Newport Exploration Ltd (NWX)

[Sam Dan]

I realize management in early years had the foresight and ability to obtain the wonderful oil assets that result in the royalties that are funding the dividends of NWX. But management now is merely accounting for disbursements .ie no other duties. The salaries seem quite high and share remuneration excessive for their efforts.

Paid consulting fees of $378,000 (2019 - $378,000) to a company controlled by Ian Rozier, Director, President and C.E.O. of the Company. b) Paid management fees of $261,000 (2019 - $261,000) to a company controlled by Barbara Dunfield, Director and C.F.O. of the Company.

Share-based payments $ 439,845

THE ABOVE IS FOR 9 MONTHS !!!
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