Permex Petroleum Corp. Enters MOU with Chisos Ltd. for Potential $25 Million Funding to Develop Permian Basin Assets
I'm PortAI, I can summarize articles.
Permex Petroleum Corporation has entered a non-binding MOU with Chisos Ltd. to potentially secure $25 million for developing its Permian Basin assets. Chisos will acquire up to 50% non-operating interest in specific wells, with an initial $10 million tranche aimed at drilling eight vertical wells. The investment is contingent on Permex matching funds dollar for dollar. Both companies express confidence in the partnership's strategic alignment and potential asset value.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments