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Well-known industry veterans, including the former president and CEO of Gulf Canada Resources Ltd., have brought more than 90 years of international oil and gas experience to the company’s leadership team
Vancouver, British Columbia-(Newsfile Corp.-October 12, 2021)-Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (“Permex” or”company“), a leading junior oil and gas company, today appointed John Perry (“JP”) Bryan, Jr. and John James (“Jay”) Lendrum, III to its board of directors (“Board of Directors”).
After joining Permex, Mr. Bryan has more than 50 years of management experience in some of the most well-known and successful oil and gas companies in the world. Bryan has built a legacy during his career, which specifically includes serving as the president and chief executive officer of Canada Gulf Resources Ltd., one of the “big four” oil companies that existed before ConocoPhillips’ acquisition. Bryan has served as chairman and chief executive officer of many companies. Leadership in oil and gas companies and the financial services industry.
Since 2015, Mr. Lendrum has served as Chairman of Nuevo Midstream Dos, LLC, which is actively engaged in midstream projects in the U.S. Primary Energy Basin. Prior to this, Mr. Lendrum served as President, CEO and Director of Nuevo Midstream Company and Chairman of Torch Energy Advisors, Inc., and various executive and board positions in the oil and gas industry.
Mehran Ehsan, President and CEO of Permex Petroleum, said: “As we prepare for the next phase of growth for a listed company, JP and Jay’s outstanding international oil and gas background makes them a very valuable addition to our board of directors.” Extensive experience in managing listed companies at the executive and board level, as well as their comprehensive expertise in restructuring and listing strategies, will prove invaluable as we expand our business scale. We look forward to them joining our leadership team through Permex’s acceleration, growth, and speed adoption in drilling programs to realize the true potential of our expanding reserve footprint. “
Mr. Bryan commented: “Permex will benefit greatly from its growing position in the North American oil and gas market. I believe that my experience at the forefront of the industry, including my tenure in the Canadian Gulf region, will enable me to Effectively advise the Permex management team as I anticipate the company will usher in a prosperous period.”
Mr. Lendrum commented: “As Permex advances its operating strategy, I look forward to the opportunity to work closely with Permex’s management team. I will leverage my experience in leading listed companies through the acquisition and development of oil and gas production properties, as well as my particular interest in With an in-depth understanding of the Permian Basin, I hope to provide valuable guidance to this well-equipped leadership team.”
About Permex Oil Company
Permex Petroleum (CSE: OIL) (OTCQB: OILCF) is a uniquely positioned primary 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 focuses on combining the sustainable growth of its Held by Production assets developed at low cost with its current and future Blue-Sky projects to achieve scale growth. The company, through its wholly-owned subsidiary Permex Petroleum US Corporation, is the licensed operator in these two states; and it owns and operates on private, state and federal land.For more information, please visit www.permexpetroleum.com.
contact information
Permex Petroleum Corporation
Mehran Ethan |
President, CEO and Director
(214) 459-2782
Scott Kelly
Chief Financial Officer, Company Secretary and Director
(778) 373-5421
Or for investor relations, please contact:
Brooks Hamilton
OILCF@mzgroup.us
Warning disclaimer:
Neither the Canadian Stock Exchange, OTCMarkets, or their regulatory service providers (as this term is defined in their respective policies) accepts responsibility for the adequacy or accuracy of this press release.
Forward-looking statements
The information in this press release may involve forward-looking statements under applicable securities laws. The entire contents of the forward-looking statements contained herein are clearly limited by this cautionary statement. The forward-looking statements contained in this document were made on the date of publication of this document, and the company does not undertake any intent or obligation to update or revise any forward-looking statements, whether due to new information, future events or other reasons, unless applicable Clear requirements of securities laws and regulations. Although management believes that the expectations contained in such forward-looking statements are reasonable, it cannot guarantee that such expectations will prove to be correct. This press release does not constitute an offer to sell or solicit to purchase any of the securities described herein, and therefore should not be overly relied on. Neither CSE, OTC Markets nor their regulatory service providers (this term is defined in the policies of any exchange) is not responsible for the adequacy or accuracy of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99270
Source: Press file
Version number: 43126
There is no offer to sell, no invitation to buy, and no recommendation for any securities or any other products or services in this article. In addition, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or securities, or participate in any investment strategy or transaction. You are responsible for determining whether any investment, investment strategy, securities or related transactions are suitable for you based on your investment objectives, financial situation and risk tolerance. Regarding your specific business, legal or tax situation, please consult your business adviser, lawyer or tax adviser.
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