Newport Exploration Ltd. announced that to provide an update on drill results in the Cooper Basin, Australia, which are subject to the company's 2.5% gross overriding royalty. PRL's 151 to 172 (formerly PEL 91): As reported by the company (dated December 23, 2014), Bauer-18, the last well of six-well oil development campaign in the Bauer field, was completed in December. An additional 4.2m oil bearing gross interval of overlying McKinlay Member was also intersected.

Bauer-18 was cased and suspended as a future Namur Sandstone producer. Beach reported that the six recently drilled Bauer development wells are all expected to be online in early 2015 and that an increase in 2P reserves is expected. The Hanson-2 oil development well was spudded on 29th December 2014 and has reached total depth.

Beach reports that the well is currently being evaluated with initial indications of an 8.0m gross oil column in the McKinlay Member and Namur Sandstone reserves. PRL's 129 to 130 (formerly PEL 106): Beach reported that the four-well exploration and appraisal campaign, which is proximal to the existing Canunda field and gas pipeline to Middleton, was completed in December. The program targeted gas and gas liquids in the Patchawarra Formation and Tirrawarra Sandstone.

The Canunda-2 well was cased and suspended in October 2014. Maupertuis-1, the second well in the program, was also cased and suspended. The Antechamber-1 and Danville-1 wells were drilled in December, with the wells being plugged and abandoned after failing to intersect commercial hydrocarbons.

The company continues to strongly encourage shareholders and potential investors to access information released independently by Beach and Drillsearch in order to keep current during an active period in the exploration and development of these permits.