoring the southward movement of floodwaters from\n \n Queensland\n \n and is proactively managing operations and work programs to minimize the impact on production and the environment. Early assessment indicates that deferral of oil production of up to 0.1 MMboe may be experienced during Beach's Q4 FY25 and potentially into FY26.\n \n\n The Company will update shareholders as soon as it is in receipt of any specific production forecasts for the GOR licences.\n \n\n\n\n Realized Gas & Oil Prices\n \n\n\n\n The average realized price of oil was AUD$133/bbl, an 8% increase over the prior quarter.\n \n\n The average r...

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