Permex Petroleum Corporation (OIL.CN) Research

Permex Petroleum Corporation operates as an emerging oil and gas enterprise, concentrating on the acquisition, development, and production of hydrocarbon assets throughout the United States. The company's property portfolio includes stakes in Texas, such as the 320-acre Pittcock North and 498-acre Pittcock South properties, both located on the Eastern Shelf of the Midland Basin. Additional Texas holdings comprise the 241-acre Mary Bullard tract in Stonewall County and the 40-acre Windy Jones property. Extending its reach into New Mexico, Permex also holds interests in the 1,880-acre West Henshaw property and the 680-acre Oxy Yates property, both situated in Eddy County. Furthermore, the company manages the substantial 7,741.67-acre Breedlove field in Martin County, Texas. Beyond its direct property interests, Permex also benefits from royalty interests across 3,800 acres within the productive Permian Basin of West Texas and southeastern New Mexico, encompassing 73 producing wells and 5 wells approved for future development. Founded in 2017, Permex Petroleum Corporation is headquartered in Vancouver, Canada.

Market snapshot

Symbol
OIL.CN
Price
$3.81
Day change
+2.97%
Market cap
$1.5M
P/E ratio
-0.36x
52-week range
2.8-16.49
Sector
Energy
Industry
Oil & Gas Exploration & Production
Next earnings
in 2 months

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