Permex Petroleum Corp. · CSE:OIL
Permex Petroleum — Investor Presentation (October 2022)
17 slides from Permex Petroleum's investor presentation, Oct 26, 2022
Slide 1: Conservative Plan - Aggressive Approach
PERMEX PETROLEUM CSE: OIL | OTCQB: OILCF Conservative Plan - Aggressive Approach
Slide 2: Forward Looking Statements
PERMEX PETROLEUM Forward Looking Statements Ti tet cc sre trent a ed fon tina up Poin a ie ols ah ie tan of Ks future events or developments that Permex Petroleum Corporation (“Permex" or the Corporation”) expects are forward - looking Forward - looking are by words such as “plan, “expec "projec, “i
Slide 3: Oil & Gas Disclosures
Oil & Gas Disclosures OitReserves ‘All estimates of reserves and future net income contained inthis presentation with respect tothe Corporation's Droperties are derived from reserves reports prepared by MKM Engineering, an independent qualified reserves, evaluator, elective September 20, 2021. MKM E
Slide 4: Value Proposition
PERMEX PETROLEUM Value Proposition Permex Petroleum is a junior oil & gas company at an inflection point of growth Owns & Operates on Private, State & Federal Land in Texas & New Mexico TIMING GEOGRAPHY & GEOLOGY STRUCTURE o Acquired over 11,000+ acres © Permian Basin of West Texas & © ~116M shares
Slide 5: Permex Overview
PERMEX PETROLEUM ORPORATION Permex Overview Permex Petroleum is a junior oil & gas company at an inflection point of growth Owns and operates a portfolio of producing oil assets in Texas and New Mexico on private, state and federal land PITTCOCK NORTH PITTCOCK SOUTH Horizontal leg conversion and lat
Slide 6: Snapshot
Snapshot PERMEX PETROLEUM ORPORATION Share Price’ Basic Shares Outstanding” Options’ (WAEP: CADS$0.24 UsD$0.18) Warrants’ (WAEP: CAD$0.21 usD$0.15) Fully Diluted Shares Outstanding” Market Cap." Cash Balance* Management % Ownership Notably High Management & Insider Ownership CADS0.16 ~116.0M ~5.6M 6
Slide 7: Operational Progress
PERMEX PETROLEUM Operational Progress Multi-Pronged Acquisition Strategy = Acquired royalty interests in 73 producing oil and gas wells through June 2021 Geographic Focus = Permian Basin of West Texas & Southeast New Mexico; Largest petroleum-producing basin in the U.S. * Key formations include the
Slide 8: Martin County
PERMEX PETROLEUM ORPORATION Martin County In October 2021, Permex entered into a definitive agreement to acquire 7,800+ acres on the Breedlove field, Martin County, Texas The properties are over 12 contiguous sections in the core of the Permian Basin, of which 98% is held by production (“HBP”) 25 to
Slide 9: Breedlove Property
PERMEX PETROLEUM Breedlove Property = Drilling commenced in September 2022 = First well completion expected ae November 2022 i
Slide 10: Stonewall County
PERMEX PETROLEUM Stonewall County Clearfork Formation in Northwest Texas 1000+ acres HBP across three properties Pittcock North/South Properties = Currently 29 shut-in wells and four saltwater disposal wells 55 Mary Bullard Property ‘2 fea) * One producing well, 4 shut-in wells, and 2 water injectio
Slide 11: Henshaw Property
Henshaw Property Horizontal Drilling - Waterflood EOR Candidate = Property sits on 1,880 net acres ® Restoration of producing wells are currently on the agenda | EST HENSHAW PERMEX PETROLEUM
Slide 12: Management Team
Management Team PERMEX PETROLEUM Mehran Ehsan Greg Montgomery President, CEO & Director CFO, Corporate Secretary & Director = Has an impactful 14+ years of experience in the oil & gas» Experienced in the oil and gas industry industry, by leading numerous teams in the successful» in the past 5 years,
Slide 13: Directors & Advisory Board
Directors & Advisory Board PERMEX PETROLEUM J.P. Bryan Director = 50+ years experience in the oil and gas industry = Former President and CEO of Gulf Canada Resources Ltd. * Served as Chairman and/or CEO for various oil & gas and companies, including Nuevo Energy Company, Bellwether Exploration, and
Slide 14: Investment Highlights
Investment Highlights Targeted Oil & Gas Development and Producing Assets - A Large Petro Producing Basin in U.S. = 11,700 net acres of held by production oil and gas assets in Permian Basin of West Texas & Southeast New Mexico = Key formations include the Clearfork and San Andres Acquired 100% work
Slide 15: Contact Us
Contact Us PERMEX PETROLEUM C207 R P20) RAT || O..N Company Investor Relations admin@permexpetroleum.com Dave Gentry RedChip 407-491-4498 OILCF@redchip.com VANCOUVER OFFICE DALLAS OFFICE NEW MEXICO OFFICE 666 Burrard Street 2911 Turtle Creek Blvd 500 FourthrStreet NW Suite 500 Suite 925 Suite 1000 V
Slide 16: Appendix
PERMEX PETROLEUM 8.04R)2)0) Rid THGNy APPENDIX
Slide 17: Permian Basin Cross Sections
P| PERMEX PETROLEUM Permian Basin Cross Sections 2,000" 3,000" 4,000" 5,000" 6,000" 7,000" 8,000" 9,000" 10,000" CSE: OIL | OTCQB: OILCF | 17
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