Trading Sign: NWX (TSX-V)
VANCOUVER, BC, June 2, 2025/ CNW/ – Newport Expedition Ltd (” Newport” or “the Business”) is happy to report the invoice of its after tax 2.5% Gross Overriding Royalty (” GOR”) payment from Beach Energy Ltd. (” Beach”) for the February– April 2025 quarter. Gross royalty earnings for the quarter was AUD$ 753,663. The AUD$ 527,566 payment gotten by Newport is net of 30% Australian withholding tax (AUD$ 226,097).
Business Financial Status
Newport has around CDN$ 2.7 million in its Treasury, consisted of money, money equivalents and short-term financial investments.
About Newport
Newport has a 2.5% GOR over licences in the Cooper Basin, Australia, run by Beach. There is no time at all limitation or expiration date on the GOR possessions, and no charge to the Business to maintain them.
Newport has no control over operating choices made by Beach. Appropriately, this avoids the Business from talking about Beach’s operating strategies moving forward. The Business advises that investors and possible financiers gain access to product details appropriate to the Business as launched individually by Beach and Santos Ltd in order to keep existing throughout expedition, advancement and possible production of all the licences based on the Business’s GOR. The Business gets its GOR from Beach which is not a reporting company in Canada, for that reason Newport is unable to verify if the disclosure pleases the requirements of NI 51-101 – Standards of Disclosure for Oil and Gas Activities, or other requirements of Canadian securities legislation.
The Business presently has 105,579,874 typical shares provided and exceptional.
www.newport-exploration.com
www.beachenergy.com.au
www.santos.com
Neither the TSX Endeavor Exchange nor its Policy Solutions Supplier (as that term is specified in the policies of the TSX Endeavor Exchange) accepts obligation for the precision or adequacy of this press release.
Cautionary Declaration on Forward-Looking Details
This press release is meant to offer readers with an affordable basis for evaluating the future efficiency of the Business. The words “think”, “ought to”, “might”, “anticipate”, “prepare for”, “ponder”, “target”, “strategy”, “plans”, “continue”, “spending plan”, “price quote”, “might”, “will”, “schedule” and comparable expressions recognize positive declarations. Positive declarations might refer to presumptions relating to Beach’s drilling strategies, the cost of oil and changes in currency markets (particularly the Australian dollar) and future dividend payments. Positive declarations are based upon a variety of quotes and presumptions that, which are thought about affordable by the Business, are naturally based on company, financial and competitive unpredictabilities and contingencies. Aspects consist of, however are not restricted to, the danger of changes in the assumed costs of oil, the danger of modifications in federal government legislation consisting of the danger of getting required licences and authorizations, tax, controls, guidelines and political or financial advancements in Canada, Australia or other nations in which the Business brings or might continue company in the future, dangers connected with developmental activities, the speculative nature of expedition and advancement, and presumed amounts or grades of reserves. Readers are warned that positive declarations are not warranties of future efficiency. There can be no guarantee that such declarations will show to be precise and real outcomes and future occasions might vary materially from those acknowledged in such declarations.
The Business disclaims any objective or responsibility to upgrade or modify any positive declarations whether as an outcome of brand-new details, future occasions or otherwise, other than to the level needed by appropriate laws.
© 2025 Newport Expedition Ltd.
SOURCE Newport Expedition Ltd.