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A junior oil & gas co. with a focus on combining low cost producing oil & natural gas assets for sustainable growth with Blue Sky projects in the Permian Basin of West Texas & New Mexico.




 

Bullboard - Investor Discussion Forum Permex Petroleum Corp C.OIL

Alternate Symbol(s):  OILCF

Energy Oil & Gas E&P
Permex Petroleum Corporation is a junior oil and gas company. The Company is engaged in the acquisition, exploration, development and production of oil and gas properties in the United States. The Company has assets and operations in the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Breedlove B Clearfork properties are situated in Martin County, Texas. The Pittcock... see more

Bullboard (CSE:OIL)

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Post by nozzpackon May 20, 2022 6:41am

2P Reserves of 24.3 million barrels..NPV $295 million

2021 RESERVES SUMMARY SUMMARY OF PROVED, PROBABLE (2P) RESERVES (As of September 2021) $ Amounts in USD   OIL (BBL) GAS (MCF) FUTURE NET  ...more  
178
Post by nozzpackon May 16, 2022 5:57pm

Oil at $140 CAD

Let's get those workovers and drills goin..
116
Comment by nozzpackon May 16, 2022 1:43pm

RE:RE:Problem with Drill Permit.

They are in the process of obtaining a Rule 37/38 towards the Permit, which would then be approved and move forward with drilling. So, no problem..
86
Discussion
Comment by nozzpackon May 12, 2022 8:11pm

RE:Problem with Drill Permit.

Depth severance/ double assignment  is not a uncommon problem and modifications have been made to the regulations . This link will provide a detailed understanding .. https://oilandgaslawdigest ...more  
111
Discussion
Post by Bigshortieon May 11, 2022 4:19pm

Problem with Drill Permit.

probably nothing, but this stands out to me: Your filing has been identified with possible SWR 40 double assignment of acreage problems. Please review your filing. If you have any questions concerning ...more  
163
Discussion
Post by nozzpackon May 11, 2022 1:55pm

News,.Upgrading the BOD for US Senior listing

  Permex Petroleum appoints Montgomery as CFO, secretary   2022-05-10 16:08 ET - News Release   Mr. Mehran Ehsan reports PERMEX PETROLEUM APPOINTS GREG MONTGOMERY AS CHIEF ...more  
158
Comment by nozzpackon May 10, 2022 2:19pm

RE:RE:RE:RE:11000' drilling permit!

Yes, at that depth depending on where in the Strayberry Trend the well is drilled, IP will vary from 75 bod to 150 bpd, so 100 bpd seems a reasonable estimated. Again, depending on where in the ...more  
77
Discussion
Comment by Bigshortieon May 10, 2022 1:05pm

RE:RE:RE:11000' drilling permit!

yeah, this is amazing. the fact that this is traded on CSX/OTC is the only reason it's cheap right now. that's the opportunity. I'm trying to discover what to expect from a conventional ...more  
83
Discussion
Comment by nozzpackon May 10, 2022 8:37am

RE:RE:11000' drilling permit!

Thank you  That is huge informartion The Sprayberry is located in the southern Midland Basin and is a major oil-producing formation, accounting for more than 700 million barrels of oil as ...more  
94
Discussion
Comment by Bigshortieon May 09, 2022 6:12am

RE:11000' drilling permit!

https://webapps.rrc.texas.gov/dpimages/img/6200000-6299999//PR0006282116_0001.pdf
83
Discussion
Post by Bigshortieon May 08, 2022 10:54pm

11000' drilling permit!

https://webapps2.rrc.state.tx.us/EWA/drillingPermitDetailAction.do?methodToCall=searchByUniversalDocNo&universalDocNo=495071397&rrcActionMan=H4sIAAAAAAAAAL1RS2vDMAz ...more  
269
Discussion
Comment by nozzpackon May 08, 2022 6:16pm

RE:comparable to Houston American

Thank you. I have been looking for proxies on the NYSE but found none. Husa is an excellent proxy which shows the tremendous upside here. I think we have an excellent investment here..
80
Discussion
Post by Bigshortieon May 08, 2022 5:31pm

comparable to Houston American

best comparable as far as company size, where it operates, etc. I think is Houston American Energy, HUSA: both primarily operate in the Permian. Husa has 4 wells producing ~10 bopd. Permex will have ...more  
215
Discussion
Comment by Bigshortieon May 08, 2022 6:02am

RE:RE:RE:RE:Nasdaq Listing

i wouldn't be stoked as a shareholder if we did that.
66
Discussion
Comment by nozzpackon May 08, 2022 4:42am

RE:RE:RE:Nasdaq Listing

A reverse takeover of one of the nano cap stocks trading on the Nasdaq is also an option. Some of these have market caps less than $10/m..
66
Discussion
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PROJECT HIGHLIGHTS COMPANY STORY & OPPORTUNITY MANAGEMENT & DIRECTORS RESERVES & RESOURCES INVESTORS NEWS & MEDIA CONTACT REGULATORY FILINGS

Investor Presentation

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Investment Opportunity


Targeted Oil & Gas Development and Producing Assets - Largest Petro Producing Basin in U.S.

Acquired Assets at a Discount during the Downcycle

Increased 2P Reserves from 9.5m BOE1 in Sep 2020 to 24.5 BOE (~ USD $285 PV-10 @ $65/BOE) in Nov 2021

Mix of Low-Cost Development Assets for Sustainable Growth + Blue Sky Projects for Scale Growth

Well Positioned for Next Growth Phase


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for Investor Relations, please contact:

Dave Gentry
RedChip Companies Inc.
+1-800-RED-CHIP (733-2447)
Or +1 407-491-4498
OILCF@redchip.com