Permex Petroleum Corporation (CSE:OIL) CEO Mehran Ehsan tells Proactive Investors the oil and gas company has announced a farm-out deal with venture capital group Blackspear Capital Corp on the 680-acre Oxy Yates property in New Mexico.
Blackspear will bear the entire cost of the drilling and completing the operations. Ehsan says Permex will reap the benefit of increased production and revenues derived from the operations in the short term.
Price: 0.045 CAD
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Permex Petroleum Corporation named herein, including the promotion by the Company of Permex Petroleum Corporation in any Content on the Site,...
FOR OUR FULL DISCLAIMER CLICK HERE
Permex Petroleum OIL (CNSX:OIL) CEO Mehran Ehsan tells Proactive Investors the junior oiler has had a 'buy' rating bestowed upon it by Fundamental Research. Permex’s current portfolio includes eight producing properties, including six in Texas, and two in New Mexico. In the past few...
Mining
Health
