Permex Petroleum Corp. Enters Option Agreement to Acquire Energy Assets for Bitcoin Mining Strategy

Reuters09-06
<a href="https://laohu8.com/S/OILCF">Permex Petroleum</a> Corp. Enters Option Agreement to Acquire Energy Assets for Bitcoin Mining <a href="https://laohu8.com/S/MSTR">Strategy</a>

Permex Petroleum Corporation has announced an entry into an option agreement to acquire energy-producing assets as part of its strategy to mine Bitcoin. The company has received a six-month option to purchase producing oil and natural gas wells from an ownership group that includes Navidad Petroleum and TMR Exploration. The assets in question comprise over 50 wells, gathering facilities, and more than 20,000 net mineral acres of undeveloped leasehold interests. This move is aligned with Permex's strategy to use undervalued gas-producing assets for Bitcoin mining, in collaboration with its partner, 360 Energy, Inc.

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: 0001641172-25-026760), on September 05, 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.

Comments

We need your insight to fill this gap
Leave a comment