Permex Petroleum Corporation is a junior oil and gas company focused on acquiring, exploring, developing, and producing low-risk oil and natural gas assets in the Permian Basin of West Texas and the Delaware Sub-Basin of Southeast New Mexico. Through its wholly owned subsidiary, Permex Petroleum US Corporation, it operates on private, state, and federal land, emphasizing sustainable growth through Held by Production (HBP) assets and future Blue-Sky projects. In 2022, Permex announced a strategic relationship with 360 Energy to collaborate on in-field computing infrastructure, combining hydrocarbon development with cryptocurrency mining, indicating involvement in powering or supporting crypto mining operations. Their activities include enhanced oil recovery programs (e.g., Bullard Property waterflood) and operational agreements, such as managing 19 wells in the Permian Basin for a monthly fee.

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