Permex Petroleum shares to start life on OTCQB market today

Permex Petroleum Corp (CSE:OIL) shares will begin trading today (April 17) on the OTCQB market under the ticker symbol ‘OILCF’  as the junior oiler expands its presence in the US.

Its stock will also continue to trade on the Canadian Securities Exchange (CSE) under the symbol ‘OIL’.

DEEP DIVE: Permex Petroleum positioned for growth in the world’s hottest oil and gas region

“Trading on the OTCQB Market will expand Permex’s presence in the United States with exposure to US equities markets through an established trading platform,” said Mehran Ehsan, the Permex chief executive.

“We look forward to introducing Permex to a broader range of institutional and retail investors in the United States and to providing US investors with access to the company’s securities through a recognized US marketplace.

“Further to our recent listing on the CSE, this is an important milestone as we continue our track record of execution towards maximizing long term shareholder value,” added the company boss.

Permex is a junior oil and gas company with assets and operations across in west Texas and New Mexico.

Permian basin

Originally founded in 2013 and then restructured into a corporation in 2017 by President and Chief Executive Officer Mehran Ehsan, Permex operates primarily in the Permian Basin of Texas, which Ehsan calls one of the best environments in the oil and gas industry. 

The properties, projects and formations in this area are so popular that a new word has been added to industry vocabulary: ‘Permania.’

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Story by ProactiveInvestors