Permex Petroleum Corp C.OIL

West Texas Internediate hits $145 CAD per Barrel

[nozzpack]

West Texas Intermediate crude for July delivery added 98 cents to $115.07 on the New York Merc, while Brent for July added $2.03 to $119.43 (all figures in this para U.S.).

Western Canadian Select traded at a discount of $18.00 to WTI, unchanged. Natural gas for July lost 17 cents to $8.73. The TSX energy index added 4.38 points to close at 270.48.

Oil prices climbed to their highest levels in 11 weeks, as North Americans headed into the unofficial start of the summer driving season (the U.S. Memorial Day long weekend). U.S. gasoline stockpiles are at their lowest seasonal level in eight years

[nozzpack]

Management continued its optimization, stimulation and rework of its shut-in wells located in both Texas and New Mexico. Currently the Henshaw Premier Unit and Oxy Yates properties are being reworked with an estimated 5 addition wells combined to be brought online by the second week of June. Furthermore, management has begun its permitting process of drilling two wells on its flagship

[nozzpack]

Oil  Stocks were up again today. Good progress towards a senior US listing. Onwards and upwards..