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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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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  
Comment by nozzpackon Apr 24, 2022 1:01pm

RE:Potential for EOR…Enhanced Oil Recovery ..in Permian

Just to be clear , the wells owned by Permex are not Shale wells but good old fashioned Permian oil wells in the upper formations . Unlike Shale wells which are expensive to drill with sharp decline ...more  
Post by nozzpackon Apr 24, 2022 10:04am

Potential for EOR…Enhanced Oil Recovery ..in Permian

By Michael Anthony Published: Feb. 25, 2022 at 6:56 PM NST WILLISTON, N.D. - The Bakken has now been labeled as a ...more  
Post by nozzpackon Apr 24, 2022 9:54am

Permian Well Production set to Break new Records in 2022

As of March 2022, average wells are producing in excess of 1100 barrels of oil per day.. https://oilprice.com/Energy/Energy-General/Permian-Average-Well-Production-Is-Set-To-Break-Records-In ...more  
Post by nozzpackon Apr 24, 2022 9:14am

Production Profile from Recompletions of NM Shut in Wells

Initial production will be sourced from mature, long life  shut in wells from the Grayburg formation of New Mexico. Historical recovery rates of 12% means that 88% of  reservoir oil remains ...more  
Post by nozzpackon Apr 24, 2022 8:27am

Permian Basin Good Place to Be

Stretching across West Texas and southeast New Mexico, the Permian Basin is now the largest oil-producing field in the world, with daily production of more than 4.3 million barrels of oil and 14 ...more  
Post by nozzpackon Apr 23, 2022 8:42am

Brutally undervalued…and Substantial Upside Explained

Mehran Ehsan, Chief Executive Officer of Permex Petroleum, is scheduled to host a presentation at both conferences as follows: Noble Capital Markets - NobleCon18  Date: Thursday, April 21 ...more  
Post by nozzpackon Apr 22, 2022 2:18pm

Brutally Undervalued

    2021-11-30 19:44 ET - News Release   Mr. Mehran Ehsan reports PERMEX PETROLEUM CORPORATION CONFIRMS 24.5 MILLION BARRELS OF OIL EQUIVALENT OF RESERVES ON ITS PERMIAN BASIN ...more  
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  • ClapyourcheeksX
Post by Clapyourcheekson Apr 02, 2022 2:54pm

Alert!! Undervalued!!$$$$$&!!$$

https://www.google.com/finance/quote/PTC:CVE?hl=en
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  • oldmilwaukee24X
Comment by oldmilwaukee24on Apr 01, 2022 1:12pm

RE:Where are the shareholders?

Quite possibly just the calm before the storm. This company looks like it is ready to take it to the next level. When you look at uplist, raising money in this environment, their balance sheet, and ...more  
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  • Devil666X
Post by Devil666on Mar 18, 2022 8:34am

Where are the shareholders?

Am i alone here...no comments from anybody...strange...
Comment by 13X2413on Mar 09, 2022 10:26am

RE:Oils well that ends well

Woke me up. I should have stayed in bed. #%+=!!
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  • SCARSURFING X
Post by SCARSURFING on Mar 07, 2022 10:59am

Finally Moving up!

Was hanging around .20 cents too long.
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  • hintonkidX
Post by hintonkidon Feb 12, 2022 10:54pm

Oil major selling it's assets in the Permian.

Rumor has it that , if I remember rightly, Chevron, is looking to sell off it's assets in the Permian.   If this is indeed so, then, maybe Permex might be able to pick up, at least one ...more  
Post by mac81on Jan 19, 2022 4:26pm

Oils well that ends well

The price of oil is going up practically every day. Permex just sits there like a lump. There's some kind of disconnect here, but you have to figure it can't last. Maybe $100 oil will wake ...more  
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