Opportunities
To achieve its goals of becoming a medium size player in the oil and gas industry, the Company’s management will complement its high equity in low risk interests with low exposure participation in potentially high impact areas, with large up-side potential.

• Exploration
• Organic growth by acquiring additional acreage
• Develop cash flow from production
• Participate in major discovery
• Commercialise gas discoveries
• Grow to a significantly sized oil and gas company by merger and acquisition

Newport’s well positioned concessions, coupled with ‘company-maker’ offshore oil areas, are its key strengths. Early entry has enabled possible farmouts and joint ventures to fund drilling, while maintaining high equity in the areas. Newport’s growth strategies includes acquisition in ‘brownfield’ areas and use of modern technology to provide an exploration edge. The exploration focus on “brownfield” areas reduces geological risk and provides access to reduce exploration costs and production can be fast-tracked.

Newport Oil & Gas is focused on exploration in its onshore and offshore concession in PNG.