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Last C$0.31 CAD
Change Today -0.015 / -4.62%
Volume 120.0K
NWX On Other Exchanges
Symbol
Exchange
Venture
As of 1:20 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

newport exploration ltd (NWX) Snapshot

Open
C$0.31
Previous Close
C$0.33
Day High
C$0.33
Day Low
C$0.31
52 Week High
04/29/14 - C$0.52
52 Week Low
01/14/15 - C$0.22
Market Cap
27.4M
Average Volume 10 Days
273.5K
EPS TTM
C$0.08
Shares Outstanding
88.4M
EX-Date
04/16/15
P/E TM
3.9x
Dividend
--
Dividend Yield
32.26%
Current Stock Chart for NEWPORT EXPLORATION LTD (NWX)

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newport exploration ltd (NWX) Details

Newport Exploration Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada. The company holds a 100% interest in the Chu Chua project, a sulphide deposit located north of Kamloops, British Columbia. It also has interest in petroleum exploration permits in Australia. The company was incorporated in 1979 and is headquartered in Vancouver, Canada.

Founded in 1979

newport exploration ltd (NWX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$180.0K
Chief Financial Officer, Director and Member ...
Total Annual Compensation: C$137.5K
Compensation as of Fiscal Year 2014.

newport exploration ltd (NWX) Key Developments

Newport Exploration Ltd Declares Special Cash Dividend, Payable on April 15, 2015

Newport Exploration Ltd. announced that the Board of Directors has declared a special cash dividend of $0.10 per share to the holders of the company's common shares. The record date to determine shareholders of company entitled to receive the Dividend is April 2nd, 2015; the payment or distribution date (the "Distribution Date") will be April 15, 2015; The ex-distribution date will be April 16, 2015.

Newport Exploration Ltd. Provides an Update on Recent Drill Results in the Cooper Basin in Australia

Newport Exploration Ltd. provided an update on recent drill results in the Cooper Basin in Australia, which are subject to the company’s 2.5% gross overriding royalty. Beach Energy Ltd. reported that Ralgnal1, the final well in a fivewell exploration and appraisal campaign targeting gas and gas liquids in the Patchawarra Formation, was cased and suspended as a future gas and gas liquids producer after intersecting 5.7 metres of net pay in the Patchawarra Formation. Beach reported that the previously announced new fourwell pad drilling campaign commenced in the north of the Bauer Field, targeting the highly productive Namur Sandstone reservoir and overlying McKinlay Member. Bauer20 to -23 will be drilled from a single pad and located approximately 10 metres apart at surface, with directional drilling to commence from depths of approximately 700 metres to reach target zones. Top hole batch drilling at Bauer20, 21 and 22 was undertaken in February 2015. Bauer23 will spud imminently and be drilled to total depth, with production hole drilling at Bauer20, 21 and 22 to follow. Additionally, the Stanleys1 exploration well spudded on February 25, 2015 and is currently drilling ahead. It is located approximately 3.9 kilometres northeast of the Balgowan1 oil discovery and 3.5 kilometres southwest of the Spitfire and Growler fields. As with recent discoveries in the area, the well is targeting the Namur Sandstone, with the McKinlay Member, midNamur Sandstone and Birkhead Formation as secondary targets.

Newport Exploration Ltd. Provides an Update on Drill Results from the Western Wet Gas Fairway

Newport Exploration Ltd. provided an update on drill results from the Western Wet Gas Fairway, Wet Gas joint venture in the Cooper Basin, Australia, (Drillsearch 50%, Beach 50% and Operator) as reported by Drillsearch Energy Limited, which is subject to the Company’s 2.5% gross overriding royalty. Beach Energy Limited drilled the Ralgnal-1 exploration well in PRL 130 (formerly PEL 106). Drillsearch’s preliminary evaluation of well logs indicates a gross interval in the Patchawarra Formation between 2,379 and 2,787 metres with net pay of 6.6 metres, and a gross interval in the Tirrawarra. Formation between 2,787 and 2,842 metres with net pay of 3.0 metres. A Drill Stem Test (DST) was performed over the Patchawarra Formation with gas flowing to surface at a rate of 5.88 mmscf/d. Test flow rates for condensate are currently under review. The well will be cased and suspended as a new discovery, with a cased hole test proposed prior to completion of the well. Newport is encouraged by the success of Ralgnal-1.

 

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