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Permex Petroleum acquisition increases held-by-production by a third

Permex Petroleum Corporation (CSE:OIL) CEO Mehran Ehsan tells Proactive Investors the junior oil producer is set to expand its presence in the Delaware Basin of New Mexico with a new US$100,000 strategic acquisition.

The acquisition represents a 33% held-by-production increase to Permex's New Mexico land portfolio.

 

Contact Christine Corrado at [email protected]
Follow her on Twitter: @ChristiCorrado

Quick facts: Permex Petroleum Corporation

Price: 0.055 CAD

CSE:OIL
Market: CSE
Market Cap: $2.2 m
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Permex Petroleum announces non-brokered private placement financing to raise...

Permex Petroleaum (CSE:OIL) CEO Mehran Ehsan joined Steve Darling from Proactive Investors Vancouver to discuss Permex's fund raise of 1.5 million in a non-brokered private placement. The capital will be used to start new waterfloods, bringing online shut-in wells, and general working...

on 01/11/2019

2 min read