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Permex Petroleum Corporation (C:OIL)

Business Focus: Oil & Gas Exploration and Production (NEC)

Apr 17, 2024 07:53 am ET
Canadian Investment Regulatory Organization Trading Halt - OIL
VANCOUVER, BC, April 17, 2024 /CNW/ - The following issues have been halted by CIRO:
Apr 16, 2024 03:50 pm ET
Permex Petroleum Announces Closing of Convertible Debenture Financing
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is pleased to announce that the Company has closed its previously announced private placement (the "Offering") of convertible debenture units of the Company (the "Units") for gross proceeds of US$500,000.
Mar 13, 2024 10:41 pm ET
Permex Petroleum Provides Update Regarding Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is providing an update with respect to the management cease trade order ("MCTO") issued by the British Columbia Securities Commission (the "BCSC") on January 30, 2024, as previously announced by the Company in news releases dated January 31, 2024, February 19, 2024 and February 28, 2024. The MCTO was issued by the BCSC in connection with the delay by the Company in filing its audited annual financial statements and accompanying management's discussion and analysis, with related CEO and CFO certificates for the financial year ended September 30, 2023 (collectively, the "Annual Filings").
Feb 28, 2024 03:45 pm ET
Permex Petroleum Provides Clarification on Prior News Release Issued February 28, 2024 Announcing Convertible Debenture Financing
Dallas, Texas--(Newsfile Corp. - February 28, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is issuing this news release to clarify certain statements contained in its earlier news release issued today (the "Initial News Release") with respect to the Company's convertible debenture financing.
Feb 28, 2024 09:10 am ET
Permex Petroleum Announces Convertible Debenture Financing
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is pleased to announce that the Company intends to complete a private placement (the "Offering") of convertible debenture units of the Company (the "Units") for gross proceeds of up to US$[20,000,000]. Each Unit will consist of one convertible debenture (a "Debenture") in the principal amount of US$1,000 and [one] common share purchase warrant (a "Warrant"). Each Warrant will be exercisable for a period of 24 months from the date of issuance for one common share of the Company (a "Share") at an exercise price equal to 120% of the market price of the Shares on the Canadian Securities Exchange (the "Exchange") at the time of issuance of the Units.
Feb 19, 2024 09:00 am ET
Permex Petroleum Provides Update Regarding Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company") is providing an update with respect to the management cease trade order ("MCTO") issued by the British Columbia Securities Commission (the "BCSC") on January 30, 2024, as previously announced by the Company in a news release dated January 31, 2024. The MCTO was issued by the BCSC in connection with the delay by the Company in filing its audited annual financial statements and accompanying management's discussion and analysis, with related CEO and CFO certificates for the financial year ended September 30, 2023 (collectively, the "Annual Filings").
Jan 31, 2024 02:54 pm ET
Permex Petroleum Announces Filing of Application for Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company") announces that it missed its filing deadline of January 28, 2024 to file the Company's audited annual financial statements and accompanying management's discussion and analysis, with related CEO and CFO certificates for the financial year ended September 30, 2023 (collectively, the "Annual Filings"), as required under applicable Canadian securities laws.
Oct 19, 2023 11:07 am ET
Permex Petroleum Corporation to Consolidate its Common Shares
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2023) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P0) ("Permex" or the "Company") announces that the Company will be consolidating all of its issued and outstanding common shares (the "Shares") on the basis of one (1) post-consolidated Share for every four (4) pre-consolidated Shares held (the "Consolidation").
Jul 31, 2023 11:26 am ET
OTCQB Venture Virtual Investor Conference Agenda Announced for August 3rd
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the OTCQB Venture Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to...
Jul 11, 2023 02:00 pm ET
Permex Petroleum Announces Close of Warrant Exercise Incentive Program
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), is pleased to announce the close of its warrant exercise program (the “Program”), as previously announced by the Company in its news releases dated May...
Jun 16, 2023 11:22 am ET
Permex Petroleum Announces Extension of Warrant Repricing and Exercise Incentive Program
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P0) ("Permex" or the "Company"), is pleased to announce the extension of its early warrant exercise program (the “Program”), as initially announced by the Company in its news release...
Jun 16, 2023 08:30 am ET
Permex Petroleum Engages Renmark Financial USA Inc. for Investor Relations
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE:75P0) (“Permex" or the “Company”) announces that it has retained Renmark Financial Communications USA Inc. (“Renmark”), an arm’s length party to the Company, to provide investor relations...
May 18, 2023 09:10 am ET
Permex Petroleum Announces Warrant Repricing and Exercise Incentive Program
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), is pleased to announce the implementation of an early warrant exercise program (the “Program”) intended to encourage the exercise of up to 1,015,869 unlisted common...
