# BEACH ENERGY REPORT 100% SUCCESS RATE FROM NEW WELLS DRILLED Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/beach-energy-report-100-success-rate-from-new-wells-drilled--9cf9115d-6af6-4222-88b5-8e1e527338e5 Original source: https://money.tmx.com/en/quote/NWX/news/5994411115409814/beach-energy-report-100-success-rate-from-new-wells-drilled Publisher: tmx Original announcement: 2026-07-22T21:26:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Newport Exploration Ltd - Ticker: NWX - Exchange: TSX - Region: Cooper Basin, Australia - Primary commodity: Oil - Secondary commodities: Gas, Gas liquids - Document categories: Production, Drill results - Extracted: 2026-09-16 14:43:22 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Newport Exploration Ltd reports a 100% success rate from recent drilling in the Cooper Basin, with new wells encountering oil in the McKinlay and Birkhead reservoirs. While oil production rose 11% due to well restorations, gas and gas liquids production fell 18% following a planned maintenance shutdown at the Middleton Gas Plant. Reasoning: The company reports positive oil production trends and successful drilling results from its royalty-bearing assets, though gas production was temporarily impacted by a planned shutdown. - Positive factor: 100% success rate from new wells drilled - Positive factor: Oil production 11% above prior quarter - Positive factor: Encouraging drilling results in McKinlay and Birkhead reservoirs - Negative factor: Gas and gas liquids production 18% below prior quarter due to maintenance shutdown Facts used in scoring: 4 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Newport's value is derived from a 2.5% GOR over Beach Energy's licences in the Cooper Basin. Evidence · text > provides an update for licences in the Cooper Basin, Australia, over which the Company has a 2.5% gross overriding royalty \("GOR"\) ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Stunsail 7 DW1 [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-energy-report-100-success-rate-from-new-wells-drilled--9cf9115d-6af6-4222-88b5-8e1e527338e5#fact-drill-facts-2) Western Flank #### Identity - Hole ID: Stunsail 7 DW1 - Project: Western Flank - Region: australia - Reported Region: australia - Ticker: NWX #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Successful encounter of oil in the McKinlay reservoir. - Positive factor: Encountered oil in primary reservoir Evidence · text > The Stunsail 7 DW1 well encountered oil in the primary McKinlay reservoir. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Spitfire 14 [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-energy-report-100-success-rate-from-new-wells-drilled--9cf9115d-6af6-4222-88b5-8e1e527338e5#fact-drill-facts-3) Western Flank #### Identity - Hole ID: Spitfire 14 - Project: Western Flank - Region: australia - Reported Region: australia - Ticker: NWX #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Successful encounter of oil in the Birkhead reservoir \(not on Newport's GOR licences\). - Positive factor: Encountered oil in primary reservoir Evidence · text > the Spitfire 14 well \(not on the Company's GOR licences\) encountered oil in the primary Birkhead reservoir. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.