Permex Petroleum Corp C.OIL

Peer Cash flow Based Valuation

[nozzpack]

Based on permutations of  exit 2022 oil production @$100 US oil = $125 in CAD , 55 % of gross cash flow margin and 7.5 times annualized cash flow..

Annualized Production        Revenue        Cash flow       CF Multiple         Fair value/share

100,000 barrels                   $12.5 m            $7 m                 7.5                   $0.45  

200,000 Barrels                   $25.0 m           $14 m                7.5                   $0.90

300,000 barrels                    $37.5 m           $21 m                7.5                   $1.35  

500,000 barrels                    $62.5 m           $34 m                7.5                    2.20


Given substantial 2 P reserves ( 24.3 m barrels )  and no debt, the above 7.5 times cash flow multiple is probably conservatuve