CSE: OIL June 2018 Discounted Acquisitions Successful acquisitions at a discount to market: a portfolio of low cost producing oil assets in Texas and New Mexico Growth Upside Secondary recovery (EOR), and low cost infill drilling…
CORPORATION OVERVIEW o No debt. Recent Initial Public Offering (IPO May 2018) gross proceeds of 4 million o Combines low cost development growth (Texas) with highly prolific horizontal drilling opportunities for scale growth (New…
ABOUT US o Permex Petroleum Corporation (CSE: OIL) is a junior Oil & Gas o The Corporation owns seven producing oil and gas company with a focus on low cost producing oil and natural properties, five of which are in West Texas with a…
2017 RESERVES SUMMARY SUMMARY OF NET PROVED, PROBABLE (2P) RESERVES (As of September 30, 2017, before future income tax, using forecast prices and costs) Amounts in USD NPV OF FUTURE NET REVENUE PROVED RESERVE CATEGORY OIL (MBBL)…
TOTAL ESTIMATED RECOVERABLE BARRELS OF OIL Percentage Recoverable Per Property as Calculated by MKM Engineering (As of May 29, 2018) Total Remaining Recoverable Reserves Estimated % Recoverable Reserves PROPERTY BOE BOE Pittcock…
SHARE STRUCTURE Share Structure Shares 0.50 per Post IPO Management Shares have all been voluntarily locked up share IPO Ownership for 3 years from the listing of the IPO (May 18, 2018): Pre-IPO 27,322,361 10,529,000 69.4% On listing…
MANAGEMENT AND TECHNICAL TEAM Mehran Ehsan President, Chief Executive Officer & Director Earl Tobin Geologist Mehran Ehsan has an impactful 12 years of experience in the oil & gas Earl Tobin has more than 30 years of experience working…
DIRECTORS & ADVISORY BOARD MEMBERS Justin Kates General Counsel & Director Wayne Schoen Petroleum Engineer & Advisor Justin Kates is a partner of DuMoulin Black, practicing primarily in the Wayne Schoen has over 40 years of experience…
PORTFOLIO OF HIGH QUALITY ASSETS FOR LONG TERM GROWTH GEOGRAPHIC LOCATION SUMMARY OF OIL & GAS ASSETS Over 5,200 Net acres 5,200 33 33 shut-in opportunities + of (HBP) oil and gas assets in Texas & to be brought back New Mexico…
PITTCOCK PROPERTIES BULLARD PROPERTY The Pittcock north and south leases have a The Mary Bullard lease consists of 241 net combined acreage of 818 net acres. The acres and is productive in the Clearfork producing horizon in the lease…
MCMURTRY & PEAVY PROPERTY LOVING PROPERTIES The McMurtry & Loving leases have a The Peavy property sits on 160 net acres combined acreage of 1,510 acres, the majority of which has not been tested by drilling. The The Peavy lease…
NEW MEXICO PROPERTIES BLUE SKY UPSIDE Bone Springs Wolfcamp formations In fill spot drilling of Yates formations CSE: OIL 15
HENSHAW PROPERTY OXY YATES PROPERTY The Henshaw property sits on 1,880 net acres 680 net acres 32 locations 10 Acre spacing- shallow drilling JV 25% BPO 50% APO The Henshaw lease contains multiple productive or potentially productive…
OIL & GAS DISCLOSURES Reserves All estimates of reserves and future net revenue contained in this presentation with respect to the Corporation's properties are derived from independent evaluations by MKM Engineering with an effective…
CONTACT US Corporate Office The Howard Group Dave Burwell, VP Standard Life Building 625 Howe Street 318 11th Avenue SE Suite 1290 Suite 350 Vancouver, BC. V6C 2T6 Calgary, AB. T2G 0Y2 Telephone: 604.259.2525 Fax: 604.674.5113…
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