Permex Petroleum Corp. Stock Analysis OIL.CN

Permex Petroleum Corp. is an independent energy company, which engages in the acquisition, exploration, development, and production of oil and natural gas properties on private, state, and federal land in the United States, primarily in the Permian Basin region of West Texas and Southeast New Mexico which includes the Midland, Central, and Delaware Basin. The company is headquartered in Dallas, Texas. The company went IPO on 2018-05-15. The firm is engaged in the acquisition, exploration, development and production of oil and gas properties in the United States. The company has assets and operations in the Permian Basin, which includes the Midland Basin and Delaware Basin. The Breedlove B Clearfork Leases are situated in Martin County, Texas. The Pittcock Leases are situated in Stonewall County in Northwest Texas, located in the central part of the North Central Plains and consists of the Pittcock North property, the Pittcock South property and the Windy Jones Property. The Mary Bullard Property is located in Stonewall County. The West Henshaw Property is located in Eddy County, New Mexico, 12 miles northeast of Loco Hills in the Delaware basin. The Oxy Yates Property is located in Eddy County. The company holds royalty interests in 73 producing oil and gas wells and five permitted wells across 3,800 acres the Permian Basin.