Permex Petroleum Corporation C.OIL

Alternate Symbol(s): OILCF

Energy Oil & Gas E&P

Permex Petroleum Corporation, an independent energy company, acquires, explores for, develops, and produces oil and gas properties on private, state, and federal land in the United States. Its oil and natural gas properties located within the Permian Basin region of West Texas and Southeast New Mexico that includes the Midland and Delaware Basins, as well as the Central Basin Platform. Permex Petroleum Corporation was incorporated in 2017 and is headquartered in Houston, Texas.

CSE:OIL - Post by User

Permex Petroleum Corporation

<< Previous

Bullboard Posts

Next >>

(4778)
•••

Post by nozzpackon May 20, 2022 6:41am

243 Views

Post# 34697487

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 INCOME(1)	PRE-TAX PRESENT VALUE (10%)
Proved
Developing Producing	404,470	319,180	$15,731,480	$7,892,300
Developed Non-Producing	192,290	98,390	$7,962,580	$4,486,430
Undeveloped	7,460,810	3,188,700	$313,779,430	$117,303,690
Total Proved	8,057,570	3,606,270	$337,473,490	$129,682,420
Total Probable	13,782,130	11,169,750	$586,858,580	$155,388,830
Total Proved + Probable	21,839,700	14,776,020	$924,332,070(1)	$285,071,250
Total increase over September 2020	+168%	+78%	+296%	+222%