Mar 14, 2023 08:35 am ET
Oil & Gas Virtual Investor Conference Agenda Announced for March 16th
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Oil & Gas Virtual Investor Conference to be held March 16th. Individual investors, institutional investors, advisors, and analysts...
Feb 27, 2023 11:20 am ET
Permex Petroleum to Present at the Gravitas 6th Annual Growth Conference
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), is pleased to announce it will be presenting at the Gravitas 6th Annual Growth Conference taking place at the Fairmont Pacific Rim Hotel on Thursday,...
Feb 22, 2023 09:30 am ET
RETRANSMISSION: Permex Petroleum Provides Updated Reserve Report Confirming 27 Million Barrels of Oil Equivalent on Its Permian Basin Assets
Dallas, Texas--(Newsfile Corp. - February 22, 2023) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCD) (FSE: 75P0) ("Permex" or the "Company"), an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties on private, state and federal land in the United States, has received an updated independent reserve evaluation from MKM Engineering (the "Reserve Report"), effective November 21, 2022, that uses proved and probable reserve classifications that conform to the criteria established by the United States Securities and Exchange Commission (the "SEC").
Feb 21, 2023 02:00 pm ET
Permex Petroleum Provides Updated Reserve Report Confirming 27 Million Barrels of Oil Equivalent on its Permian Basin Assets
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCD) (FSE: 75P) (“Permex” or the “Company”), an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties on private, state and...
Feb 15, 2023 02:55 pm ET
Permex Petroleum Issues Shareholder Letter and Provides Corporate Update
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) (“Permex” or the “Company”), an independent energy company engaged in the acquisition, exploration, development, and production of oil and natural gas properties on private, state...
Nov 30, 2022 07:30 am ET
Permex Petroleum Corporation Interview to Air on Bloomberg U.S. on the RedChip Money Report®
RedChip Companies will air a new interview with Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCD) (FSE: 75P) (“Permex” or the “Company”), an independent energy company engaged in the acquisition, exploration, development, and production of oil...
Nov 16, 2022 07:30 am ET
Permex Petroleum Corporation Postpones Listing on NYSE American
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCD) (FSE: 75P) (“Permex” or the “Company”), an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties on private, state and...
Nov 10, 2022 07:30 am ET
Permex Petroleum Corporation Receives Approval to List on NYSE American
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCD) (FSE: 75P) (“Permex” or the “Company”), an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties on private, state and...
Nov 02, 2022 09:29 am ET
Permex Petroleum Successfully Completes Drilling Phase of its First Breedlove Oilfield Well
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a junior oil and gas company, is pleased to announce an update to its previous news release with respect to the drilling of the Eoff PPC #3 well on its...
Oct 31, 2022 03:59 pm ET
CSE Bulletin: Consolidation - Permex Petroleum Corporation (OIL)
Toronto, Ontario--(Newsfile Corp. - Le 31 octobre/October 2022) - Permex Petroleum Corporation has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every sixty (60) pre-consolidated common shares.
Oct 31, 2022 01:34 pm ET
Permex Petroleum Corporation to Consolidate its Common Shares
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) (“Permex" or the “Company”) announces that the Company will be consolidating all of its issued and outstanding common shares (the "Shares") on the basis of one (1) post-consolidated...
Oct 26, 2022 09:29 am ET
Permex Petroleum Announces Addition to Board of Directors
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a junior oil and gas company, is pleased to announce the appointment of an additional member to the Company’s Board of Directors. Permex Petroleum is...
Oct 18, 2022 09:30 am ET
Permex Petroleum Announces Participation in The ThinkEquity Conference
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a junior oil and gas company, will be participating in The ThinkEquity Conference, which will take place on October 26, 2022 at The Mandarin Oriental...
Sep 28, 2022 10:18 am ET
Permex Petroleum Commences its Drilling Operations
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a junior oil and gas company, is pleased to announce that the Company has started drilling on its Breedlove Field Prospect located in Martin County,...
Sep 27, 2022 09:05 am ET
60+ Companies to Present at the 2nd Annual MicroCap Rodeo - Windy City Roundup Conference on October 12th - 13th, 2022 in Chicago
RALEIGH, NC / ACCESSWIRE / September 27, 2022 / The 2nd Annual MicroCap Rodeo Conference is going on the road and will take place at the Swissotel in Chicago on October 12th - 13th, 2022, where 60+ SmallCap, MicroCap and NanoCap public companies will be presenting to a global investor audience.
Sep 01, 2022 03:20 pm ET
The Power Play by The Market Herald Releases New Interviews with Algernon, Permex Petroleum, Infinity Stone, Green River Gold, HIRE Technologies, and Aton Resources Discussing Their Latest News
VANCOUVER, BC / ACCESSWIRE / September 1, 2022 / The Power Play by The Market Herald has announced the release of new interviews with Algernon, Permex Petroleum, Infinity Stone, Green River Gold, HIRE Technologies, and Aton Resources discussing their latest news.
