oil and gas
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Permex Petroleum Closes US$2 Million Convertible Debenture Private Placement
Permex Petroleum Corporation secured a US$2 million private placement of convertible debentures and warrants. The funds will bolster working capital for general operations and strategic initiatives. Each unit comprises a debenture with a 10% annual interest rate and common share purchase warrants. The financing is intended for accredited investors and closes after a five-day notice period.
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Monumental Energy: Copper Moki-2 Well Workover Complete, Commercial Production Resumes in New Zealand
Monumental Energy Corp. announces the successful completion and resumption of commercial production at its Copper Moki-2 well in New Zealand’s Taranaki Basin. The CM-2 workover aimed to boost output from the Mt. Messenger sands, with encouraging early data. The company plans to restart CM-1 soon, anticipating increased production and revenue, especially as the location is now integrated into the gas network.
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Houston American Energy Corp. Responds to Unusual Market Activity
Houston American Energy Corp. (HUSA) announced unusual trading activity in its stock without identifying a specific cause. The company, focused on oil and gas exploration in the U.S. Permian Basin and Louisiana, warns of market volatility and forward-looking statements subject to risks like market fluctuations, potential impacts within the energy sector, and operational challenges. Investors should consider SEC filings for detailed risk factors impacting future results.
