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 > Production Profile from Recompletions of NM Shut in Wells

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Comment by Bigshortieon May 07, 2022 6:42pm

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Post# 34664855

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 opportunity though.

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