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Newport Exploration Reports Mixed Q4 Results

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Newport Exploration Reports Mixed Q4 Results

Newport Exploration (TSE:NWX) has released an update.

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Newport Exploration Ltd reported a decrease in Q4 production from its Western Flank fields due to natural decline and weather disruptions, alongside a slight increase in oil and gas prices. The company, holding a 2.5% GOR in Australia’s Cooper Basin, anticipates future drilling activities and continues to rely on Beach Energy’s operations for its revenue.

For further insights into TSE:NWX stock, check out TipRanks’ Stock Analysis page.

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