Permex to Make Massive Gains in Days Ahead

Permex Petroleum (CSE: OIL) or OILCF on the OTCQB is about to surpass its most important key breakout point of $0.325 per share and make massive gains in the days ahead!

OIL has proven and probable reserves of 9.5 million barrels of oil equivalent not including its transformational new acquisition of a massive 7,800-Acre Oil & Gas Asset in the Core of Permian Basin of West Texas! At today's closing price of $0.32 per share, OIL is only receiving $1.12 in value per proven and probable barrel of oil equivalent when crude oil is now $84 per barrel!

Most importantly, OIL isn't receiving any value at all for its royalties in oil/gas wells operated by billion dollar oil companies!

OIL owns royalties in 13 oil/gas wells operated by ConocoPhillips (COP) a $110 billion enterprise value company.

OIL owns royalties in 11 oil/gas wells operated by EOG Resources Inc (EOG) a $55 billion enterprise value company.

OIL owns royalties in 11 oil/gas wells operated by Pioneer Natural Resources Company (PXD) a $54 billion enterprise value company.

OIL owns royalties in 10 oil/gas wells operated by APA Corporation (APA) an $18 billion enterprise value company.

OIL owns royalties in 10 oil/gas wells operated by Marathon Oil Corporation (MRO) a $17 billion enterprise value company.

OIL owns royalties in 7 oil/gas wells operated by Callon Petroleum Company (CPE) a $6 billion enterprise value company.

OIL owns royalties in 5 oil/gas wells operated by Chesapeake Energy (CHK) a $7 billion enterprise value company.

OIL owns royalties in 3 oil/gas wells operated by Chevron Corporation (CVX) a $254 billion enterprise value company.

OIL owns royalties in 1 oil/gas well operated by ExxonMobil (XOM) a $324 billion enterprise value company.

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