Permex Enters Operating Arrangement with Private Permian Basin Operator
Permex Petroleum (CSE: OIL) (FSE: 75P) has secured an operating arrangement with a private oil and gas operator in the Permian Basin. Under the agreement, Permex gains operating rights over 19 wells in exchange for a monthly operating fee of up to $75,000 USD, with the actual amount varying based on production volumes and commodity prices.
The arrangement allows Permex to leverage its existing operations team to generate an immediate new revenue stream through field operations management for an offset operator. Company executives express optimism about the deal's potential impact on the company's bottom line.
Permex Petroleum (CSE: OIL) (FSE: 75P) ha ottenuto un accordo operativo con un operatore privato di petrolio e gas nel Permian Basin. In virtù dell'accordo, Permex acquisisce diritti operativi su 19 pozzi in cambio di una tariffa operativa mensile fino a $75.000 USD, con l'importo effettivo che varia in base ai volumi di produzione e ai prezzi delle materie prime.
L'accordo consente a Permex di sfruttare il proprio team operativo esistente per generare immediatamente un nuovo flusso di entrate attraverso la gestione delle operazioni nel campo per un operatore corrispondente. I dirigenti della società esprimono ottimismo riguardo all'impatto potenziale dell'accordo sui risultati economici dell'azienda.
Permex Petroleum (CSE: OIL) (FSE: 75P) ha asegurado un acuerdo operativo con un operador privado de petróleo y gas en la Cuenca de Permian. Según el acuerdo, Permex obtiene derechos operativos sobre 19 pozos a cambio de una tarifa operativa mensual de hasta $75.000 USD, con la cantidad real variando según los volúmenes de producción y los precios de las materias primas.
El acuerdo permite a Permex aprovechar su equipo operativo existente para generar inmediatamente un nuevo flujo de ingresos a través de la gestión de operaciones en el campo para un operador compensador. Los ejecutivos de la compañía expresan optimismo sobre el impacto potencial del acuerdo en los resultados económicos de la empresa.
Permex Petroleum (CSE: OIL) (FSE: 75P) 는 Permian Basin의 한 민간 석유 및 가스 운영자와 운영 계약을 체결했습니다. 이 계약에 따라 Permex는 19개의 우물에 대한 운영 권리를 얻고, 월 최대 $75,000 USD의 운영 수수료를 지불하며, 실제 금액은 생산량 및 원자재 가격에 따라 달라집니다.
이 계약은 Permex가 기존 운영 팀을 활용하여 대응 운영자를 위한 현장 운영 관리로 즉각적인 새로운 수익원을 창출할 수 있게 해 줍니다. 회사 임원들은 거래가 회사의 수익성에 미칠 잠재적 영향에 대해 낙관적인 입장을 보이고 있습니다.
Permex Petroleum (CSE: OIL) (FSE: 75P) a sécurisé un accord opérationnel avec un opérateur privé de pétrole et de gaz dans le Permian Basin. Selon l'accord, Permex obtient des droits d'exploitation sur 19 puits en échange d'un frais d'exploitation mensuel pouvant aller jusqu'à $75 000 USD, le montant réel variant en fonction des volumes de production et des prix des matières premières.
L'accord permet à Permex de tirer parti de son équipe d'exploitation existante pour générer immédiatement un nouveau flux de revenus grâce à la gestion des opérations sur le terrain pour un opérateur correspondant. Les dirigeants de l'entreprise expriment leur optimisme quant à l'impact potentiel de l'accord sur les résultats financiers de l'entreprise.
Permex Petroleum (CSE: OIL) (FSE: 75P) hat eine Betriebsvereinbarung mit einem privaten Öl- und Gasbetreiber im Permian Basin gesichert. Im Rahmen dieses Vertrags erhält Permex die Betriebsrechte für 19 Brunnen im Austausch gegen eine monatliche Betriebsgebühr von bis zu 75.000 USD, wobei der tatsächliche Betrag je nach Produktionsvolumen und Rohstoffpreisen variiert.
Die Vereinbarung ermöglicht es Permex, sein bestehendes Operationsteam zu nutzen, um sofort einen neuen Einnahmestrom durch das Management der Feldbetriebe für einen entsprechenden Betreiber zu generieren. Die Unternehmensführung äußert Optimismus über die potenziellen Auswirkungen des Deals auf die Unternehmensgewinne.
- New revenue stream of up to $75,000 USD monthly from operating fee
- Expansion of operations in Permian Basin with 19 additional wells under management
- Leverages existing operational infrastructure with no significant additional costs
- Revenue dependent on variable factors (production volumes and commodity prices)
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2025) - Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) ("Permex" or the "Company") is pleased to announce that the Company has entered into an arrangement with a private oil and gas operator concerning assets owned by such operator in the Permian Basin. This arrangement grants Permex operating rights over 19 wells in the Permian Basin in exchange for a monthly operating fee of up to
"Permex is very excited to enter into this arrangement," said Brad Taillon, Permex's President and Chief Executive Officer. Taillon went on to say, "I am excited that we have the opportunity to leverage our existing experienced operations team to create an immediate new revenue stream for the Company by taking over field operations for an offset operator."
Richard Little, Permex's Chairman stated, "We are pleased with the arrangement that we have been able to negotiate allowing for a new source of income for the Company that should be impactful to the bottom line."
About Permex Petroleum Corporation
Permex Petroleum (CSE: OIL) (FSE: 75P) is a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin. The Company focuses on combining its low-cost development of Held by Production assets for sustainable growth with its current and future Blue-Sky projects for scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, is a licensed operator in both Texas and New Mexico, and owns and operates on private, state and federal land. For more information, please visit www.permexpetroleum.com.
Contact Information
Permex Petroleum Corporation
Brad Taillon
President & Chief Executive Officer
(346) 245-8981
Renmark Financial Communications USA Inc.
Henri Perron, CPIR:
hperron@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains both "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws in both the United States and Canada that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" and "forward-looking statements" each include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information and forward-looking statements include, without limitation, information regarding the Company's operating plans and the impacts of the operating arrangement on the Company's business.
Neither forward-looking information or forward-looking statements are a guarantee of future performance and each are based upon a number of estimates and assumptions of management at the date the statements are made, including without limitation, that the Company's operations and business will benefit as a result of the operating arrangement, and that the Company will be able to act on its strategic business objectives as anticipated. Furthermore, such forward-looking information and forward-statement statements each involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information or forward-looking statements, including without limitation: the Company may not have sufficient funds to proceed with its operating plan as currently anticipated by management, or at all; the operating arrangement may not have the anticipated effect on the Company's operations and business; fluctuations in market prices for oil and gas commodities; recent market volatility; loss of key personnel; and the state of the financial markets for the Company's securities.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236910
FAQ
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