PerMex Petroleum Corp (OILCF)

[HighYieldStocks]

$OILCF ... best comparable as far as company size, where it operates, etc. I think is Houston American Energy,
$HUSA
:

both primarily operate in the Permian.

Husa has 4 wells producing ~10 bopd.

Permex will have 20 online producing ~10bopd.
end of year. also permex is drilling 2 wells starting this month, these will do much better than 10 bopd (spraberry formation).

Husa can't secure fracking or Rigs (according to its 13f). permex has one for at least the 2 wells, maybe more, having the board we do is good for connections.

we have way, way, way more property for future exploration/production. 98% of 11700 acres, held by production (it's ours) .

Husa has a 21% working interest in 1500 acres.

obviously husa had a weird little run a few months ago, but it's settled in around the $4 mark which is still high imo. I think that puts permex atleast 4x undervalued, with a lot of great prospects for future growth beyond that.