Aug 30, 2022 05:28 pm ET
Permex Petroleum Reports Successful Recompletion of wells on its New Mexico and Texas Properties
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a junior oil and gas company, is pleased to announce results obtained from five recently recompleted oil and gas wells located in Eddy County, New Mexico...
Aug 16, 2022 12:10 pm ET
Permex Petroleum Receives Drilling Permit Approval for its Texas Property
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a junior oil and gas company, received approval on its permit application for drilling on its property in Martin County, Texas. “The approval of our...
Aug 15, 2022 01:24 pm ET
Permex Petroleum Provides Clarification on a Prior News Release issued August 8, 2022
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) (“Permex" or the “Company”) is issuing this news release at the request of IIROC to clarify the Company’s news release dated August 8, 2022 wherein the Company announced that Nobel...
Aug 08, 2022 04:03 pm ET
Noble Capital Markets Initiates Equity Research Coverage on Permex Petroleum
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P), a uniquely-positioned junior oil and gas company, is pleased to announce that that Noble Capital Markets has initiated company-sponsored equity research coverage on the Company. The...
Jun 30, 2022 08:00 am ET
Permex Petroleum Announces Filing of S-1 Resale Registration Statement
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a uniquely-positioned junior oil and gas company, today announced that it has filed a resale registration statement on Form S-1 (the “Registration...
Jun 23, 2022 08:57 am ET
Permex Petroleum Discusses The Future of The Oil and Gas Industry with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - June 23, 2022) - The Stock Day Podcast welcomed Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("the Company"), a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. President and CEO of the Company, Mehran Ehsan, joined Stock Day host Sever Copley.
May 31, 2022 07:33 pm ET
Permex Petroleum Reports Second Quarter Fiscal Year 2022 Financial Results
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a uniquely-positioned junior oil and gas company, is pleased to report financial results for the three and six-months ended March 31, 2022 and provide a...
May 10, 2022 03:00 pm ET
Permex Petroleum Appoints Greg Montgomery as Chief Financial Officer and Announces Resignation of Director
Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a junior oil and gas company, announces the appointment of Mr. Greg Montgomery as Chief Financial Officer and Corporate Secretary of the Company...
Apr 05, 2022 08:51 am ET
Permex Petroleum Corporation Reports Successful Production from Second Recompleted Well on New Mexico Property
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a leading junior oil and gas company, announced the successful results obtained from the recompletion of a previously shut-in oil well on its West Henshaw property in Eddy County, New Mexico.
Mar 28, 2022 04:00 pm ET
Permex Petroleum Corporation Announces Closing of USD $7.5 Million Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2022) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico, announced the closing of a brokered private placement (the "Offering") of 47,128,625 units (the "Units") at a price of USD $0.16 per unit for gross proceeds of approximately USD $7.5 million before deducting the placement agent's fees and other estimated fees and expenses related to the Offering. Each Unit consists of one common share (the "Share") and one common share purchase warrant (the "Warrant"). Each Warrant will be exercisable into one Share (a "Warrant Share") for a period of five years at an exercise price of USD $0.21 per share.
Feb 24, 2022 07:30 am ET
Permex Petroleum Corporation Secures DTC Eligibility of Its Common Shares
Approval Streamlines Settlement Process for Broadened Range of Investors and Brokers in the U.S.
Feb 22, 2022 07:30 am ET
Permex Petroleum Corporation Reports Successful Production from Recompleted Well on New Mexico Property
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a leading junior oil and gas company, announced the successful results obtained from the recompletion of a previously shut-in oil well on its West Henshaw property in Eddy County, New Mexico.
Feb 01, 2022 08:30 am ET
Permex Petroleum Corporation Issues Shareholder Letter and Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2022) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a leading junior oil and gas company, today issued a letter to shareholders from its President & CEO, Mehran Ehsan.
Dec 15, 2021 11:37 am ET
Permex Petroleum Corporation Provides Operational Update and Announces New Listing
Shares Commenced Trading on the Frankfurt Stock Exchange
Nov 30, 2021 07:30 pm ET
Permex Petroleum Corporation Confirms 24.5 Million Barrels of Oil Equivalent of Reserves on Its Permian Basin Assets
Independent Evaluation Provides Estimated Total Proved & Probable Reserves Hold a Net Present Value of $289.3 million, Representing an Increase of 320% Year-over-Year
Nov 18, 2021 04:30 pm ET
Permex Petroleum to Host Virtual Roadshow on Tuesday, November 30, 2021, at 11:30 a.m. Eastern Time
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), a leading junior oil and gas company, will host a virtual roadshow on Tuesday, November 30, 2021, at 11:30 a.m. Eastern Time.
