# BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES AND DRILLING ACTIVITIES. 100% SUCCESS RATE \(INCLUDING BAUER 70\) WITH PLANS TO EXTEND PLAY HORIZONS AND UNLOCK SCALE ON EX PEL 91. Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-drilling-activities--cbc12451-8e7e-4f2d-a9b8-bdf4255e3920 Original source: https://money.tmx.com/en/quote/NWX/news/7711657306200544/beach-report-annual-production-results-updated-reserves-and-drilling-activities- Publisher: tmx Original announcement: 2026-08-07T21:38:00.000Z 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 - Document categories: Resource update, Production, Drill results - Extracted: 2026-09-16 14:38:36 UTC Narrative sentiment: -0.20 · Bearish ## Minestarters Atlas summary Newport Exploration reports that Beach Energy's Western Flank production fell 35% due to flooding and natural decline. However, recent drilling achieved a 100% success rate, with oil encountered in the Namur, McKinlay, and Birkhead reservoirs, supporting plans for play expansion. Reasoning: The document reports a significant production decline for the Western Flank \(35%\) due to environmental factors and field decline, which offsets the positive news of a 100% success rate in recent appraisal drilling. - Positive factor: 100% success rate in recent oil appraisal drilling - Positive factor: continuous oil accumulation suggested between Stunsail fields - Positive factor: plans to extend play horizons and unlock scale on ex PEL 91 - Negative factor: Western Flank production down 35% year-on-year - Negative factor: Production impacted by major flooding and natural field decline Facts used in scoring: 4 ## Classification and evidence **production** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document reports annual production results for the Western Flank, noting a 35% decrease. Evidence · text > Production Beach reports total Western Flank production for the year was down 35% from the prior year. **resource\_update** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document provides updates on oil and gas reserves effective as of 30 June 2026. Evidence · text > Beach reports Western Flank reserves and contingent resources effective as of 30th June, 2026. **drill\_results** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document reports on a 12-well oil appraisal and development campaign with a 100% success rate. Evidence · text > Beach's 12-well oil appraisal and development campaign commenced during FY26, achieving a 100% success rate ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Stunsail West 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-drilling-activities--cbc12451-8e7e-4f2d-a9b8-bdf4255e3920#fact-drill-facts-3) Western Flank #### Identity - Hole ID: Stunsail West 1 - 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: 2026-08-07T00:00:00.000Z Reasoning: Successful appraisal drilling encountering multiple reservoirs. - Positive factor: 100% success rate - Positive factor: continuous oil accumulation suggested Evidence · text > the Stunsail West 1 well encountered oil in the primary Namur and secondary McKinlay and Birkhead reservoirs. #### 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 ## Resource Estimates (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-drilling-activities--cbc12451-8e7e-4f2d-a9b8-bdf4255e3920#fact-resource-facts-1) Western Flank · gas #### Identity - Project: Western Flank - Commodity: gas - Region: australia - Reported Region: Cooper Basin, Australia - Ticker: NWX #### Resource scope - Estimate type: resource - Effective date: 2026-06-30T00:00:00.000Z - Resource group id: resource:bfcfece4d8594607ee76 - Ownership percent: 2.5 % - Resource basis: attributable #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-07T00:00:00.000Z Reasoning: Provides updated reserve percentages for the GOR assets. - Positive factor: 100% of gas reserves relate to Newport's GOR Evidence · text > Of the gas reserves reported, 100% of its 1P and 2P Western Flank reserves relate to the Company's GOR licences. #### Tags used in scoring **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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-drilling-activities--cbc12451-8e7e-4f2d-a9b8-bdf4255e3920#fact-resource-facts-2) Western Flank · oil #### Identity - Project: Western Flank - Commodity: oil - Region: australia - Reported Region: Cooper Basin, Australia - Ticker: NWX #### Resource scope - Estimate type: resource - Effective date: 2026-06-30T00:00:00.000Z - Resource group id: resource:bfcfece4d8594607ee76 - Ownership percent: 2.5 % - Resource basis: attributable #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-07T00:00:00.000Z Reasoning: Provides updated oil reserve percentages for the GOR assets. Evidence · text > Of the oil reserves reported, 45% of its 1P and 38% of its 2P Western Flank reserves relate to the Company's GOR licences. #### Tags used in scoring **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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## 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.