Newport Exploration Provides Update on Cooper Basin

Newport Exploration Ltd. (TSXV:NWX) announced an update on Cooper Basin in Australia, releasing drill results and reporting the conversion of Exploration Licenses to Production Licenses.

As quoted in the press release:

Beach Energy Ltd (‘Beach’) reports that on PEL 91, twenty-two Production Retention Licenses have been granted with designation numbers PRL 151 to PRL 172 which secures tenure for this Western Flank oil operation for up to 15 years.

Beach also reports that on PEL 106, two PRL’s have been granted with designations number PRL 129 and 130, which secures tenure for this Western Flank wet gas operations for up to 15 years.

Click here for the full Newport Exploration Ltd. (TSXV:NWX) press release