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Permex Petroleum Corporation ( (TSE:OIL) ) has shared an update.
Permex Petroleum Corporation has entered into an operating arrangement with a private operator in the Permian Basin, granting it rights over 19 wells. This strategic move is expected to provide an immediate new revenue stream and positively impact the company’s financial performance by leveraging its experienced operations team.
More about Permex Petroleum Corporation
Permex Petroleum Corporation is a junior oil and gas company with operations in the Permian Basin, focusing on cost-effective development of assets for sustainable and scalable growth. The company operates through its subsidiary, Permex Petroleum US Corporation, and is licensed to operate in both Texas and New Mexico.
YTD Price Performance: -4.55%
Average Trading Volume: 1,110
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.32M
For an in-depth examination of OIL stock, go to TipRanks’ Stock Analysis page.
