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Permex Petroleum Corporation

Fundamental Research targets Permex Petroleum at Buy ahead of growth plans

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 months, Permex has made a significant number of acqusitions, Mehran saying, "Fundamental looked this as a strategy for Permex as a junior to not only grow on the current holdings it has but in the shadow of a large cap as well." 

Quick facts: Permex Petroleum Corporation

Price: $0.07

Market: CSE
Market Cap: $2.6 m
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Permex Petroleum acquisition increases held-by-production by a third

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...

on 29/6/18

2 min read