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Permex Petroleum using waterflood program to increase production at Bullard Project

Permex Petroleum (CSE:OIL) CEO Mehran Ehsan dropped in to the Vancouver studio of Proactive Investors to talk about a change at the companies Bullard Property. Ehsan says they are going to use a waterflood program to dramatically  increase the amount of oil they are bring to the surface.

Ehsan also talk about how this small project will have a major impact on Permex's overall portfolio. 

Quick facts: Permex Petroleum Corporation

Price: 0.025 CAD

CSE:OIL
Market: CSE
Market Cap: $1 m
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2 min read