# BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES, AND PROPOSED FY26 DRILLING PROGRAM Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-proposed-fy26-drilli--8204e331-ab52-4272-9c06-96a4e15810ba Original source: https://money.tmx.com/en/quote/NWX/news/8082508434983754/beach-report-annual-production-results-updated-reserves-and-proposed-fy26-drilli Publisher: tmx Original announcement: 2025-08-06T20:44:00.000Z 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, Other - Extracted: 2026-09-16 15:15:48 UTC Narrative sentiment: -0.40 · Bearish ## Minestarters Atlas 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 factor: Updated reserve figures provided for GOR licences - Positive factor: Clear visibility on upcoming FY26 drilling focus - Negative factor: 33% decrease in Western Flank production due to field decline and flooding - Negative factor: Company has no control over operating decisions of the operator \(Beach\) - Negative factor: Disclosure is based on third-party \(Beach\) reporting Facts used in scoring: 5 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: 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 Decline** Polarity: negative Story-specific tag Definition: 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) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-proposed-fy26-drilli--8204e331-ab52-4272-9c06-96a4e15810ba#fact-resource-facts-1) Western Flank · oil #### 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 Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-proposed-fy26-drilli--8204e331-ab52-4272-9c06-96a4e15810ba#fact-resource-facts-2) Western Flank · gas #### 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 Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-proposed-fy26-drilli--8204e331-ab52-4272-9c06-96a4e15810ba#fact-resource-facts-3) Western Flank · oil #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/beach-report-annual-production-results-updated-reserves-and-proposed-fy26-drilli--8204e331-ab52-4272-9c06-96a4e15810ba#fact-resource-facts-4) Western Flank · gas #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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.