Newport Exploration Reports 21% Quarterly Rise in Western Flank Oil Production
Bitget2026/10/21 22:02- Newport Exploration reported Beach Energy's Western Flank oil production rose 21% quarter-on-quarter in fiscal 2027's first quarter; total production increased 15%.
- The company holds a 2.5% gross overriding royalty over some Western Flank licenses operated by Beach.
- Eight of nine appraisal and development wells drilled in fiscal 2026 were online at quarter-end, producing in line with initial expectations.
- Beach began drilling the first of two oil development wells in early October 2026.
- A nine-well exploration campaign, increased from eight wells, is expected to follow, with drilling scheduled to conclude in the third quarter.
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