Permex Petroleum Corp. , announced today that it has closed on multiple non-operated royalty interest acquisitions in 29 oil and gas wells located in the Permian Basin of west Texas, all of which have established long-term production. In addition to its own working interest ownership and operations across 4,000 acres in the Basin, Permex now holds royalty interests ownership in a total of 73 wells and 5 permitted wells [...]
Permex Petroleum Corp. announces that it has submitted an application to The Depository Trust Company for its shares being traded on the OTC Markets. The Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corporation DTCC, manages the electronic clearing and settlement of publicly traded companies. Securities eligible to be electronically cleared and settled through the DTC are considered "DTC [...]
Permex Petroleum Corp. announced today that it has closed on an acquisition of a non-operated royalty interest ownership in 11 horizontal oil and gas wells located in Midland, Texas. The wells are located in the Spraberry field in the Permian Basin of west Texas. Offset activity includes drilling and permitting by Occidental Petroleum and Matador Resources. The royalty purchase applies to existing production and future [...]
Permex Petroleum Corp. ", is pleased to announce the results of the Company's Annual General Meeting of Shareholders held in Vancouver, British Columbia on April 9, 2021. All of the matters presented to shareholders for consideration and approval in the Company's Management Information Circular were approved with near-unanimous support. A brief list of the most important items of business conducted at the Meeting is as [...]
Permex Petroleum Corp. today announced the official launch of its new investor relations website dedicated to providing timely company information to current and prospective investors. To access the new site, visit Permex's Website at www.permexpetroleum.com, and click on the "Investor Relations" tab directly located at the top right of the homepage. "The recent pandemic that we have all gone through has certainly changed [...]
Permex Petroleum Corp. " is pleased to announce the expansion of its royalty acquisitions program by purchasing producing royalty interests in horizontal oil and natural gas wells plus four permitted wells located in Lea County, New Mexico. Major structural features in the region of Permian Basin Source: U.S Information Administration To view an enhanced version of this graphic, please visit [...]
Permex Petroleum Corp. is pleased to announce the purchase of producing royalty interests in horizontal oil and natural gas wells located in Atascosa and La Salle Counties, Texas. These fields are located within the Eagleville field of the Eagle Ford Shale. They have produced an average of 7,248 barrels of oil per day and 9.06 million cubic feet of gas per day over the past five month reported period from completion [...]
Permex Petroleum Corp. " is pleased to announce the purchase of various producing royalty interests in Horizontal oil and natural gas wells and one permitted well located in Upton County, Texas. The oil and natural gas wells are within the Spraberry field of the Permian Basin and have produced an average of approximately 10,243 barrels of oil per day and 7,707 million cubic feet of gas per day over the past five month [...]
Permex Petroleum Corp. is pleased to announce the closing of the previously announced Central Basin asset disposition. As disclosed in the Corporation's December 10, 2020 news release, Permex entered into a purchase and sale agreement for sale of its Central Basin property. The purchasers conducted their customary due diligence and successfully closed on the transaction. Permex will utilize the funds to strengthen its [...]
Permex Petroleum Corp. is pleased to announce that it has entered into an agreement with an arm's-length Texas based, private oil and gas exploration and production company to divest of the company's Central Basin property for an approximate gross transaction value of $1.31M USD in cash, prior to customary closing adjustments . Pursuant to the agreement, which has an effective date of October 1, 2020. The purchasers will [...]
Permex Petroleum Corp. today announced that the Company's Annual General Meeting originally to be held in December 2020 is being rescheduled to April 9, 2021 due to the continuing COVID-19 epidemic. "Under the current assembly restrictions and circumstances, the attendance from management and shareholders would not be possible. Therefore, we are rescheduling the annual general meeting in the hope that it can be held under [...]
At the request of IIROC, Permex Petroleum Corp. wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. About Permex Petroleum Corporation - www.permexpetroleum.com Permex Petroleum is a uniquely positioned junior Oil & Gas company with assets and operations across the Permian Basin of west Texas and the [...]