Nov 03, 2021 12:59 pm ET
Permex Petroleum Corporation Announces Closing of Over-Subscribed Private Placement Offering for Gross Proceeds of C$714,700
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), a leading junior oil and gas company, today announced that due to greater demand for the offering, it has increased the total number of Units offered under its previously announced non-brokered private placement.
Nov 01, 2021 04:36 pm ET
Permex Petroleum Corporation Announces Private Placement Offering of up to C$540,000
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), a leading junior oil and gas company, today announced its intention to offer a non-brokered private placement offering (the "Offering") of up to 2,000,000 units ("Units") at a price of C$0.27 per Unit for gross proceeds of up to C$540,000. Each Unit shall be comprised of one common share and one-half of one common share purchase warrant (a "Warrant"). Each full Warrant shall entitle the holder thereof to purchase one additional common share of the Company for a period of two years, at an exercise price of C$0.54 per share.
Oct 27, 2021 08:30 am ET
Permex Petroleum Corporation Completes Transformational Acquisition of the Breedlove "B" Field in Martin County, Texas
Transaction Expected to Increase Permex's Reserves by 240% through the Primary Formation; Additional Reserves Expected upon Further Evaluation of Formations Included on the Leases
Oct 12, 2021 08:49 am ET
Permex Petroleum Corporation Appoints J.P. Bryan and Jay Lendrum to its Board of Directors
Renowned Industry Veterans, Including Former President and CEO of Gulf Canada Resources Ltd., Collectively Bring Over 90 Years of International Oil and Gas Experience to Company's Leadership Team
Oct 07, 2021 03:37 pm ET
Permex Petroleum Corporation Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), a leading junior oil and gas company, announced that pursuant to the Company's Stock Option Plan (the "Plan"), it's Board of Directors approved the granting of 3,300,000 stock options to certain directors and officers of the Company. The options are exercisable at a price of $0.24 per common share and expire October 6, 2031. Granting of the options are subject to the approval of the Canadian Securities Exchange.
Oct 04, 2021 08:30 am ET
Sep 13, 2021 09:00 am ET
Permex Petroleum Corporation Signs Transformational LOI to Acquire a 7,800-Acre Oil & Gas Asset in the Permian Basin of West Texas
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation"), a leading junior oil and gas company, has entered into a non-binding Letter of Intent ("LOI") with an arms-length third party independent seller(s), for the purchase of all the seller's rights, title, 3D seismic data and interests in their oil and gas assets located in Martin County, Texas. Under the terms of the LOI, the purchase price will be for USD $2.0 million in an all-stock transaction.
Jun 23, 2021 08:00 am ET
Permex Petroleum Announces Additional Oil and Natural Gas Royalty Acquisitions in Texas
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), announced today that it has closed on multiple non-operated royalty interest ("RI") acquisitions in 29 oil and gas wells located in the Permian Basin of west Texas, all of which have established long-term production.
May 05, 2021 08:00 am ET
Permex Petroleum Announces Application for DTC Eligibility for Its Shares on OTCQB Market
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") announces that it has submitted an application to The Depository Trust Company ("DTC") for its shares being traded on the OTC Markets. The Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corporation DTCC, manages the electronic clearing and settlement of publicly traded companies. Securities eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". The electronic method of clearing securities speeds up the receipt of stock and cash and accelerates the settlement process for investors trading on the OTC marketplace. Furthermore by becoming DTC eligible companies can expect higher trading volumes in their stock given the additional accessibility and availability of shares for trading. The Company expects to be fully DTC eligible in the second half of 2021.
Apr 20, 2021 08:00 am ET
Permex Petroleum Announces Midland County, Permian Basin, Oil and Natural Gas Royalty Acquisition
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") announced today that it has closed on an acquisition of a non-operated royalty interest ("RI") ownership in 11 horizontal oil and gas wells located in Midland, Texas.
Apr 12, 2021 05:15 pm ET
Permex Petroleum Corporation Announces Results of AGM
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company)", is pleased to announce the results of the Company's Annual General Meeting of Shareholders (the "Meeting") held in Vancouver, British Columbia on April 9, 2021.
Apr 01, 2021 08:00 am ET
Permex Petroleum Corporation Launches New Investor Relations Website
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2021) -  Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") today announced the official launch of its new investor relations website dedicated to providing timely company information to current and prospective investors. To access the new site, visit Permex's Website at www.permexpetroleum.com, and click on the "Investor Relations" tab directly located at the top right of the homepage.
Mar 16, 2021 07:30 am ET
Permex Petroleum Corporation Expands Its Oil and Natural Gas Royalty Acquisitions into the Permian Basin of New Mexico
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2021) - Permex Petroleum Corporation ("Permex" or the "Company)" (CSE: OIL) (OTCQB: OILCF) is pleased to announce the expansion of its royalty acquisitions program by purchasing producing royalty interests in (5) horizontal oil and natural gas wells plus four permitted wells located in Lea County, New Mexico.
