Permex Owns $4.25 Per Share Worth of Oil Reserves

Permex Petroleum (CSE: OIL) has 24.5 million barrels of proven & probable oil reserves. The PV10 value (present value with 10% discount rate) of these reserves is $289.3 million or $4.25 per share. OIL is currently trading for less than 1/10th of this amount. Most oil stocks are trading above their PV10 values.

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