Newport Exploration (TSE:NWX) has released an update.
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Newport Exploration Ltd has re-elected its board members and reappointed key executives, signaling strong support from shareholders. Due to decreasing oil production and low Brent Crude prices, the company has decided to terminate its fixed dividend distribution and revert to special dividend payments to preserve shareholder value.
For further insights into TSE:NWX stock, check out TipRanks’ Stock Analysis page.
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