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    NWX   CA6518531034

NEWPORT EXPLORATION LTD.

(NWX)
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NEWPORT EXPLORATION : BEACH 2021 INVESTOR UPDATE GAS DISCOVERIES, RECENT DRILLING SUCCESS, MORE OIL WELLS PLANNED

09/30/2021 | 08:45am EST

Canada - Newport Exploration Ltd ('Newport' or 'the Company') provides an update on operations 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 in its 2021 Investor Update dated 28 September 2021.

Beach reports on the Western Flank, which includes ex PEL's 91, 106 and 107, and PRL 26 which are subject to the Company's GOR, as well as for ex PEL's 92, 104/111, PEL's 113/115/516/90/93, PRL's 83, 135 and PPL 270 which are not.

About Newport

The Company receives its GOR from Beach, which is not a reporting issuer in Canada. Therefore Newport is not able to confirm if disclosure satisfies the requirements of Canadian Securities legislation.

Newport has no control over operating decisions made by Beach and is not privy to exploration or production data derived by Beach during operations. Accordingly, this prevents the Company from commenting on operating plans going forward.

As always, the Company recommends that shareholders and potential investors access material information relevant to the Company as released independently by Beach and Santos Ltd in order to keep current during exploration, development and production of all the licenses subject to the Company's GOR.

The Company currently has 105,579,874 common shares issued and outstanding and approximately $4.9 million in the treasury (comprised of cash, cash equivalents, and short-term investments), and no debt.

Contact:

Ian Rozier

Tel: +1 604 685 6851

Email: info@newport-exploration.com

Web: www.newport-exploration.com

Cautionary Statement on Forward-Looking Information

This news release is intended to provide readers with a reasonable basis for assessing the future performance of the Company. The words 'believe', 'should', 'could', 'expect', 'anticipate', 'contemplate', 'target', 'plan', 'intends', 'continue', 'budget', 'estimate', 'may', 'will', 'schedule' and similar expressions identify forward-looking statements. Forward-looking statements may pertain to assumptions regarding Beach's drilling plans, future dividends, the price of oil and fluctuations in currency markets (specifically the Australian dollar). Forward-looking statements are based upon a number of estimates and assumptions that, which are considered reasonable by the Company, are inherently subject to business, economic and competitive uncertainties and contingencies. Factors include, but are not limited to, the risk of fluctuations in the assumed prices of oil, the risk of changes in government legislation including the risk of obtaining necessary licences and permits, taxation, controls, regulations and political or economic developments in Canada, Australia or other countries in which the Company carries or may carry on business in the future, risks associated with developmental activities, the speculative nature of exploration and development, and assumed quantities or grades of reserves. Readers are cautioned that forward-looking statements are not guarantees of future performance. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those acknowledged in such statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about NEWPORT EXPLORATION LTD.
08:25aNewport Exploration Receives Quarterly Royalty Payment from Beach Energy
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11/23NEWPORT EXPLORATION LTD. : Ex-dividend day for
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11/09Newport Doubles Fourth Quarterly Cash Dividend of 2021
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10/28Newport Exploration Ltd. Reports Earnings Results for the Full Year Ended July 31, 2021
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10/22BEACH ENERGY : Newport - increase in realized oil price, higher than anticipated productio..
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10/21NEWPORT EXPLORATION : Increase In Realized Oil Price. Higher Than Anticipated Production R..
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Financials
Sales 2021 - - -
Net income 2021 6,23 M 4,85 M 4,85 M
Net cash 2021 5,28 M 4,12 M 4,12 M
P/E ratio 2021 7,61x
Yield 2021 15,6%
Capitalization 47,5 M 37,2 M 37,0 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 71,7%
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Managers and Directors
Ian Terry Rozier President, Chief Executive Officer & Director
Barbara Eileen Dunfield Chief Financial Officer & Director
John Merfyn Roberts Independent Director
James Robertson Independent Director
David John Cowan Secretary
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