09:46 AM EST - Newport Exploration Ltd : provided an update on drill results and successful conversion of Exploration Licenses to Production Licenses in the Cooper Basin in Australia, which are subject to the Company's 2.5% gross overriding royalty. Quarterly oil production increased 3.5% to 423 kbbl (net), mainly due to higher production from the Bauer field. Bauer-12 and -13 came online last year and contributed a full quarter of production. Newport Exploration Ltd.
shares V.NWX are trading unchanged at $0.38.
