Permex Petroleum Corp.

Permex Petroleum Corp. is pleased to announce the closing of the previously announced Central Basin asset disposition. As disclosed in the Corporation's December 10, 2020 news release, Permex entered into a purchase and sale agreement for sale of its Central Basin property. The purchasers conducted their customary due diligence and successfully closed on the transaction. Permex will utilize the funds to strengthen its [...]

Permex Petroleum Corp. is pleased to announce that it has entered into an agreement with an arm's-length Texas based, private oil and gas exploration and production company to divest of the company's Central Basin property for an approximate gross transaction value of $1.31M USD in cash, prior to customary closing adjustments . Pursuant to the agreement, which has an effective date of October 1, 2020. The purchasers will [...]

Permex Petroleum Corp. today announced that the Company's Annual General Meeting originally to be held in December 2020 is being rescheduled to April 9, 2021 due to the continuing COVID-19 epidemic. "Under the current assembly restrictions and circumstances, the attendance from management and shareholders would not be possible. Therefore, we are rescheduling the annual general meeting in the hope that it can be held under [...]

At the request of IIROC, Permex Petroleum Corp. wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. About Permex Petroleum Corporation - www.permexpetroleum.com Permex Petroleum is a uniquely positioned junior Oil & Gas company with assets and operations across the Permian Basin of west Texas and the [...]

Permex Petroleum Corp. today announced that the Company's Annual General Meeting originally scheduled for April 30, 2020 is being rescheduled due to the continuing COVID-19 epidemic. "Under the current assembly restrictions and circumstances, the attendance from management and shareholders would not be possible. Therefore, we are rescheduling the annual general meeting in the hope that it can be held under more normal [...]

Permex Petroleum Corp. is pleased to announce the appointment of an additional member to the Company's Board of Directors. Permex Petroleum is welcoming Greg Montgomery as the newest member of their Board of Directors. Mr. Montgomery has been an executive business consultant who has held the office of CFO for Oiltanking North America, Semarus Energy Advisors, Lion Copolymer, Coast Energy, Laser Midstream, and was a [...]

Permex Petroleum Corp., announces that it has published its Annual Letter to Shareholders from CEO, Mehran Ehsan, on the Company's website at: http://www.permexpetroleum.com/news/news/. About Permex Petroleum Corporation - www.permexpetroleum.com Permex Petroleum is a uniquely positioned junior Oil & Gas company with assets and operations across the Permian Basin of west Texas and the Delaware Sub-Basin of New Mexico. The [...]

Permex Petroleum Corp., announces the opening of a new office in Dallas, Texas, which can strengthen the company's partnerships with local investment bankers, operators, marketers and agencies in the region. This expansion positions Permex to enhance its current operation in the Permian Basin of west Texas, and increase its corporate footprint. "The decision to expand into the Dallas/Fort Worth Metroplex was a logical [...]

Permex Petroleum Corp., , announces that it will conduct a non-brokered private placement of a secured convertible debentures in the principal amount of up to $500,000. The Debenture will mature on the second anniversary of the date of issuance of the Debentures and bear interest at a rate of 12% per annum, payable on the Maturity Date. The Debentures will be convertible at the holder's option into units of the Company at [...]

Permex Petroleum Corp., , announces that the proposed second tranche of the private placement announced April 22, 2019 is cancelled at this time due to abatement of interest stemming from lower oil prices, consumer sentiment and related weakness in the junior resource sector. Permex CEO Mr. Mehran Ehsan states, "Management has re-evaluated the current private placement taking into consideration prevailing market [...]