Permex Petroleum Corporation (OILCF)
Permex Petroleum Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $3.27, up 0.00% on the session, giving a market capitalisation of $1.8M. On trailing twelve-month figures it carries a trailing P/E of -0.66, a net margin of -1222.3%. Its beta of 3.09 implies it has historically moved more than the broad market.
Permex Petroleum Corporation operates as a developing oil and gas firm, primarily engaging in the acquisition, development, and production of hydrocarbon resources across the United States. Its portfolio includes various properties in Texas: the 320-acre Pittcock North and 498-acre Pittcock South sites, both located on the Eastern Shelf of the Midland Basin; the 241-acre Mary Bullard property in Stonewall County; the 40-acre Windy Jones parcel; and the extensive 7,741.67-acre Breedlove field in Martin County. The company also holds significant interests in New Mexico, specifically the 1,880-acre West Henshaw property and the 680-acre Oxy Yates property, both situated in Eddy County. Furthermore, Permex possesses royalty interests spanning 3,800 acres within the Permian Basin of West Texas and southeast New Mexico, which cover 73 operational wells and 5 wells awaiting permits. Permex Petroleum Corporation was established in 2017 and its main office is located in Vancouver, Canada.
Permex Petroleum Corporation is most often compared with the following Energy names: