Permex Petroleum Corporation Defers NYSE American Listing

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DALLAS, Nov. 16, 2022 (GLOBE NEWSWIRE) — Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCD) (FSE: 75P) (“Permex” or the “Company”), an independent energy company engaged in the acquisition, exploration, development and production of oil and gas properties on private, state and federal lands in the United States, announced today that it has decided to defer its listing on the NYSE American, which was announced on November 10, 2022, due to market conditions. Permex will reassess market conditions over the coming months and keep the market informed.

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A registration statement relating to the securities of Permex has been filed with the United States Securities and Exchange Commission, but has not yet become effective. These securities may not be sold or offers to buy may be accepted prior to the effective date of the registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or territory. Any offer, solicitation or offer to buy or sell securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

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About Permex Petroleum Corporation

Permex Petroleum is a uniquely positioned junior oil and gas company with assets and operations in the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Company is focused on combining its low-cost development of production-owned assets for sustainable growth with its current and future Blue-Sky projects for large-scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, is a licensed operator in both states, and owns and operates private, state and federal lands. For more information, please visit www.permexpetroleum.com.

Forward-looking statements

Statements in this press release may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and other federal securities laws as well as applicable Canadian securities laws. movables. These forward-looking statements are made based on management’s current beliefs, expectations and assumptions, are not guarantees of performance and are subject to significant risks and uncertainties. Such forward-looking statements should therefore be considered in light of various important factors, including those set forth in the Company’s reports that it files from time to time with the United States Securities and Exchange Commission and Canadian securities regulators. securities that you should consider. When used in this press release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “could”, ” potential”, “believe”, “should” and similar expressions, are forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to the company’s plans to list on NYSE American, financial condition and results of operations, legal, economic, business, competitive and/or regulations affecting Permex’s business and any other statements regarding events or developments that Permex believes or anticipates will or may occur in the future. These forward-looking statements should not be considered predictions of future events, and the Company cannot assure you that the events or circumstances discussed or reflected in these statements will occur or occur. If these forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not consider these statements as a representation or warranty by the Company or any other person that it will achieve its objectives and plans within a specified time frame, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence unforeseen events, unless required by law.

Contact information

Permex oil company
Mehran Ehsan
President, CEO and Director
(469) 804-1306

Gregory Montgomery
Chief Financial Officer & Director
(469) 804-1306

Or for Investor Relations, please contact:

David Gentry
[email protected]

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