Permex has MASSIVE Upside Potential

Permex Petroleum (CSE: OIL) or OILCF on the OTCQB has net proven and probable oil reserves of 8.207 million barrels plus net proven and probable natural gas reserves of 8.312 million Mcf. These assets are expected to generate future net income of US$235.509 million and have a present value using a 10% discount rate of US$89.913 million.

These estimates use a 2021 crude oil price of US$45 per barrel and a 2021 natural gas price of US$2.90 per million Btu. Currently, crude oil is trading for US$84 per barrel and natural gas is trading for US$5.82 per million Btu.

Crude oil is trading 86.67% higher than what was estimated in OIL's reserve valuation estimate. Natural Gas is trading 100.69% higher than what was estimated in OIL's reserve valuation estimate.

These estimates do not include any oil and natural gas reserves from OIL's newly acquired 7,800 acres in the Permian Basin!

Most oil stocks are trading well above the present value of their net proven and probable reserves!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.