() CEO Mehran Ehsan tells Proactive Investors the junior oiler has unveiled a major milestone in its development with the strategic acquisition of two producing assets in West Texas for around $1.95mln in cash.
The other major working interest partner on the field is international oil giant Corporation (), which has a market cap of around US$65.19bn.
Permex will continue producing from the San Andres formation and review deeper prospects in the property.
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