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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

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Comment by nozzpackon May 08, 2022 6:16pm

RE:comparable to Houston American

Thank you. I have been looking for proxies on the NYSE but found none. Husa is an excellent proxy which shows the tremendous upside here. I think we have an excellent investment here..
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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  
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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.
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..
Comment by nozzpackon May 08, 2022 4:28am

RE:RE:Nasdaq Listing

Back door via the current US listing provides the option,,
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Comment by Bigshortieon May 07, 2022 6:44pm

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

*your* ^^
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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  
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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  
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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  
Post by nozzpackon May 05, 2022 6:18am

Drilling in 2022

So far, two vertical wells which should quickly boost production..
Comment by nozzpackon May 04, 2022 5:59pm

RE:Nasdaq Listing

More likely the NYSE..
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  
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..
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  
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  
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