Mr. Ian Rozier reports

NEWPORT EXPLORATION LTD.: FURTHER SUCCESS AT BAUER DRILL CAMPAIGN ON PEL 91

Newport Exploration Ltd. is providing a further update on the pad well program developments in the Bauer field on PEL 91 in the Cooper basin, Australia, which is subject to the company's 2.5-per-cent gross overriding royalty.

Beach Energy Ltd. reports that the successful Bauer drilling campaign continues to produce results above expectations, with 2P (proved and probable) reserve increases expected. A six-well development campaign at Bauer aimed to support past record levels of production through the development of the highly productive Namur sandstone reservoir is near completion. The Bauer pad drilling campaign involves the Bauer-16 to -19 wells and is expected to be completed within 30 days.

As reported in a previous news release by the company, the first of the wells, Bauer-19, intersected the Namur reservoir with 8.7 metres of net oil pay, with an additional 4.0-metre oil-bearing gross interval of overlying McKinlay member.

Beach reported the second of the pad wells, Bauer-16, intersected the Namur reservoir with 3.5 metres of net oil pay and an additional 4.0-metre oil-bearing gross interval of overlying McKinlay member.

This was followed by Bauer-17, which intersected the Namur with 5.4 metres of net oil pay and a 4.2-metre oil-bearing gross interval of overlying McKinlay member.

Bauer-16, -17 and -19 were cased and suspended as future oil producers. Bauer-18 is the final pad well, and Beach reports it is expected to reach total depth shortly.

As previously reported, Bauer-14 was drilled in October, 2014, in the central part of the field. The well was cased and suspended as a future McKinlay oil producer based on a 4.1-metre gross oil-bearing interval. The well was perforated in the McKinlay member and flow tested at approximately 250 barrels of oil per day (bopd) over a four-hour period. The second vertical well, Bauer-15, was drilled in the northern part of the field and intersected the top of the Namur reservoir 2.2 metres high to prognosis, with 5.1 metres of net oil pay. Limited-time flow testing produced a flow rate of approximately 5,000 bopd from the Namur sandstone.

The company continues to strongly encourage shareholders and potential investors to access information released independently by Beach and Drillsearch Energy Ltd.

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