Permex Petroleum Corporation
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Market Data: Yahoo Finance, Bloomberg, SEC Filings
Report Link: Initial Research Report (Dated June 8, 2022)
Symbol: OILCF
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $0.60
Time Horizon: 12 Months
Rating Established: June 8, 2022
Price When Established: $0.14
Most Recent Report: June 8, 2022
Price When Issued: $0.14
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Company Description
Permex Petroleum Corporation, headquartered in Vancouver, British Columbia, is a junior oil and gas company that is primarily engaged in the acquisition, development and production of oil and gas properties in North America. Permex currently owns and operates various oil and gas properties located in Texas and New Mexico, and holds various royalty interests in 73 wells and 5 permitted wells across 3,800 acres within the Permian Basin of West Texas and Southeast New Mexico.