Permex Petroleum Corporation /
Navidad Petroleum and TMR Exploration
Permex Petroleum Corporation takes option on oil and gas assets
Source for the buyer and target: Permex Petroleum Corporation
For the buyer and target.
“VANCOUVER, BC – September 2nd, 2025 - Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) (“ Permex ” or the “ Company ”), a publicly traded oil and gas exploration and production company with assets in the Permian Basin, is pleased to announce it has entered into an option agreement (the “Option Agreement”) to purchase producing oil and natural gas wells from an ownership group including Navidad Petroleum and TMR Exploration (the “Group”).”
Published 5 Sep 2025
Open the sourceWhat happened
Permex Petroleum Corporation entered into an option agreement to purchase producing oil and natural gas wells from an ownership group including Navidad Petroleum and TMR Exploration. The assets include more than 50 producing wells, gathering facilities and over 20,000 net mineral acres of undeveloped leasehold interests. [01]
The option gives Permex Petroleum Corporation six months to acquire the group’s interests for $3 million in cash and stock, including a minimum of $1.75 million in cash. [01]
The source
Everything on this page comes from the source below, quoted word for word.
Permex Petroleum Corporation takes option on oil and gas assets
This document is the source for the companies, stage, figure and people on this page.
Open the sourceTimeline
Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.
The same firms, in other deals
The firms' deal history and connections across other deals.
These firms' full profiles are part of Pro.
Get ProAlready a member? Sign in
Pro is open to everyone.
By email · Weekly