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Bullboard - Stock Discussion Forum Permex Petroleum Corp C.OIL

Alternate Symbol(s):  OILCF

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 Leases are situated in Martin County, Texas. The Pittcock Leases are... see more

Bullboard (CSE:OIL)

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Comment by nozzpackon May 31, 2022 9:53am

RE:West Texas Internediate hits $145 CAD per Barrel

Management continued its optimization, stimulation and rework of its shut-in wells located in both Texas and New Mexico. Currently the Henshaw Premier Unit and Oxy Yates properties are being ...more  
Post by nozzpackon May 29, 2022 7:17am

West Texas Internediate hits $145 CAD per Barrel

West Texas Intermediate crude for July delivery added 98 cents to $115.07 on the New York Merc, while Brent for July added $2.03 to $119.43 (all figures in this para U.S.). Western Canadian Select ...more  
Post by nozzpackon May 27, 2022 8:02am

Just need Volume

The story line is very easy to tell and outcome metrics are obvious. US listing is coming so volume will pick up very quickly..
Post by nozzpackon May 20, 2022 10:09am

Peer Cash flow Based Valuation

Based on permutations of  exit 2022 oil production @$100 US oil = $125 in CAD , 55 % of gross cash flow margin and 7.5 times annualized cash flow.. Annualized Production       ...more  
Post by nozzpackon May 20, 2022 6:41am

2P Reserves of 24.3 million barrels..NPV $295 million

2021 RESERVES SUMMARY SUMMARY OF PROVED, PROBABLE (2P) RESERVES (As of September 2021) $ Amounts in USD   OIL (BBL) GAS (MCF) FUTURE NET  ...more  
Post by nozzpackon May 16, 2022 5:57pm

Oil at $140 CAD

Let's get those workovers and drills goin..
Comment by nozzpackon May 16, 2022 1:43pm

RE:RE:Problem with Drill Permit.

They are in the process of obtaining a Rule 37/38 towards the Permit, which would then be approved and move forward with drilling. So, no problem..
Comment by nozzpackon May 12, 2022 8:11pm

RE:Problem with Drill Permit.

Depth severance/ double assignment  is not a uncommon problem and modifications have been made to the regulations . This link will provide a detailed understanding .. https://oilandgaslawdigest ...more  
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Post by Bigshortieon May 11, 2022 4:19pm

Problem with Drill Permit.

probably nothing, but this stands out to me: Your filing has been identified with possible SWR 40 double assignment of acreage problems. Please review your filing. If you have any questions concerning ...more  
Post by nozzpackon May 11, 2022 1:55pm

News,.Upgrading the BOD for US Senior listing

  Permex Petroleum appoints Montgomery as CFO, secretary   2022-05-10 16:08 ET - News Release   Mr. Mehran Ehsan reports PERMEX PETROLEUM APPOINTS GREG MONTGOMERY AS CHIEF ...more  
Comment by nozzpackon May 10, 2022 2:19pm

RE:RE:RE:RE:11000' drilling permit!

Yes, at that depth depending on where in the Strayberry Trend the well is drilled, IP will vary from 75 bod to 150 bpd, so 100 bpd seems a reasonable estimated. Again, depending on where in the ...more  
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Comment by Bigshortieon May 10, 2022 1:05pm

RE:RE:RE:11000' drilling permit!

yeah, this is amazing. the fact that this is traded on CSX/OTC is the only reason it's cheap right now. that's the opportunity. I'm trying to discover what to expect from a conventional ...more  
Comment by nozzpackon May 10, 2022 8:37am

RE:RE:11000' drilling permit!

Thank you  That is huge informartion The Sprayberry is located in the southern Midland Basin and is a major oil-producing formation, accounting for more than 700 million barrels of oil as ...more  
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Comment by Bigshortieon May 09, 2022 6:12am

RE:11000' drilling permit!

https://webapps.rrc.texas.gov/dpimages/img/6200000-6299999//PR0006282116_0001.pdf
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Post by Bigshortieon May 08, 2022 10:54pm

11000' drilling permit!

https://webapps2.rrc.state.tx.us/EWA/drillingPermitDetailAction.do?methodToCall=searchByUniversalDocNo&universalDocNo=495071397&rrcActionMan=H4sIAAAAAAAAAL1RS2vDMAz ...more  
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