BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES, AND PROPOSED FY26 DRILLING PROGRAM

Executive Summary

• Newport Exploration reports Beach Energy’s 2025 Western Flank production of 2.3 MMboe (‑33% YoY) and provides audited 1P/2P reserve figures for the licences subject to its 2.5% GOR.
• The Company discloses FY26 drilling plans: a 10‑well oil appraisal and development campaign targeting undeveloped McKinlay/Birkhead reserves in the second half of FY26, pending flood recovery and approvals.
• No material change to Newport’s balance sheet – 105.6 M shares outstanding, ~$2.5 M cash, no debt.

Key Details

• Production (2025): Total Western Flank production = 2.3 MMboe, down 33% YoY due to natural decline and flooding‑related interruptions.
• 1P Reserves (as of 30 Jun 2025 – Western Flank):
• Oil: 4.7 MMboe (40% attributable to Newport’s GOR licences)
• Gas: 1.2 MMboe (100% attributable to Newport’s GOR licences)
• 2P Reserves (as of 30 Jun 2025 – Western Flank):
• Oil: 11.6 MMboe (37% attributable to Newport’s GOR licences)
• Gas: 1.5 MMboe (100% attributable to Newport’s GOR licences)
• Reserve Auditing: Independently audited by RISC Advisory per PRMS and SPE Reserves Auditing Standards (Australia).
• FY26 Drilling Program: Targeting commencement of a 10‑well oil appraisal & development campaign in H2 FY26, focusing on undeveloped McKinlay/Birkhead reserves. Planned wells across Bauer, Callawonga, Kalladeina and Snatcher fields; contingent on flood recovery and final approvals.
• Strategic Focus: Emphasis on operating efficiencies and cost savings ahead of a Final Investment Decision for the next oil exploration campaign.
• Financial Position: 105,579,874 common shares issued & outstanding; cash & equivalents ≈ $2.5 M; no debt.

Notable Quotes

(No direct CEO/President quotes were included in the release.)