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Bullboard - Stock 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. It has assets and operations in the Permian Basin which includes the Midland Basin and Delaware Basin. The Breedlove B Clearfork properties are situated in Martin County, Texas. The Pittcock Leases are... see more

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Bullboard (CSE:OIL)

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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

244

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.

Discussion

Energy Co Unveils Q3 2024 Results: Record Growth & Strategic Expansion

posted Nov 21, 2024 9:00am by Coelacanth Energy Inc.

In Q3 2024, Coelacanth started the construction of its planned $80.0 million infrastructure project that includes over 35 kilometers of pipelines and a facility to handle current behind pipe volumes and future expansions. Ultimately the facility will be able to handle approximately 16,000 boe/d of which Coelacanth has approximately 4,400 boe/d tested but shut-in at the 5-19 Two Rivers East pad ...read more

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..

Discussion

Comment by nozzpackon May 08, 2022 4:28am

RE:RE:Nasdaq Listing

Back door via the current US listing provides the option,,

Discussion

Comment by Bigshortieon May 07, 2022 6:44pm

RE:RE:Production Profile from Recompletions of NM Shut in Wells

*your* ^^

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

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

102

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

114

Discussion

Post by nozzpackon May 05, 2022 6:18am

Drilling in 2022

So far, two vertical wells which should quickly boost production..

169

Discussion

Comment by nozzpackon May 04, 2022 5:59pm

RE:Nasdaq Listing

More likely the NYSE..

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

143

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..

109

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

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

161

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

190

Discussion

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Bullboard - Stock Discussion Forum Permex Petroleum Corp C.OIL

Alternate Symbol(s): OILCF

Bullboard (CSE:OIL)

comparable to Houston American

RE:RE:RE:RE:Nasdaq Listing

Energy Co Unveils Q3 2024 Results: Record Growth & Strategic Expansion

RE:RE:RE:Nasdaq Listing

RE:RE:Nasdaq Listing

RE:RE:Production Profile from Recompletions of NM Shut in Wells

RE:Production Profile from Recompletions of NM Shut in Wells

RE:Drilling in 2022

RE:Nasdaq Listing

Drilling in 2022

RE:Nasdaq Listing

Oil Prices Will Jump in 4-6 weeks

$10 million CAD in cash

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

Nasdaq Listing

Conversion of vertical wells to horizontal and / or laterals

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Bullboard - Stock Discussion Forum Permex Petroleum Corp C.OIL

Alternate Symbol(s): OILCF

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