Permex Petroleum Corporation Signs Transformational LOI to Acquire a 7,800-Acre Oil & Gas Asset in the Permian Basin of West Texas
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation"), a leading junior oil and gas company, has entered into a non-binding Letter of Intent ("LOI") with an arms-length third party independent seller(s), for the purchase of all the seller's rights, title, 3D seismic data and interests in their oil and gas assets located in Martin County, Texas. Under the terms of the LOI, the purchase price...
2021-09-13 9:00 AM EDT
Permex Petroleum Announces Additional Oil and Natural Gas Royalty Acquisitions in Texas
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), announced today that it has closed on multiple non-operated royalty interest ("RI") 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...
2021-06-23 8:00 AM EDT
Permex Petroleum Announces Application for DTC Eligibility for Its Shares on OTCQB Market
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") announces that it has submitted an application to The Depository Trust Company ("DTC") 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...
2021-05-05 8:00 AM EDT
Permex Petroleum Announces Midland County, Permian Basin, Oil and Natural Gas Royalty Acquisition
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") announced today that it has closed on an acquisition of a non-operated royalty interest ("RI") 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...
2021-04-20 8:00 AM EDT
Permex Petroleum Corporation Announces Results of AGM
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company)", is pleased to announce the results of the Company's Annual General Meeting of Shareholders (the "Meeting") 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...
2021-04-12 5:15 PM EDT
Permex Petroleum Corporation Launches New Investor Relations Website
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") 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...
2021-04-01 8:00 AM EDT
Permex Petroleum Corporation Expands Its Oil and Natural Gas Royalty Acquisitions into the Permian Basin of New Mexico
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2021) - Permex Petroleum Corporation ("Permex" or the "Company)" (CSE: OIL) (OTCQB: OILCF) is pleased to announce the expansion of its royalty acquisitions program by purchasing producing royalty interests in (5) horizontal oil and natural gas wells plus four permitted wells located in Lea County, New Mexico. Major structural features in the
2021-03-16 7:30 AM EDT
Permex Petroleum Corporation Announces Two Additional Oil and Natural Gas Property Royalty Acquisitions in Texas
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") is pleased to announce the purchase of producing royalty interests in (15) 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 ("BOPD") and 9.06 million cubic feet of gas...
2021-02-24 9:11 AM EST
Permex Petroleum Corporation Announces Permian Basin Oil and Natural Gas Royalty Acquisition
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company)" is pleased to announce the purchase of various producing royalty interests in (10) 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 ("BOPD") and...
2021-02-04 8:00 AM EST
Permex Petroleum Announces the Closing of Previously Announced Strategic Divestiture
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") 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...
2020-12-22 3:00 PM EST
Permex Petroleum Announces Strategic Divestiture of Central Basin Property
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") 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 (the "Purchaser") 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 (the...
2020-12-10 9:00 AM EST
Permex Petroleum Corporation Confirms Extension and Sets Date of Annual General Meeting Due To Continuation of The COVID-19 Pandemic
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (the "Company") today announced that the Company's Annual General Meeting (AGM) 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...
2020-11-13 7:00 AM EST
Permex Petroleum Corporation is Unaware of Any Material Change
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2020) - At the request of IIROC, Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (the "Company") 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 (CSE: OIL) (OTCQB: OILCF) - www.permexpetroleum.com Permex Petroleum is a uniquely positioned junior Oil & Gas company with...
2020-04-23 4:18 PM EDT
Permex Petroleum Corporation Changes Date of Annual General Meeting Due to COVID-19 Pandemic
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (the "Company") today announced that the Company's Annual General Meeting (AGM) originally scheduled for April 30, 2020 is being rescheduled 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...
2020-04-09 7:20 AM EDT
Permex Petroleum Corporation Announces Addition to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce the appointment of an additional member to the Company's Board of Directors. Permex Petroleum is welcoming Greg Montgomery as the newest member of their Board of Directors. Mr. Montgomery has been an executive business consultant who has held the office of CFO for Oiltanking North America, Semarus Energy Advisors, Lion...
2020-03-16 7:20 AM EDT
Permex Petroleum Corporation Publishes Annual CEO Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF) (the "Corporation") announces that it has published its Annual Letter to Shareholders from CEO, Mehran Ehsan, on the Company's website at: http://www.permexpetroleum.com/news/news/. 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...
2020-01-30 7:20 AM EST
Permex Petroleum Announces the Opening of a New Office in Dallas, Texas
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2019) - Permex Petroleum Corporation, (CSE: OIL) (the "Corporation") announces the opening of a new office in Dallas, Texas, which can strengthen the company's partnerships with local investment bankers, operators, marketers and agencies in the region. This expansion positions Permex to enhance its current operation in the Permian Basin of west Texas, and increase its corporate footprint. "The decision to expand into the Dallas/Fort...
2019-12-17 7:20 AM EST
Permex Petroleum Announces $500,000 Secured Convertible Debenture Financing
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2019) - Permex Petroleum Corporation, (CSE: OIL), (the "Corporation") announces that it will conduct a non-brokered private placement (the "Private Placement") of a secured convertible debentures (the "Debentures") in the principal amount of up to $500,000. The Debenture will mature on the second anniversary of the date of issuance (the "Maturity Date") of the Debentures and bear interest at a rate of 12% per annum, payable on the...
2019-09-23 7:20 AM EDT
Permex Petroleum Cancels Final Tranche of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2019) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF), (the "Corporation") announces that the proposed second tranche of the private placement announced April 22, 2019 is cancelled at this time due to abatement of interest stemming from lower oil prices, consumer sentiment and related weakness in the junior resource sector. Permex CEO Mr. Mehran Ehsan states, "Management has re-evaluated the current private placement taking...
2019-09-05 7:20 AM EDT
Permex Petroleum Corporation Reports Increased Revenue for its Q3 2019
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") has announced its 3rd fiscal quarter highlights for the period ended June 30, 2019. Q3 2019 HIGHLIGHTS Achieved revenue of $420,941.00, which represents an increase of 242% over the same quarter in 2018. Improved operating netback by 485% to $26.71/boe, over the same quarter in 2018. Reduced general and administration costs to $294,904.00,...
2019-08-29 6:29 PM EDT