Permex Petroleum Corp. · CSE:OIL

Permex Petroleum — Investor Presentation (March 2023)

15 slides from Permex Petroleum's investor presentation, March 2023

1. Slide 1: Conservative Plan – Aggressive Approach

   CSE: OIL | OTCQB: OILCF Conservative P lan – Aggressive Approach Q1 2023

2. Slide 2: Forward Looking Statements

   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 developments that Permex Petroleum

3. Slide 3: Oil & Gas Disclosures

   Oil & Gas Disclosures Oil Reserves All estimates of reserves and future net income contained in this presentation with respect to the Potential drilling opportunities have specifically been identified by management as an estimation of our Corporation's properties are derived from reserves reports pr

4. Slide 4: Value Proposition

   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 o Permian Basin of West Texas & o ~1.9M shares outstanding at di

5. Slide 5: Permex Overview

   Permex Overview Permex Petroleum is a junior oil & gas company at an inflection point of growth Assets Owns and operates a portfolio of producing oil assets in Texas and New Mexico on private, state and federal land Scale Upside Horizontal leg conversion and lateral drilling programs in the San Andr

6. Slide 6: Snapshot

   Snapshot Permex Petroleum (CSE: OIL; Summary of Assets OTCQB: OILCF) 11,700+ 1 Net acres of held by production oil and gas assets in Share Price USD $5.51 Texas & New Mexico 78+ 3 Basic Shares Outstanding 1,923,600 3 Oil and gas wells owned and operated by corporation Options (WAEP: USD $14.40) 92,9

7. Slide 7: Martin County

   Martin County Recent Acquisition Nearly Triples Footprint of HBP Assets  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% i

8. Slide 8: Breedlove Property

   Breedlove Property  Drilling commenced in September Logs show close to ~ 200 feet of 2022 pay in 3 separate zones  First well completion expected February 2023 CSE: OIL | OTCQB: OILCF | 8

9. Slide 9: Management Team

   Management Team Mehran Ehsan Greg Montgomery Barry Whelan President, CEO & Director CFO, Corporate Secretary & Director COO & Director  Has an impactful 14+ years of experience in the oil & gas  Experienced in the oil and gas industry  Experience as a geologist and engineer, initiating his indust

10. Slide 10: Directors & Advisory Board

    Directors & Advisory Board J.P. Bryan Jay Lendrum Doug Urch Director Director Director  50+ years experience in the oil and gas industry  Experienced in the oil and gas industry  Experienced in the oil and gas industry  Former President and CEO of Gulf Canada Resources Ltd.  Currently serves as

11. Slide 11: Reserves Summary

    Reserves Summary SUMMARY OF PROVED, PROBABLE (2P) RESERVES (As of Sep. 2022) PRE-TAX PRESENT VALUE $ Amounts in USD OIL (BBL) GAS (MCF) OPERATING INCOME(1) (10%) Proved Developing Producing 444,600 286,200 $25,887,700.00 $12,057,600.00 Developed Non-Producing 709,300 578,600 $55,679,600.00 $34,831,6

12. Slide 12: Investment Highlights

    Investment Highlights Targeted Oil & Gas Development and Producing Assets in the Mix of Development Assets for Sustainable Growth + Blue Sky Permian Basin - Largest Petro Producing Basin in U.S. Projects for Scale Growth  11,700 net acres of held by production oil and gas assets in  Secondary reco

13. Slide 13: Contact Us

    Contact Us 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 Fourth Street NW Suite 500 Suite 925 Suite 1000 Vancouver, BC V6C 2X8 Dallas, Texas 75219

14. Slide 14: Appendix

    APPENDIX CSE: OIL | OTCQB: OILCF | 15

15. Slide 15: Permian Basin Cross Sections

    Permian Basin Cross Sections 2,000’ Central Basin Platform 3,000’ Yates 4,000’ Grayburg 5,000’ San Andres 6,000’ Delaware Basin Clearfork Midland Basin Wichita - Albany 7,000’ 8,000’ Wolfberry Bone Spring 9,000’ Wolfcamp 10,000’ CSE: OIL | OTCQB: OILCF | 16

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