Trading Symbol: NWX (TSX-V)
VANCOUVER, BC, Feb. 5, 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 Half Year Results Presentation, FY26 half year results, and Interim Report for the Half Year Ended 31 December 2025, all dated February 5th, 2026.
The Company receives its GOR from Beach, which is not a reporting issuer in Canada, therefore Newport is not able to confirm if the disclosure satisfies the requirements of NI 51-101 – Standards of Disclosure for Oil and Gas Activities and the COGE Handbook, or other requirements of Canadian securities legislation.
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.
Production
Beach’s First Half FY26 production from the Western Flank was 0.8MMboe, 41% below the prior corresponding period. Western Flank oil production was 0.5MMbbl, 45% below the prior …