Newport Exploration Ltd.: Update on Developments in PRL 130 and PRL 133 in the Cooper Basin, Australia

Wet Gas joint venture in the Cooper Basin, Australia, (Drillsearch 50%, Beach 50% and Operator) as reported by Drillsearch Energy Limited (“Drillsearch”), which is subject to the Company’s 2.5% gross overriding royalty. Beach Energy Limited (“Beach …