Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation
Company Logo

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)

View:
Prev 1 2 3 4 5 6 7 8 9 Next
Comment by nozzpackon May 08, 2022 4:28am

RE:RE:Nasdaq Listing

Back door via the current US listing provides the option,,
63
Discussion
Comment by Bigshortieon May 07, 2022 6:42pm

RE:Production Profile from Recompletions of NM Shut in Wells

to my knowledge they only plan on re-entering 20 wells for now. using you're analysis, say 12.5 bopd that's about 90000/year that's still $10 000 000/yr. the cashflow opens up much more ...more  
76
Discussion
Comment by Bigshortieon May 07, 2022 4:51pm

RE:Drilling in 2022

2 wells and the ones coming online should see revenue of $5.9m this year. I'm assuming year end is September? that's not bad at all considering thats only a couple of wells online for a few ...more  
83
Discussion
Comment by Bigshortieon May 07, 2022 4:48pm

RE:Nasdaq Listing

The $3/share rule seems a little arbitrary, but wouldn't be surprised if some kind of reverse split happens to get up to $1.50 or something. My understanding is that the uplisting should take ...more  
94
Discussion
Post by nozzpackon May 05, 2022 6:18am

Drilling in 2022

So far, two vertical wells which should quickly boost production..
142
Discussion
Comment by nozzpackon May 04, 2022 5:59pm

RE:Nasdaq Listing

More likely the NYSE..
54
Discussion
Post by nozzpackon Apr 29, 2022 8:10am

Oil Prices Will Jump in 4-6 weeks

This is because the  U.S. Department of Energy announced that it began releasing 30 million barrels as part of President Biden’s historic Strategic Petroleum Reserve Release. These ...more  
116
Post by nozzpackon Apr 28, 2022 7:28am

$10 million CAD in cash

This should allow them to quickly grow production as workovers are cheap. $21 million market cap and 2P reserves valued at NPV discounted 10 % of $269 million. No where to go buy upwards..
95
Comment by nozzpackon Apr 26, 2022 6:58am

RE:Conversion of vertical wells to horizontal and / or laterals

I note that in the Permian right now up to 6 wells can be drilled as laterals from the same drilling pad. That number will continue to increase as technology advances seismic precision. Note also ...more  
57
Discussion
Post by nozzpackon Apr 25, 2022 9:24am

Nasdaq Listing

I did not think that this was possible even tho Permex would meet all requirements except the $3 share price. After more research, I found that exceptions have been made if the company already has ...more  
135
Discussion
Post by nozzpackon Apr 24, 2022 1:18pm

Conversion of vertical wells to horizontal and / or laterals

This is where signifucant production gains can be made particularly in the San Andreus and Spraybury formations. Drilling costs are about $500 per foot which implies about $5 million for a 10,000 ft ...more  
165
Discussion
Comment by nozzpackon Apr 24, 2022 1:01pm

RE:Potential for EOR…Enhanced Oil Recovery ..in Permian

Just to be clear , the wells owned by Permex are not Shale wells but good old fashioned Permian oil wells in the upper formations . Unlike Shale wells which are expensive to drill with sharp decline ...more  
75
Discussion
Post by nozzpackon Apr 24, 2022 10:04am

Potential for EOR…Enhanced Oil Recovery ..in Permian

By Michael Anthony Published: Feb. 25, 2022 at 6:56 PM NST WILLISTON, N.D. - The Bakken has now been labeled as a ...more  
114
Discussion
Post by nozzpackon Apr 24, 2022 9:54am

Permian Well Production set to Break new Records in 2022

As of March 2022, average wells are producing in excess of 1100 barrels of oil per day.. https://oilprice.com/Energy/Energy-General/Permian-Average-Well-Production-Is-Set-To-Break-Records-In ...more  
123
Prev 1 2 3 4 5 6 7 8 9 Next
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

Connect with C.OIL


PROJECT HIGHLIGHTS COMPANY STORY & OPPORTUNITY MANAGEMENT & DIRECTORS RESERVES & RESOURCES INVESTORS NEWS & MEDIA CONTACT REGULATORY FILINGS

Investor Presentation

View the Presentation

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


Facebook

Contact Us

for Investor Relations, please contact:

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