Permex Petroleum Corp. has announced an option agreement to acquire energy-producing assets, including over 50 oil and natural gas wells, from a group comprising Navidad Petroleum and TMR Exploration. The agreement involves a US$75,000 payment for a 6-month option to purchase the assets for US$3 million, comprising a mix of cash and stock. This strategic move aligns with Permex's plan to utilize undervalued gas assets for Bitcoin mining.
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 Newsfile (Ref. ID: 264717) on September 02, 2025, and is solely responsible for the information contained therein.
Comments