Feb 24, 2021 09:11 am ET
Permex Petroleum Corporation Announces Two Additional Oil and Natural Gas Property Royalty Acquisitions in Texas
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") is pleased to announce the purchase of producing royalty interests in (15) horizontal oil and natural gas wells located in Atascosa and La Salle Counties, Texas.
Feb 04, 2021 08:00 am ET
Permex Petroleum Corporation Announces Permian Basin Oil and Natural Gas Royalty Acquisition
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2021) -  Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company)" is pleased to announce the purchase of various producing royalty interests in (10) Horizontal oil and natural gas wells and one permitted well located in Upton County, Texas.
Dec 22, 2020 03:00 pm ET
Permex Petroleum Announces the Closing of Previously Announced Strategic Divestiture
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce the closing of the previously announced Central Basin asset disposition.
Dec 10, 2020 09:00 am ET
Permex Petroleum Announces Strategic Divestiture of Central Basin Property
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce that it has entered into an agreement with an arm's-length Texas based, private oil and gas exploration and production company (the "Purchaser") to divest of the company's Central Basin property for an approximate gross transaction value of $1.31M USD in cash, prior to customary closing adjustments (the "Divestiture").
Nov 13, 2020 07:00 am ET
Permex Petroleum Corporation Confirms Extension and Sets Date of Annual General Meeting Due To Continuation of The COVID-19 Pandemic
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (the "Company") today announced that the Company's Annual General Meeting (AGM) originally to be held in December 2020 is being rescheduled to April 9, 2021 due to the continuing COVID-19 epidemic.
Apr 23, 2020 04:18 pm ET
Permex Petroleum Corporation is Unaware of Any Material Change
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2020) - At the request of IIROC, Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (the "Company") wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.
Apr 09, 2020 07:20 am ET
Permex Petroleum Corporation Changes Date of Annual General Meeting Due to COVID-19 Pandemic
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (the "Company") today announced that the Company's Annual General Meeting (AGM) originally scheduled for April 30, 2020 is being rescheduled due to the continuing COVID-19 epidemic.
Mar 16, 2020 07:20 am ET
Permex Petroleum Corporation Announces Addition to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2020) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce the appointment of an additional member to the Company's Board of Directors.
Jan 30, 2020 07:20 am ET
Permex Petroleum Corporation Publishes Annual CEO Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF) (the "Corporation") announces that it has published its Annual Letter to Shareholders from CEO, Mehran Ehsan, on the Company's website at: http://www.permexpetroleum.com/news/news/.
Dec 17, 2019 07:20 am ET
Permex Petroleum Announces the Opening of a New Office in Dallas, Texas
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2019) - Permex Petroleum Corporation, (CSE: OIL) (the "Corporation") announces the opening of a new office in Dallas, Texas, which can strengthen the company's partnerships with local investment bankers, operators, marketers and agencies in the region. This expansion positions Permex to enhance its current operation in the Permian Basin of west Texas, and increase its corporate footprint.
Sep 23, 2019 07:20 am ET
Permex Petroleum Announces $500,000 Secured Convertible Debenture Financing
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2019) - Permex Petroleum Corporation, (CSE: OIL), (the "Corporation") announces that it will conduct a non-brokered private placement (the "Private Placement") of a secured convertible debentures (the "Debentures") in the principal amount of up to $500,000. The Debenture will mature on the second anniversary of the date of issuance (the "Maturity Date") of the Debentures and bear interest at a rate of 12% per annum, payable on the Maturity Date.
Sep 05, 2019 07:20 am ET
Permex Petroleum Cancels Final Tranche of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2019) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF), (the "Corporation") announces that the proposed second tranche of the private placement announced April 22, 2019 is cancelled at this time due to abatement of interest stemming from lower oil prices, consumer sentiment and related weakness in the junior resource sector.
Aug 29, 2019 06:29 pm ET
Permex Petroleum Corporation Reports Increased Revenue for its Q3 2019
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") has announced its 3rd fiscal quarter highlights for the period ended June 30, 2019.
Jun 25, 2019 07:20 am ET
Increased Offset Investment & Horizontal Drilling Surrounds Permex's Assets & Operations in Texas
Operational Team Prepares for a Targeted Fall 2019 Horizontal Drilling Program
Jun 03, 2019 07:20 am ET
Permex Petroleum Corporation to Participate at Montreal Capital Investment Conference
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") today announced that it will be participating in the Montreal Capital Investment Conference. President and CEO Mehran Ehsan will be meeting with investors and financial professionals to discuss the company's operational plans for the second half of 2019 and the various milestones it looks to achieve for corporate growth.
