TSXV: NWX
CRUDE: BZ=F
About Newport
Newport has royalty interests in producing oil and gas licences in the Cooper Basin, Australia, and a mining project in British Columbia, Canada.
Newport holds a 2.5% Gross Overriding Royalty (“GOR”) on several licences in Australia. These include licences currently being operated and explored by Beach Energy Ltd. (“Beach”) and Santos Ltd. (“Santos”), both major Australian oil and gas producers. Details of these assets are provided in Company news releases and by Beach and Santos.
Newport has a 100% interest in the Chu Chua massive sulphide deposit project in British Columbia, Canada.
Exposure to Oil & Gas Investment
Exploring, developing and operating oil and gas projects is an expensive business, with substantial sustaining capital requirements that are difficult to maintain in smaller companies.
However, the royalty portfolio over several licences in the Cooper Basin in Australia provides Newport with low-risk exposure to both the production and exploration upside of these licences. Newport has no obligation to contribute any capital to the development of the oil and gas licences in Australia, and as such, sees direct cash flow from the applicable royalties.
Quarterly Dividend
The Company pays a quarterly dividend. For more information, please the Dividend section under the Investors tab.