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BRIEF-Newport Receives AUD$1.4 Mln Net Qtrly Royalty Payment, Gas Potential & Corporate Update

Published 2019-03-06, 01:07 p/m
Updated 2019-03-06, 01:10 p/m
© Reuters.  BRIEF-Newport Receives AUD$1.4 Mln Net Qtrly Royalty Payment, Gas Potential & Corporate Update

March 6 (Reuters) - Newport Exploration Ltd NWX.V :

* NEWPORT RECEIVES AUD$1,433,853 NET QUARTERLY ROYALTY PAYMENT, GAS POTENTIAL AND CORPORATE UPDATE

* NEWPORT EXPLORATION LTD - MAY CONSIDER MAKING QUARTERLY DIVIDENDS.

* NEWPORT EXPLORATION - IS AWARE OF RUMORS OF POSSIBLE BID FOR GROSS OVERRIDING ROYALTY, POSSIBLE HOSTILE TAKEOVER ATTEMPT OF CO AS WAY OF ACQUIRING GOR

* NEWPORT EXPLORATION LTD - NO OFFER FOR GOR WOULD BE CONSIDERED UNTIL INDEPENDENT VALUATION DONE ON GOR ASSETS

* NEWPORT EXPLORATION LTD - IN EVENT OF HOSTILE TAKEOVER ATTEMPT, CO IS CONFIDENT MAJORITY OF SHAREHOLDERS WOULD SUPPORT BOARD

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