Oil Mining News in Australia

Newport Exploration Ltd
Newport Exploration Ltd
NWX
Cooper Basin, Australia

BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES AND DRILLING ACTIVITIES. 100% SUCCESS RATE (INCLUDING BAUER 70) WITH PLANS TO EXTEND PLAY HORIZONS AND UNLOCK SCALE ON EX PEL 91. Newport Exploration Ltd ("Newport" or "the Company") provides an update for licences in the Cooper Basin, Australia, over which the Company has a...

Newport Exploration reports on Beach Energy's successful drilling campaign in the Cooper Basin, noting a 100% success rate for recent wells. While Western Flank production declined by 35% due to flooding and natural decline, Newport maintains a 2.5% GOR over 100% of the gas reserves in the area.

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Newport Exploration Ltd.
Newport Exploration Ltd.
NWX
Cooper Basin, Australia

/C O R R E C T I O N -- Newport Exploration Ltd./

Newport Exploration Ltd. issued a correction regarding its royalty interests in the Cooper Basin, reporting a 33% year-on-year production decrease for the Western Flank due to natural decline and flooding. The company also clarified Western Flank reserve figures for oil and gas, while noting that these reserves are not prepared under NI 51-101 standards.

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Newport Exploration Ltd
Newport Exploration Ltd
NWX
Cooper Basin, Australia

BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES, AND PROPOSED FY26 DRILLING PROGRAM

Newport Exploration reports a 33% year-on-year decrease in Western Flank production due to natural decline and flooding. The company also provides updated 1P and 2P reserve estimates for oil and gas in the Cooper Basin based on Beach Energy's annual report.

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