Newport Exploration Ltd ("Newport" or "the Company") is pleased to announce the payment of its third quarterly cash dividend ("the Dividend") in 2021 of $0.02/share, to its shareholders of record at the close of business on August 26th, 2021. As previously disclosed, the Company proposes to continue with the payment of quarterly dividend distributions, with the next payment scheduled for December, 2021.
Newport Exploration Ltd ("Newport" or "the Company") is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty ("GOR") payment from Beach Energy Ltd. ("Beach") for the May 2021 – July 2021 quarter. Gross royalty income for the quarter was AUD$3,052,797. The AUD$2,136,958 payment received by Newport is net of 30% Australian withholding taxes (AUD$915,839).
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"). This information was reported by Beach Energy Ltd ("Beach") (ASX: BPT) in its 2021 Annual Report and FY21 Results Presentation, both dated 16th August 2021.