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

Last updated: 09:08 29 Jun 2018 EDT, First published: 09:08 28 Jun 2018 EDT

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 christine@proactiveinvestors.com
Follow her on Twitter: @ChristiCorrado

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