Newport Exploration Updates on Cooper Basin Operations and Reserves

The latest update is out from Newport Exploration ( (TSE:NWX) ).

Beach Energy Ltd reported a 33% decrease in production in the Western Flank due to natural field decline and flooding. Newport Exploration Ltd, which holds a 2.5% GOR on certain licences, will update shareholders on specific production forecasts. Beach’s reserves report shows significant oil and gas reserves, with a portion attributable to Newport’s GOR licences. Beach plans a 10-well drilling campaign in FY26, focusing on undeveloped reserves, pending flood recovery and approvals.

Spark’s Take on TSE:NWX Stock

According to Spark, TipRanks’ AI Analyst, TSE:NWX is a Neutral.

Newport Exploration’s stock score is primarily affected by its stable balance sheet and attractive valuation, but it is weighed down by the critical absence of revenue. Positive technical indicators provide support for the stock’s upward momentum, while the high dividend yield offers significant investor returns despite the company’s revenue challenges.

To see Spark’s full report on TSE:NWX stock, click here.

More about Newport Exploration

Newport Exploration Ltd is involved in the oil and gas industry, holding a 2.5% Gross Overriding Royalty (GOR) over permits in the Cooper Basin, Australia, operated by Beach Energy Ltd. The company does not have control over operating decisions made by Beach and recommends shareholders access information released by Beach and Santos Ltd for updates on exploration and production activities.

Average Trading Volume: 52,914

Technical Sentiment Signal: Sell

Current Market Cap: C$12.14M

See more data about NWX stock on TipRanks’ Stock Analysis page.