Permex Petroleum Corp. · CSE:OIL
Permex Petroleum — Investor Presentation (October 2023)
16 slides from Permex Petroleum's investor presentation, Oct 25, 2023
Slide 1: Conservative Plan - Aggressive Approach
PERMEX PETROLEUM CSE: OIL | OTCQB: OILCD Conservative Plan - Aggressive Approach 94 2023
Slide 2: Forward Looking Statements
PERMEX PETROLEUM CORPORATION Forward Looking Statements This presentation includes certain statements that may be deemed forward - looking statements under applicable securities laws. all statements in this presentation, other than statements of historical facts, that address future events or develo
Slide 3: Oil & Gas Disclosures
Oil & Gas Disclosures PERMEX PETROLEUM CORPORATION Reserves All estimates of reserves and future net income contained in this presentation with respect to the Corporation's properties are derived from reserves reports prepared by MKM Engineering, an independent qualified reserves evaluator, effectiv
Slide 4: Overview
PERMEX PETROLEUM Overview Permex Petroleum is a junior oil & gas company that Owns & Operates on Private, State & Federal Land in Texas & New Mexico TIMING GEOGRAPHY & GEOLOGY STRUCTURE = Acquired over 11,000+ acres Permian Basin of West Texas & at discount during downcycle ! 551,503 shares outstand
Slide 5: Overview
PERMEX PETROLEUM CORPORATION Overview Owns and operates a portfolio of producing oil assets in Texas and New Mexico on private, THOS state and federal land : Horizontal leg conversion and lateral drilling programs in the San Andres formation PITTCOCK NORTH PITTCOCK SOUTH WEST HENSHAW. MARY BULLARD L
Slide 6: Snapshot
PERMEX PETROLEUM Snapshot Summary of Assets Permex Petroleum (CSE: OIL; theld b 4 land . Net acres of he! roduction oil and gas assets in ere On CIS 11,700+ Texas & New Mexico. . Share Price’ USD $6.98 Basic Shares Outstanding’ 551,503 18+ Oil and gas wells owned and operated by corporation Options’
Slide 7: Permian Basin Cross Sections
PERMEX PETROLEUM Permian Basin Cross Sections 5,000" ‘ ae - L We - 6,000” in = Midland Basi 8,000” Wolfberry 9,000" 10,000 CSE: OIL | OTCQB: OILCD | 7
Slide 8: Demand for Permian Reserves
PERMEX PETROLEUM Demand for Permian Reserves Recent Transactions Announced in the Permian Basin October 11, 2023, Exxon Mobil (NYSE: XOM) to Acquire Pioneer Natural Resources (NYSE: PXD) in an all-stock transaction valued at $59.5 billion. ? * “Transforms ExxonMobil’s upstream portfolio, more than d
Slide 9: Martin County
PERMEX PETROLEUM CORPORATION Martin County Permex owns 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 total vertical wells, including 12 producers, 4 saltwater di
Slide 10: Breedlove Property
iD ase Breedlove Property SEAR FEYS Drilling commenced in September 2022 Vertical test and completion January 2023 Logs show close to ~ 200 feet of pay in 3 separate zones CSE: OIL | OTCOB: O1LCD | 10
Slide 11: Management Team
Management Team PERMEX PETROLEUM Mehran Ehsan President, CEO & Director * Has an impactful 14* years of experience in the oil & gas industry, by leading numerous teams in the successful creation of multiple upstream oil and gas companies Harold Petroleum Engineer = Registered Professional Engineer f
Slide 12: Board & Advisory Board
& Advisory Board PERMEX PETROLEUM J.P. Bryan Independent 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,
Slide 13: Reserves Summary
PERMEX PETROLEUM Reserves Summary CHRO (As of Sep. 2022) 100%? mp 444,600 286,200 $25,887,700.00 $12,057,600.00 eve 709,300 578,600 $55,679,600.00 $34,831,600.00 5,083,200 2,136,400 $344,583,600.00 $151,729,900.00 >90%? mp 6,237,100 3,001,200 $426,150,900.00 $198,619,100.00 >50%? =p 7,452,100 10,323
Slide 14: Reserves — Valuation Comparison
PERMEX PETROLEUM Reserves — Valuation Comparison EV/1P Reserves 0.60x 0.55x. 0.50x 0.40x 0.30x 0.20x 0.10x 0.02% 0.00% —— Permex Petroleum Corporation Industry Peer Median 1) Enterprise Value / 1P Proved 2)includes: Ring Energy, Inc. (NY CRI}; Northern Oil & Gas, Ine TRUM) 3) Source: Public Disclos
Slide 15: Investment Highlights
Investment Highlights PERMEX PETROLEUM Targeted Oil & Gas Development and Producing Assets in the Permian Basin - Largest 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 Clearf
Slide 16: Contact Us
Contact Us PERMEX PETROLEUM CORPORATION Company Investor Relations admin@permexpetroleum.com Renmark Financial (469) 804-1306 Communications Inc. Steve Hosein (416) 644-2020 or (212) 812-7680 Shosein@RenmarkFinancial.com www.RenmarkFinancial.com VANCOUVER OFFICE DALLAS OFFICE NEW MEXICO OFFICE. 666
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