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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

CSE:OIL - Post Discussion

Permex Petroleum Corp > Permian Well Production set to Break new Records in 2022
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Post by nozzpack on 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-2022.html

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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