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Permex Petroleum CEO explains shut-in wells stabilization, talks scaling operations

Permex Petroleum Corp (CSE:OIL) CEO Mehran Ehsan updates Proactive's Christine Corrado on operations, saying the junior oiler successfully re-entered and completed two shut-in wells, which will add to production.

The Texas and New Mexico wells came on line at an initial rate of 10 barrels of oil per day, but have now have stabilized at 5 barrels per day. In this interview, Ehsan explains this decline.

Ehsan also noted the company is in a position to bring online horizontal wells much sooner than anticipated, scaling company's operations and productions.

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Price: 0.08 CAD

CSE:OIL
Market: CSE
Market Cap: $3.2 m
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Permex Petroleum Corp getting ready for major work on oil projects in Texas

Permex Petroleum Corp (OTCQB:OILCF) (CSE:OIL) CEO Mehran Ehsan updates Proactive Investors' Steve Darling at the 9th Annual LD Micro Invitational Investor Conference in Los Angeles, CA.

on 4/6/19

2 min read