May 09, 2019 07:20 am ET
Permex Petroleum Corporation Announces Closing of First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce that it has completed the first tranche of its non-brokered private placement (the "Private Placement") previously announced on April 22, 2019. The first tranche raised a total of $607,554.90 from the issuance of 4,050,366 units ("Units") at a price of $0.15 per Unit.
May 08, 2019 07:20 am ET
Permex Petroleum Corporation Enters into an Investor Relations Agreement with Frontier Merchant Capital Group
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2019) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Corporation") is pleased to announce that it has retained the services of FronTier Merchant Capital Group ("FronTier") to provide Investor relations and marketing services. FronTier is an investor relations group with a home office in Toronto, Canada. FronTier will assist the company by increasing market awareness for the company using a number of financial market communications initiatives, including facilitating in-person introductions for the company with institutional and retail brokers in Toronto and other financial capitals, and through media distribution on national television, radio and multiple on-line channels.
Apr 22, 2019 07:20 am ET
Permex Petroleum Announces Non-Brokered Private Placement of up to C$1.5M of Units
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2019) - Permex Petroleum Corporation, (CSE: OIL) (OTCQB: OILCF) (the "Corporation") announced today that it is conducting a non-brokered private placement financing of a minimum of 4,000,000 units (the "Units") up to a maximum of 10,000,000 units (the "Units") at a price of C$0.15 per Unit (the "Offering"), for minimum aggregate proceeds of $600,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share (a "Common Share") in the capital of the Corporation and one Common Share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share of the Corporation at an exercise price of C$0.25 per Common Share for a period of 24 months from the closing of the Offering, subject to accelerated expiry in the event the price of the Corporation's shares closes at or greater than C$0.50 for ten consecutive trading days on the Canadian Securities Exchange.
Apr 17, 2019 07:20 am ET
Permex Petroleum Corporation Approved for Listing and Trading on USA OTC Exchange
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2019) - Permex Petroleum Corporation. (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company") is pleased to announce that the OTC Markets Group has approved the listing of the Company's shares on its OTCQB Market under the ticker symbol "OILCF" and that trading will begin at market open on April 17, 2019. The Company's common shares will continue to trade on the Canadian Securities Exchange (the "CSE") under the symbol OIL.
Apr 11, 2019 07:20 am ET
Permex Petroleum Submits Application for Listing on the OTCQB Exchange
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2019) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") announced today that the Company has submitted its application to list on the OTCQB tier of OTCMarkets in the United States. The Company stated that they meet all of the requirements to be eligible for OTCQB. The OTCQB membership provides enhanced investor benefits, including more stringent reporting standards, increased analyst coverage and access to news services, as well as more comprehensive compliance requirements.
Mar 11, 2019 07:20 am ET
Permex Petroleum Non-Brokered Private Placement Cancelled
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2019) - Permex Petroleum Corporation (CSE: OIL) (the "Corporation") today announces the termination of the non-brokered private placement offering (the "Offering") of up to 7,500,000 units ("Units") at a price of $0.20 per Unit that the Company previously announced on January 9, 2019. The Company has determined in light of market conditions that the current offering should be cancelled until further notice.
Jan 18, 2019 11:31 am ET
InvestmentPitch Media Invites Investors to the Global Chinese Financial Forum in Vancouver on January 19, 2019 - Video Hosted on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2019) - InvestmentPitch Media would like to invite investors to join us at the Global Chinese Financial Forum in Vancouver on January 19, 2019 at the Executive Airport Plaza Hotel, located at 7311 Westminster Highway, Richmond, from 9:00 AM to 4:00 PM.
Jan 09, 2019 07:20 am ET
Permex Petroleum Announces Non-Brokered Private Placement of up to C$1.5M of Units
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2019) - Permex Petroleum Corporation (CSE: OIL) (the "Corporation") announced today that it is conducting a non-brokered private placement financing of a minimum of 2,500,000 units (the "Units") up to a maximum of 7,500,000 units (the "Units") at a price of C$0.20 per Unit (the "Offering"), for minimum aggregate proceeds of $500,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share (a "Common Share") in the capital of the Corporation and one Common Share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share of the Corporation at an exercise price of C$0.30 per Common Share for a period of 24 months from the closing of the Offering, subject to accelerated expiry in the event the price of the Corporation's shares closes at or greater than C$0.50 for ten consecutive trading days on the Canadian Securities Exchange.
Jan 04, 2019 07:20 am ET
Permex Petroleum Corporation Publishes Annual Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2019) - Permex Petroleum Corporation (CSE: OIL) ("Permex") announces that it has published its Annual Letter to Shareholders from CEO, Mehran Ehsan, on the Company's website at: http://www.permexpetroleum.com/news/news/.
