Permex Petroleum Announces New Strategic Acquisition and Alignment with World Class Large Cap Operator on West Texas Field

Vancouver, British Columbia based Permex Petroleum Corporation (CSE: OIL) announced that it has signed a Purchase and Sale Agreement with Energy Properties 2000-1 LLC, a partially owned company of Wilbanks Reserves Corporation, for the purchase of all the Seller’s rights, title and interest in the ODC San Andres Unit and W.J. “A” Taylor lease located in Gaines County, Texas.

Permex will also become the operator for the property; the other major working interest partner on the field with Permex will be Occidental Petroleum Corporation (NYSE: OXY), an international oil and gas exploration and production company with operations in the US, Middle East and Latin America with a market capitalization of approximately $65.19 Billion as of the date of this release.

The property is just under two contiguous sections for a total …View the full post at: Permex Petroleum Announces New Strategic Acquisition and Alignment with World Class Large Cap Operator on West Texas Field

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