Permex Petroleum Announces Option to Acquire Energy Assets for Bitcoin Mining Strategy
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Permex Petroleum Corp. has announced an option agreement to acquire energy-producing assets, including over 50 oil and natural gas wells, from Navidad Petroleum and TMR Exploration. The agreement involves a US$75,000 payment for a 6-month option to purchase the assets for US$3 million, which will be a mix of cash and stock. This move supports Permex's strategy to leverage undervalued gas assets for Bitcoin mining.
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