Permex Petroleum Corp C.OIL

Alternate Symbol(s): OILCF

Energy Oil & Gas E&P

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 situated in Stonewall County in Northwest Texas, located in the central part of the North Central Plains and consists of the Pittcock North property, the Pittcock South property and the Windy Jones Property. The Mary Bullard Property is located in Stonewall County. The West Henshaw Property is located in Eddy County, New Mexico, 12 miles northeast of Loco Hills in the Delaware basin. The Oxy Yates Property is located in Eddy County. It holds royalty interests in 73 producing oil and gas wells and five permitted wells across 3,800 acres the Permian Basin.

CSE:OIL - Post by User

Permex Petroleum Corp

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Post by Bigshortieon Jan 10, 2023 4:37pm

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Post# 35214351

From NT10-K

Ended Sept.22 Expects revenue ~$916k compared to $95k last year

Operating expenses/losses $4.06m/$3.16m vs $1.34m/$1.25m last year.

Excusing the late filing to do transition to GAAP rules and a new auditor.

Question for me is what the new well is producing for revenue and how much of that cost was absorbed in fy2022. Should have cash to spare with increased revenue.

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