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Permex Petroleum announces non-brokered private placement financing to raise 1.5M

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 capital purposes.

Quick facts: Permex Petroleum Corporation

Price: 0.05 CAD

CSE:OIL
Market: CSE
Market Cap: $2 m
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Permex Petroleum using waterflood program to increase production at Bullard...

Permex Petroleum (CSE:OIL) CEO Mehran Ehsan dropped in to the Vancouver studio of Proactive Investors to talk about a change at the companies Bullard Property. Ehsan says they are going to use a waterflood program to dramatically  increase the amount of oil they are bring to the...

on 10/10/2018

2 min read