Permex Petroleum Corp. Announces Successful Partnership with Private Operator in Permian Basin

Reuters05-09

Permex Petroleum Corp. Announces Successful Partnership with Private Operator in Permian Basin

Permex Petroleum Corp. has announced the successful initial implementation of an operating arrangement with a private oil and gas operator in the Permian Basin, which was first disclosed on January 13, 2025. The company has commenced production on all wells involved in the arrangement, with initial results meeting management's expectations. This collaboration is anticipated to be beneficial for Permex's shareholders, with revenues realized similarly to a service provider. Permex's President and CEO, Brad Taillon, expressed satisfaction with the operational efficiency and the expected strong performance of the production base, primarily composed of natural gas. The company remains committed to exploring further opportunities to maximize shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Permex Petroleum Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-009324), on May 08, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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