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Last C$0.28 CAD
Change Today +0.005 / 1.82%
Volume 34.1K
NWX On Other Exchanges
As of 3:57 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

newport exploration ltd (NWX) Snapshot

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52 Week High
05/13/15 - C$0.49
52 Week Low
01/14/15 - C$0.22
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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 royalty 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. and Reva Resources Corp. Faces Class Action

Newport Exploration Ltd. and Reva Resources Corp. announced that the action commenced under the Class Proceedings Act brought against Newport and Reva and certain of their directors and officers. A settlement was reached in advance of a certification application hearing and the Action has been dismissed against all defendants. In connection therewith, the plaintiff settled for a sum of CAD 105,000 which amount has been represented to the defendants as being less than half of the legal fees and disbursements incurred to date by the plaintiff. While the defendants remain of the view that the allegations raised against them in the action were completely without merit, the settlement was determined to be in the best interests of the defendants as it ends the litigation process and associated future costs and allows the companies to focus entirely on their businesses without unproductive distraction.

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.


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