Nov 13, 2018 02:25 pm ET
Permex Petroleum Corp., Debt Free & Double the Production for Oil & Gas Co., CEO Clip Video
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2018) - Mehran Ehsan, President & CEO of Permex Petroleum talks about how their oil and gas company has hit every milestone since becoming public.
Nov 05, 2018 07:20 am ET
Permex Petroleum to be Featured on CEO Clips on the BNN Bloomberg Channel
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2018) - BTV's CEO Clips, a series of short video profiles on innovative publicly traded companies across North America, will feature Permex Petroleum (CSE: OIL) on the BNN Bloomberg Channel on November 10th and 11th, throughout the day and evenings. View link: https://www.b-tv.com/permex-petroleum-ceo-clip-90sec/.
Nov 01, 2018 07:20 am ET
Permex Petroleum Corporation Announces Addition to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2018) -  Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") is pleased to announce the appointment of an additional member to the Company's Board of Directors.
Oct 16, 2018 07:20 am ET
Permex Petroleum Corporation Announces USD $5 Million Loan Facility
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") is pleased to announce that it has secured a $5,000,000 USD lending agreement (the "Loan") with R.C. Morris Capital Management Ltd. (the "Lender"). The Company has qualified for an initial cash issuance of USD $2,000,000. The additional draws will be available depending on satisfaction of relevant terms and conditions met on both sides.
Oct 09, 2018 07:20 am ET
Permex Petroleum Corporation Announces Commencement of the Bullard Property Enhanced Oil Recovery Waterflood Program
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company)" announces that its Enhanced Oil Recovery ("EOR") Waterflood program aiming to increase oil production will commence next week within the Bullard Tannehill Unit (located in Stonewall, Texas). The program will target the extent of the Upper and Lower Tannehill formation utilizing three to four water injection wells, three receiver wells and a water supply well.
Sep 06, 2018 07:30 am ET
Permex Petroleum Corporation Announces Successful Completion of the Bullard Property Enhanced Oil Recovery Waterflood Modelling
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") announced today that it has completed Phase One of the Bullard Property Enhanced Oil Recovery ("EOR") Waterflood Modelling Project. The purpose of this report is to study the available production, injection and petrophysical data to determine how to optimize and restart this underperforming waterflood with the aim to rejuvenate and yield increased oil production.
Aug 28, 2018 07:30 am ET
Permex Petroleum Corporation Reports Production Increase from its Two Re-completed Wells and Results of its First Waterflood EOR
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company)" is pleased to announce the successful results obtained from its first two ("Test well re-entries") and waterflood EOR on one of its properties located in Stonewall County, Texas.
Aug 13, 2018 07:30 am ET
Permex Petroleum Corporation Announces Appointment of Two Technical Team members to the Advisory Board
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2018) - Permex Petroleum Corporation (CSE: OIL) ("Permex" or the "Company") is pleased to announce two technical advisors to the board of advisory of the Corporation.
Jul 04, 2018 09:53 am ET
Permex Petroleum Corporation Completes Acquisition of the ODC San Andres and Taylor Properties in Gaines County Texas
VANCOUVER, July 4, 2018 /CNW/ - Permex Petroleum Corporation ("Permex" or the "Company)" (CSE: OIL) is pleased to announce that it has recently completed the previously announced Purchase Agreement (the "Agreement") with Energy Properties 2000-1 LLC, a partially owned company of Wilbanks Reserves Corporation (collectively, "Wilbanks"), and now holds a 41.4% working interest in the ODC San Andres unit and 48% in the W,J. "A" Taylor lease (the "Assets") located in Gains County, Texas (see Figure 1 below; the "Acquisition"). The ODC unit and Taylor leases further scale Permex's land holdings in
Jun 27, 2018 11:24 am ET
Permex Petroleum Corporation Starts Re-Entry and Stimulation Program on Shut-in Wells to Increase Production
VANCOUVER, June 27, 2018 /CNW/ - Permex Petroleum Corporation ("Permex" or the "Company)" (CSE: OIL) is announcing that it has now begun its re-stimulation and re-entry program on two of its oilfields. The company has begun this program on its Bullard and West Henshaw fields. Permex has retained Basic Energy Services ("Basic") (NYSE: BAS), to handle the re-entries and stimulation of the company wells.
Jun 20, 2018 07:30 am ET
Permex Petroleum Corporation Signs LOI to Acquire Additional Oil and Gas Assets in the Delaware Basin of Eddy County New Mexico
VANCOUVER, June 20, 2018 /CNW/ - Permex Petroleum Corporation ("Permex" or the "Company") (CSE: OIL) is pleased to announce that it has signed a Non-binding Letter of Intent ("LOI") with Cameron Oil and Gas Co., Inc. ("Cameron" or "Seller"), for the purchase of all the Seller's rights, title and interest in the SW Henshaw Premier Unit (the "Assets") located in Eddy County, New Mexico.  
