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Permex Petroleum Corporation C.OIL

Alternate Symbol(s):  OILCF

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

Post by nozzpackon May 20, 2022 6:41am
243 Views
Post# 34697487

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

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%

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