BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES, AND PROPOSED FY26 DRILLING PROGRAM
Original announcement by tmx on
- Company
- Newport Exploration Ltd
- Ticker
- NWX
- Exchange
- TSX
- Region
- Cooper Basin, Australia
- Primary commodity
- Oil
- Secondary commodities
- Gas
- Document categories
- Resource update, Production, Other
- Extracted
- 2026-09-16 15:15:48 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Newport Exploration Ltd reported a 33% year-on-year production decline for the Western Flank assets due to natural decline and flooding. The company also provided updated 1P and 2P reserve estimates for the Western Flank as of June 30, 2025, which are subject to its 2.5% gross overriding royalty.
Reasoning: The report highlights a significant production decline for the underlying assets and emphasizes the company's passive role as a royalty holder.
Positive factors
- Updated reserve figures provided for GOR licences
- Clear visibility on upcoming FY26 drilling focus
Negative factors
- 33% decrease in Western Flank production due to field decline and flooding
- Company has no control over operating decisions of the operator (Beach)
- Disclosure is based on third-party (Beach) reporting
Facts used in scoring: 5
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The company's value is derived from a 2.5% GOR over Beach Energy's assets in the Cooper Basin.
Evidence · text
“Newport Exploration Ltd ("Newport" or "the Company") provides an update on operations and reserves for licences in the Cooper Basin, Australia , over which the Company has a 2.5% gross overriding royalty ("GOR").”
Production Declinenegative · Story-specific tag
No canonical definition is currently available.
Why it applies: Western Flank production decreased by 33% year-on-year.
Evidence · text
“Beach report total Western Flank production for the year was 2.3 MMboe, a decrease of 33% from the prior year.”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
provenWestern Flank · oilTonnes: 4.7Contained Metal: 4.7Contained Unit: mmboeView all detailsHide details
Identity
- Project
- Western Flank
- Commodity
- oil
- Region
- australia
- Reported Region
- Cooper Basin, Australia
- Ticker
- NWX
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-06-30T00:00:00.000Z
- Resource group id
- resource:84f94bcc3f53a1d11904
- Ownership percent
- 40 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 4.7
- Contained Metal
- 4.7
- Contained Unit
- mmboe
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-06T00:00:00.000Z
Reasoning: Standard reporting of 1P reserves.
Evidence · text
“Oil – 4.7 MMboe (40% is attributable to the Company's GOR licences)”
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
provenWestern Flank · gasTonnes: 1.2Contained Metal: 1.2Contained Unit: mmboeView all detailsHide details
Identity
- Project
- Western Flank
- Commodity
- gas
- Region
- australia
- Reported Region
- Cooper Basin, Australia
- Ticker
- NWX
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-06-30T00:00:00.000Z
- Resource group id
- resource:8576d21b7e4568beb8f5
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- proven
- Tonnes
- 1.2
- Contained Metal
- 1.2
- Contained Unit
- mmboe
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-06T00:00:00.000Z
Reasoning: Standard reporting of 1P reserves.
Evidence · text
“Gas – 1.2 MMboe (100% is attributable to the Company's GOR licences)”
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
probableWestern Flank · oilTonnes: 11.6Contained Metal: 11.6Contained Unit: mmboeView all detailsHide details
Identity
- Project
- Western Flank
- Commodity
- oil
- Region
- australia
- Reported Region
- Cooper Basin, Australia
- Ticker
- NWX
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-06-30T00:00:00.000Z
- Resource group id
- resource:40a92ea1eb40d44f62c5
- Ownership percent
- 37 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 11.6
- Contained Metal
- 11.6
- Contained Unit
- mmboe
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-06T00:00:00.000Z
Reasoning: Standard reporting of 2P reserves.
Evidence · text
“Oil – 11.6 MMboe (37% is attributable to the Company's GOR licences)”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
probableWestern Flank · gasTonnes: 1.5Contained Metal: 1.5Contained Unit: mmboeView all detailsHide details
Identity
- Project
- Western Flank
- Commodity
- gas
- Region
- australia
- Reported Region
- Cooper Basin, Australia
- Ticker
- NWX
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-06-30T00:00:00.000Z
- Resource group id
- resource:35b283dfd7286b835855
- Ownership percent
- 100 %
- Resource basis
- attributable
Resource Data
- Category
- probable
- Tonnes
- 1.5
- Contained Metal
- 1.5
- Contained Unit
- mmboe
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-06T00:00:00.000Z
Reasoning: Standard reporting of 2P reserves.
Evidence · text
“Gas – 1.5 MMboe (100% is attributable to the Company's GOR licences)”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
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.