Permex Petroleum Provides Corporate Update
Portfolio Pulse from
Permex Petroleum Corporation has raised approximately US$4.2 million in new capital since April 2024, resumed production at its Breedlove asset, and is now compliant with reporting requirements in both Canada and the US for the first time since summer 2023.
November 18, 2024 | 2:45 pm
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POSITIVE IMPACT
Permex Petroleum has raised $4.2 million in new capital, resumed production at Breedlove, and achieved compliance with US and Canadian reporting requirements.
The capital raise of $4.2 million provides financial stability and potential for growth. Resuming production at Breedlove indicates operational progress, likely leading to increased revenues. Achieving compliance with reporting requirements enhances transparency and investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100