OILS - OILS STOCK NEWS

Permex Petroleum Corporation extends its early warrant exercise program until June 30, 2023. The program offers an amended exercise price of USD$2.86 per warrant and the issuance of one additional common share purchase warrant for each exercised warrant. Incentive warrants can be purchased for USD$4.50 per share. Pre-funded warrants are also available. The securities issued in connection with the program will be subject to a four-month hold period and will not be registered under the United States Securities Act of 1933.

Permex Petroleum Corporation has retained Renmark Financial Communications USA Inc. to provide investor relations services. Renmark will employ various communication methods to increase market and investor awareness for Permex, including organizing virtual non-deal roadshows and ensuring timely disclosure of company information. The initial term of the agreement is 7 months, with a monthly fee of USD$9,000.

Permex Petroleum Corporation (CSE: OIL, OTCQB: OILCF) will present at the Gravitas 6th Annual Growth Conference on March 2, 2023, at the Fairmont Pacific Rim Hotel, Vancouver. CEO Mehran Ehsan is set to present at 11:30 AM PST, engage with investors, and participate in a panel discussion.

The conference features industry leaders and investors from Canada, the U.S., and beyond, offering opportunities for presentations, Q&A, and individual meetings. Interested participants can visit the registration link for details.

Permex Petroleum Corporation (CSE: OIL) has announced an updated independent reserve evaluation, effective November 21, 2022. The report estimates a net present value (NPV) of future revenues from proved and probable reserves at $428 million, equating to $221.53 per share. Key findings include:

• 93% of reserves are light oil; 7% are natural gas.
• Total proved reserves increased by 51% year-over-year to 9.2 million BOE.
• Total probable reserves increased by 46% year-over-year to 17.8 million BOE.
• Total proved and probable reserves reached 27.0 million BOE, a 48% increase.

The company aims to focus on drilling and utilizing cash flow for growth.

Permex Petroleum Corporation, an independent energy company, provided a shareholder update on February 15, 2023. The company focuses on oil and natural gas properties in the U.S., emphasizing sustainable production through low-cost recompletions. They are targeting the recompletion of about 30 wells, with a successful stabilization of seven wells at 71 barrels of oil equivalent per day. Following a $7.5 million private placement, their cash reserves increased significantly, ending the fiscal year with $3.3 million. The company is optimistic about its drilling projects in Texas and New Mexico, amid recovering oil prices supported by OPEC+ production cuts.

DALLAS, Nov. 30, 2022 - Permex Petroleum Corporation (CSE: OIL, OTCQB: OILCD, FSE: 75P) will be featured on The RedChip Money Report on Bloomberg TV on December 3 at 7 p.m. ET. CEO Mehran Ehsan will discuss the Company's 78 oil and gas wells, recent recompletion projects in New Mexico and Texas, and its acquisition strategy. This interview aims to provide insights into Permex's operational and growth strategies in the energy sector, aiming to bolster investor confidence in the company.

Permex Petroleum Corporation (CSE: OIL) announced a postponement of its NYSE American listing, initially planned for November 10, 2022, due to current market conditions. The company will reassess the situation in the coming months. A registration statement with the U.S. Securities and Exchange Commission has been filed but is not yet effective, meaning no securities may be sold until it is. Permex operates in oil and gas exploration across the Permian and Delaware Basins, focusing on sustainable and scalable growth strategies.

Permex Petroleum Corporation announced its approval to uplist its shares and warrants to the NYSE American. Trading under the symbols OILS and OILSW is set to begin on November 15, 2022. The company focuses on oil and gas exploration in the Permian Basin and is transitioning from OTCQB trading to NYSE American, which may enhance visibility and liquidity. This shift is seen as a step towards sustainable growth.