Northwire Canada EditionMonday, October 19, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Drill Results Routine +

BEACH ENERGY'S Q3 ACTIVITIES REPORT 100% SUCCESS RATE FROM NEW WELLS DRILLED AT STUNSAIL WEST, KANGAROO 5 AND KANGAROO 1 WEST

Drilling Success Confirms Royalty Play, But Weather Risks Persist in Cooper Basin

By The Northwire Desk — AI Analysis Apr 30, 2026 · 17:15 NWX · 0.13 Newport Exploration Ltd.
Executive Summary
  • Newport Exploration Ltd. provided an update on its 2.5% gross overriding royalty (GOR) assets in the Cooper Basin following Beach Energy's Q3 FY26 activities report.
  • Recent drilling at Stunsail West, Kangaroo 5, and Kangaroo 1 West achieved a 100% success rate with significant oil encounters reported.
  • Heavy rainfall during February and March impacted Western Flank production, causing an 8% overall decline, though gas and gas liquids production increased by 9%.
  • Stunsail West 1 encountered oil in primary Namur and secondary McKinlay/Birkhead reservoirs suggesting continuous accumulation with existing fields.
  • Kangaroo 5 proved communication with offset producer Kangaroo 1; well to be fracture stimulated and completed as a water injection well.
  • Future drilling schedule includes six oil development wells (Bauer, Kalladeina, Spitfire, Stunsail) and one contingent Kalladeina oil well.
  • Due to weather delays, four of the remaining six wells are expected to be drilled in FY26, with final two scheduled for FY27.
  • Newport's financial position remains stable with approximately $2.8 million treasury and no debt.
Material Impact
  • The news confirms a 100% success rate on drilling which was previously announced in the February 5th H1 results update; this is not new information but rather validation of an ongoing trend.
  • Production decline due to weather (8%) is consistent with previous reports regarding flooding impacts, indicating operational risk remains materialized rather than resolved.
  • The confirmation of well connectivity and oil accumulation supports the long-term thesis for the royalty asset but does not materially change the valuation model immediately.
  • No new financing or capital raise was announced; cash position ($2.8M) is sufficient to cover near-term operations without dilution risk.
  • The split of remaining drilling between FY26 and FY27 due to weather delays suggests execution risks persist, tempering immediate upside potential.
NWX · Price
Company Overview
  • Newport Exploration Ltd. holds a 2.5% gross overriding royalty (GOR) on Beach Energy's Cooper Basin licences in Australia.
  • The flagship asset is the Western Flank of the Cooper Basin, where Beach Energy operates drilling and production activities.
  • Newport has no control over operational decisions but benefits from production volume without direct cost exposure to operations.
  • The royalty interest has no time limit or cost to retain, providing a passive income stream structure.
  • Independent reserves were audited by Netherland, Sewell and Associates Inc. per PRMS/SPE standards as of June 2025.
Read the original news release →

More from Newport Exploration Ltd.

Sep 02, 2026 · 17:57

Newport’s $270,000 quarterly royalty reflects reliance on Beach Energy’s declining Cooper Basin output.

Other Aug 07, 2026 · 17:38

Newport reports 100% drilling success at its 2.5% GOR project despite a 35% year-over-year production decline.

Drill Results Jul 22, 2026 · 17:26

BEACH ENERGY REPORT 100% SUCCESS RATE FROM NEW WELLS DRILLED

Drill Results May 29, 2026 · 18:56

Newport Exploration Royalty Income Confirms Operational Stability Amidst Flood Recovery

Other Apr 30, 2026 · 12:00

Newport Exploration cites three wells drilled by Beach

Drill Results Feb 06, 2026 · 04:00

Newport notes Western Flank produces 800k boe in H1

Drill Results