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 situated in Stonewall County in Northwest Texas, located in the central part of the North Central Plains and consists of the Pittcock North property, the Pittcock South property and the Windy Jones Property. The Mary Bullard Property is located in Stonewall County. The West Henshaw Property is located in Eddy County, New Mexico, 12 miles northeast of Loco Hills in the Delaware basin. The Oxy Yates Property is located in Eddy County. It holds royalty interests in 73 producing oil and gas wells and five permitted wells across 3,800 acres within the Permian Basin of Texas and southeast New Mexico.

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Permex Petroleum Corp > Conversion of vertical wells to horizontal and / or laterals

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Comment by nozzpackon Apr 26, 2022 6:58am

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Post# 34631215

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 that abiotic oil seeps continue to increase Oil in Place for these wells..

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