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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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Comment by raberon Jan 10, 2024 3:40pm

RE:Dud

back to 20 dollars
63
Discussion
Post by Bigshortieon Sep 01, 2023 4:26am

Dud

I got out at a loss months back, but looking back, what a p.o.s. this company is. If youre in Canada, look at companies like tenth ave or prospera instead. Woof.
319
Discussion
Post by ETalienon May 02, 2023 10:19am

Check out VRY... NEWS!

  Petro-Victory pegs 2P reserves at 6.93 Mboe   2023-05-02 10:09 ET - News Release   Mr. Richard Gonzalez reports PETRO-VICTORY ENERGY CORP ANNOUNCES 43% INCREASE IN PROVED ...more  
261
Post by hintonkidon Apr 10, 2023 1:56pm

Exxon Mobile buying Pioneer Corporation

BNN Bloomberg just announced that Exxon Mobie Corporation is buying Pioneer Corporation, one of the largest players in the Permian Basin.  Will other players start to take a serious look at ...more  
318
Post by hintonkidon Apr 02, 2023 9:56pm

OPEC announces surprise oil production cut.

BNN Bloomberg is reporting that OPEC just announced a surprise oil production cut of over 1 million barrels per day causing a shock to the markets.  WTI has climbed by $3.91 to $79.54 at the time ...more  
264
Post by Bigshortieon Feb 13, 2023 8:01am

Annual report filed

Revenues in the range of ~$850k, assets with the new well up to $~12.5m. Expect 2023 revenues to be considerably higher :).
658
Post by Bigshortieon Jan 26, 2023 11:54am

Horizontal leg on recently drilled well.

Apparently Permex did a "call" with their one and only "analyst" and they are currently servicing their new well (swabbing/testing is my guess) to remove fluid. It's expected ...more  
547
Post by Bigshortieon Jan 10, 2023 4:37pm

From NT10-K

Ended Sept.22 Expects revenue ~$916k compared to $95k last year   Operating expenses/losses $4.06m/$3.16m vs $1.34m/$1.25m last year.   Excusing the late filing to do transition to ...more  
421
Comment by Bigshortieon Nov 16, 2022 6:52pm

RE:RE:Steaming heap of you know what

They literally could have done nothing and the stock would be worth twice as much. Probably more after announcing drill results.
258
Discussion
Comment by oldmilwaukee24on Nov 16, 2022 11:14am

RE:Steaming heap of you know what

Quite literally unbelievable. What are these guys doing?  Painful.  
220
Discussion
Post by oldmilwaukee24on Nov 11, 2022 10:54am

Steaming heap of you know what

Management has absolutely decimated this. Better hope this listing pays off. Violently abused longtime shareholders with this move. Clearly I'm not the only one with this opinion (see price action ...more  
465
Discussion
Comment by winr88on Nov 10, 2022 12:04pm

RE:RE:RE:re: Share consolidation

They are listed now on the NYSE American which has a Market cap requirement of only 4 million.
170
Discussion
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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