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GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Drill Results Neutral

BEACH ENERGY REPORT 100% SUCCESS RATE FROM NEW WELLS DRILLED

By The Northwire Desk — AI Analysis Jul 22, 2026 · 17:26 NWX · 0.115 Newport Exploration Ltd.
NWX · Price

Newport Exploration Ltd (NWX) has reported on the drilling and production activities of Beach Energy Ltd in the Cooper Basin, Australia, over which Newport holds a 2.5% gross overriding royalty (GOR). Beach Energy achieved a 100% success rate on new wells drilled during the quarter, with oil production increasing 11% quarter-over-quarter due to restored wells and new connections.

On the Western Flank, oil production was 11% above the prior quarter, driven by the restoration of flood-impacted oil wells and production from new well connections. Remaining flood-impacted wells are expected to be progressively restored in Beach's H1 FY27. Gas and gas liquids production was 18% below the prior quarter, primarily due to a planned annual shutdown for maintenance at the Middleton Gas Plant.

Beach continued a 12-well oil appraisal and development campaign, drilling three horizontal development wells during the quarter. The specific results included:

  • Stunsail 7 DW1: Encountered oil in the primary McKinlay reservoir.
  • Bauer 70: Targeted the McKinlay reservoir.
  • Spitfire 14: Located on non-GOR licences (ex PEL 111), encountered oil in the primary Birkhead reservoir.

All wells were cased and suspended; two wells were brought online after the quarter ended.

In Q2 FY27, Beach plans to complete its exploration, appraisal, and development campaign. Planned activities include drilling two oil development wells in the Bauer and Kalladeina fields, one contingent well, and eight oil exploration wells.

"The results from the recent drilling are very encouraging for future production from the licences that are subject to Newport's GOR, and we look forward to the results from the next drilling campaign," stated Ian Rozier, president and CEO of Newport.

Newport has no control over operating decisions made by Beach Energy. The company has issued and outstanding 105,579,874 common shares. Treasury holdings stand at approximately $2.8 million in cash, cash equivalents, and short-term investments, with no debt.

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 May 29, 2026 · 18:56

Newport Exploration Royalty Income Confirms Operational Stability Amidst Flood Recovery

Other Apr 30, 2026 · 17:15

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

Drill Results 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