Jun 18, 2018 07:30 am ET
Permex Petroleum Corporation Announces Scheduled Waterflood Enhanced Oil Recovery
VANCOUVER, June 18, 2018 /CNW/ - Permex Petroleum Corporation ("Permex" or the "Company)" (CSE: OIL) The Company announces that it is on schedule to mobilize a workover rig and crew to the Pittcock North Tannehill Unit (situated in Stonewall, Texas) next week to commence the Enhanced Oil Recovery ("EOR") program within the Upper and Lower Tannehill formation. Once the workovers are finalized the initial project will be a water flood utilizing two injection wells and five active receiver wells. When the reservoir is successfully pressured up and increased oil sweep can be recognized in the fi
Jun 05, 2018 07:30 am ET
May 29, 2018 09:00 am ET
Permex Petroleum Corporation Announces Farmout Agreement with Blackspear Capital Corp.
 /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWS WIRE SERVICES/
May 18, 2018 11:05 am ET
CSE New Listing - Permex Petroleum Corporation Commences Trading on the Canadian Securities Exchange - Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - May 18, 2018) - Permex Petroleum Corporation (CSE: OIL) is one of the latest new listings on the Canadian Securities Exchange. Permex is a junior oil and gas company with a focus on identifying, evaluating and acquiring oil and natural gas assets in North America.
May 16, 2018 12:10 pm ET
Permex Petroleum Corporation Completes Initial Public Offering Listing on CSE under Symbol "OIL"
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWS WIRE SERVICES/
Jun 07, 2016 07:41 pm ET
LGX Oil + Gas Inc. announces appointment of Receiver
CALGARY, June 7, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX", or the "Company") (TSXV: OIL) announces that the Court of Queens Bench of Alberta has granted the application of the Company's lender, to appoint Ernst & Young Inc. (the "Receiver") as receiver and manager over the assets, undertakings and property of LGX and its subsidiaries. The Receiver is charged with managing the day to day affairs of the Company during the period of its appointment and should be contacted with respect to any questions concerning the assets and liabilities of LGX and its subsidiaries.
Jun 07, 2016 09:13 am ET
IIROC Trading Halt - OIL
VANCOUVER, June 7, 2016 /CNW/ - The following issues have been halted by IIROC:
Jun 02, 2016 09:32 am ET
IIROC Trading Resumption - OIL
VANCOUVER, June 2, 2016 /CNW/ - Trading resumes in:
Jun 01, 2016 08:59 pm ET
LGX Oil + Gas Inc. announces that it will not oppose the appointment of a receiver and resumes trading
CALGARY, June 1, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX", or the "Company") (TSXV: OIL) announces that the Company's lender will file an application with the Court of Queen's Bench of Alberta to place the Company into Receivership and appoint Ernst & Young Inc. as Receiver to manage the Company's affairs (the "Receiver"). The application is anticipated to be heard in Court on Tuesday, June 7, 2016 at 11:00 a.m. (MST) and it is expected the Court will grant the application. The Receiver will be charged with managing the day to day affairs of the Company during the period of appointment and
Jun 01, 2016 10:09 am ET
LGX Oil + Gas Inc. Announces Demand Payment by its Lender
CALGARY, June 1, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX", or the "Company") (TSXV: OIL) announces that the Company's lender has not extended the credit facility past May 31, 2016 and has demanded payment of $31.3 million, the full amount outstanding on the operating loan facility including accrued interest by June 10, 2016 at which time the lender can enforce their security and appoint a Receiver to manage the Company's affairs.
May 31, 2016 09:03 am ET
IIROC Trading Halt - OIL
VANCOUVER, May 31, 2016 /CNW/ - The following issues have been halted by IIROC:
May 30, 2016 07:49 pm ET
LGX Oil + Gas Inc. announces first quarter 2016 results
CALGARY, May 30, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2016.  Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com or www.sedar.com.
Apr 22, 2016 06:00 pm ET
LGX Oil + Gas Inc. Announces Year-End Reserves and Financial Results and Filing of Annual Information Form
CALGARY, April 22, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2015 as well as its annual information form ("AIF") for the year ended December 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the related MD&A and the AIF which are available for review at www.lgxoil.com or www.sedar.com.
Feb 01, 2016 04:39 pm ET
LGX Oil + Gas Inc. Announces Initiation of Strategic Review Process
CALGARY, Feb. 1, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) believes that its current share price is not reflective of the long term value within the Company's  asset base, and therefore has initiated a process to consider a range of strategic alternatives available to the Company, with a view to enhancing shareholder value.These alternatives may include, but are not limited to, a sale of all or a material portion of the LGX assets, the outright sale of the Company, or merger or other transaction involving a third party, and/or alternative financing initiatives.