Permex Petroleum Corporation

Recent News

  • Permex Petroleum Announces $500,000 Secured Convertible Debenture Financing

    Vancouver, British Columbia--(Newsfile Corp. - September 23, 2019) - Permex Petroleum Corporation, (CSE: OIL), (the "Corporation") announces that it will conduct a non-brokered private placement (the "Private Placement") of a secured convertible debentures (the "Debentures") in the principal amount of up to $500,000. The Debenture will mature on the second anniversary of the date of issuance (the "Maturity Date") of the Debentures and bear interest at a rate of 12% per annum, payable on the Maturity Date. The Debentures will...

    2019-09-23 6:20 AM ET
  • Permex Petroleum Cancels Final Tranche of Non-Brokered Private Placement

    Vancouver, British Columbia--(Newsfile Corp. - September 5, 2019) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF), (the "Corporation") 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 conditions. Permex will be...

    2019-09-05 6:20 AM ET
  • Permex Petroleum Corporation Reports Increased Revenue for its Q3 2019

    Vancouver, British Columbia--(Newsfile Corp. - August 29, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") has announced its 3rd fiscal quarter highlights for the period ended June 30, 2019.Q3 2019 HIGHLIGHTSAchieved revenue of $420,941.00, which represents an increase of 242% over the same quarter in 2018.Improved operating netback by 485% to $26.71/boe, over the same quarter in 2018.Reduced general and administration costs to $294,904.00, which represents a 54% reduction compared to the same period...

    2019-08-29 5:29 PM ET
  • Increased Offset Investment & Horizontal Drilling Surrounds Permex's Assets & Operations in Texas

    Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") announces positive offset operator well results in conjunction with our operational team receiving confirmation from Working Interest partners for additional well location and possible horizontal drilling joint venture program.Permex has continued its strategy of staying debt free in an environment where the burden of debt can drive good oil and gas companies out of business. The company has not only...

    2019-06-25 6:20 AM ET
  • Permex Petroleum Corporation to Participate at Montreal Capital Investment Conference

    Vancouver, British Columbia--(Newsfile Corp. - June 3, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") today announced that it will be participating in the Montreal Capital Investment Conference. President and CEO Mehran Ehsan will be meeting with investors and financial professionals to discuss the company's operational plans for the second half of 2019 and the various milestones it looks to achieve for corporate growth. Capital Event Conferences will host the event at the DoubleTree by...

    2019-06-03 6:20 AM ET
  • Permex Petroleum Corporation Announces Closing of First Tranche of Private Placement

    Vancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce that it has completed the first tranche of its non-brokered private placement (the "Private Placement") previously announced on April 22, 2019. The first tranche raised a total of $607,554.90 from the issuance of 4,050,366 units ("Units") at a price of $0.15 per Unit. Each Unit consists of one common share (a "Share") and one common share...

    2019-05-09 6:20 AM ET
  • Permex Petroleum Corporation Enters into an Investor Relations Agreement with Frontier Merchant Capital Group

    Vancouver, British Columbia--(Newsfile Corp. - May 8, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce that it has retained the services of FronTier Merchant Capital Group ("FronTier") to provide Investor relations and marketing services. FronTier is an investor relations group with a home office in Toronto, Canada. FronTier will assist the company by increasing market awareness for the company using a number of financial market communications initiatives, including facilitating in-person...

    2019-05-08 6:20 AM ET
  • Permex Petroleum Announces Non-Brokered Private Placement of up to C$1.5M of Units

    Vancouver, British Columbia--(Newsfile Corp. - April 22, 2019) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF) (the "Corporation") announced today that it is conducting a non-brokered private placement financing of a minimum of 4,000,000 units (the "Units") up to a maximum of 10,000,000 units (the "Units") at a price of C$0.15 per Unit (the "Offering"), for minimum aggregate proceeds of $600,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share (a "Common Share") in the...

    2019-04-22 6:20 AM ET