Newport Exploration Ltd ("Newport" or "the Company") provides an update for licences in the Cooper Basin, Australia, over which the Company has a 2.5% gross overriding royalty ("GOR"). This information was reported by Beach Energy Ltd ("Beach") (ASX: BPT) in its FY24 Third Quarter Activities Report dated 24 April 2024.
Newport Exploration Ltd ("Newport" or "the Company") is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty ("GOR") payment from Beach Energy Ltd. ("Beach") for the November 2023 – January 2024 quarter. Gross royalty income for the quarter was AUD$1,368,519. The AUD$957,963 payment received by Newport is net of 30% Australian withholding tax (AUD$410,556).
Newport Exploration Ltd ("Newport" or "the Company") is pleased to provide information provided by Beach Energy Ltd ("Beach") regarding assets on the Western Flank of the Cooper Basin, Australia, as reported on February 12th, 2024 in their FY24 Half Year Results.