Increased Offset Investment & Horizontal Drilling Surrounds Permex's Assets & Operations in Texas
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") announces positive offset operator well results in conjunction with our operational team receiving confirmation from Working Interest partners for additional well location and possible horizontal drilling joint venture program. Permex has continued its strategy of staying debt free in an environment where the burden of debt can drive good oil...
2019-06-25 7:20 AM EDT
Permex Petroleum Corporation to Participate at Montreal Capital Investment Conference
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") today announced that it will be participating in the Montreal Capital Investment Conference. President and CEO Mehran Ehsan will be meeting with investors and financial professionals to discuss the company's operational plans for the second half of 2019 and the various milestones it looks to achieve for corporate growth. Capital Event...
2019-06-03 7:20 AM EDT
Permex Petroleum Corporation Announces Closing of First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce that it has completed the first tranche of its non-brokered private placement (the "Private Placement") previously announced on April 22, 2019. The first tranche raised a total of $607,554.90 from the issuance of 4,050,366 units ("Units") at a price of $0.15 per Unit. Each Unit consists of one common share (a "Share") and...
2019-05-09 7:20 AM EDT
Permex Petroleum Corporation Enters into an Investor Relations Agreement with Frontier Merchant Capital Group
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce that it has retained the services of FronTier Merchant Capital Group ("FronTier") to provide Investor relations and marketing services. FronTier is an investor relations group with a home office in Toronto, Canada. FronTier will assist the company by increasing market awareness for the company using a number of financial...
2019-05-08 7:20 AM EDT
Permex Petroleum Announces Non-Brokered Private Placement of up to C$1.5M of Units
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2019) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF) (the "Corporation") announced today that it is conducting a non-brokered private placement financing of a minimum of 4,000,000 units (the "Units") up to a maximum of 10,000,000 units (the "Units") at a price of C$0.15 per Unit (the "Offering"), for minimum aggregate proceeds of $600,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share (a "Common...
2019-04-22 7:20 AM EDT
Permex Petroleum Corporation Approved for Listing and Trading on USA OTC Exchange
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2019) - Permex Petroleum Corporation. (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") is pleased to announce that the OTC Markets Group has approved the listing of the Company's shares on its OTCQB Market under the ticker symbol "OILCF" and that trading will begin at market open on April 17, 2019. The Company's common shares will continue to trade on the Canadian Securities Exchange (the "CSE") under the symbol OIL. "Trading on...
2019-04-17 7:20 AM EDT
Permex Petroleum Submits Application for Listing on the OTCQB Exchange
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2019) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") announced today that the Company has submitted its application to list on the OTCQB tier of OTCMarkets in the United States. The Company stated that they meet all of the requirements to be eligible for OTCQB. The OTCQB membership provides enhanced investor benefits, including more stringent reporting standards, increased analyst coverage and access to news...
2019-04-11 7:20 AM EDT
Permex Petroleum Non-Brokered Private Placement Cancelled
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2019) - Permex Petroleum Corporation (CSE: OIL) (the "Corporation") today announces the termination of the non-brokered private placement offering (the "Offering") of up to 7,500,000 units ("Units") at a price of $0.20 per Unit that the Company previously announced on January 9, 2019. The Company has determined in light of market conditions that the current offering should be cancelled until further notice. About Permex Petroleum...
2019-03-11 7:20 AM EDT
Permex Petroleum Announces Non-Brokered Private Placement of up to C$1.5M of Units
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2019) - Permex Petroleum Corporation (CSE: OIL) (the "Corporation") announced today that it is conducting a non-brokered private placement financing of a minimum of 2,500,000 units (the "Units") up to a maximum of 7,500,000 units (the "Units") at a price of C$0.20 per Unit (the "Offering"), for minimum aggregate proceeds of $500,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share (a "Common Share") in the...
2019-01-09 7:20 AM EST
Permex Petroleum Corporation Publishes Annual Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2019) - Permex Petroleum Corporation (CSE: OIL) ("Permex") 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 Texas and the Delaware...
2019-01-04 7:20 AM EST
Permex Petroleum to be Featured on CEO Clips on the BNN Bloomberg Channel
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2018) - BTV's CEO Clips, a series of short video profiles on innovative publicly traded companies across North America, will feature Permex Petroleum (CSE: OIL) on the BNN Bloomberg Channel on November 10th and 11th, throughout the day and evenings. View link: https://www.b-tv.com/permex-petroleum-ceo-clip-90sec/. Further online distribution through BTV's CEO Clips include: BNN.ca, Thomson Reuters Insider Network Terminals, Yahoo...
2018-11-05 7:20 AM EST
Permex Petroleum Corporation Announces Addition to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") is pleased to announce the appointment of an additional member to the Company's Board of Directors. Permex is welcoming Doug Urch as the newest member of their Board of Directors. Doug Urch is a Chartered Professional Accountant (CPA) and a member of the Institute of Corporate Directors (ICD), with a degree in Commerce. He has been involved in the oil and gas...
2018-11-01 7:20 AM EDT
Permex Petroleum Corporation Announces USD $5 Million Loan Facility
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") is pleased to announce that it has secured a $5,000,000 USD lending agreement (the "Loan") with R.C. Morris Capital Management Ltd. (the "Lender"). The Company has qualified for an initial cash issuance of USD $2,000,000. The additional draws will be available depending on satisfaction of relevant terms and conditions met on both sides. Permex intends to use...
2018-10-16 7:20 AM EDT
Permex Petroleum Corporation Announces Commencement of the Bullard Property Enhanced Oil Recovery Waterflood Program
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company)" announces that its Enhanced Oil Recovery ("EOR") Waterflood program aiming to increase oil production will commence next week within the Bullard Tannehill Unit (located in Stonewall, Texas). The program will target the extent of the Upper and Lower Tannehill formation utilizing three to four water injection wells, three receiver wells and a water supply well....
2018-10-09 7:20 AM EDT
Permex Petroleum Corporation Announces Successful Completion of the Bullard Property Enhanced Oil Recovery Waterflood Modelling
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") announced today that it has completed Phase One of the Bullard Property Enhanced Oil Recovery ("EOR") Waterflood Modelling Project. The purpose of this report is to study the available production, injection and petrophysical data to determine how to optimize and restart this underperforming waterflood with the aim to rejuvenate and yield increased oil...
2018-09-06 7:30 AM EDT
Permex Petroleum Corporation Reports Production Increase from its Two Re-completed Wells and Results of its First Waterflood EOR
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company)" is pleased to announce the successful results obtained from its first two ("Test well re-entries") and waterflood EOR on one of its properties located in Stonewall County, Texas. In July 2018 Permex began its first round of two pilot re-entry wells out of the 37 it now owns. The re-entry and re-stimulation involved the Bullard property targeting the Tannehill...
2018-08-28 7:30 AM EDT
Permex Petroleum Corporation Announces Appointment of Two Technical Team members to the Advisory Board
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") is pleased to announce two technical advisors to the board of advisory of the Corporation. The Board of Directors has nominated and approved two new Advisory Board Members: Peter Dorrins and Dianna Goldstein. Peter Dorrins is a professional Geologist and a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA). For the past 38...
2018-08-13 7:30 AM EDT