Published: August 1, 2024 |

[Click image to enlarge]

Permex Petroleum Corporation has appointed Bradley Taillon as the new president and chief executive officer. Taillon’s appointment follows the resignation of Mehran Ehsan who will continue to serve as a member of the board of directors and vice president of Business Development. As CEO of Permex Petroleum since the company’s inception, Ehsan played a prominent role in the company’s formation and expansion.

“With the support of Mehran Ehsan and our board of directors, I appreciate the opportunity to lead Permex Petroleum into its next chapter as we capitalize on our premier acreage and reserve position in the Permian Basin. Mehran and his team built a very strong portfolio of assets with 1P reserves of approximately $160 million and greater than 90 percent oil,” said Bradley Taillon.

“I look forward to building upon that success by unlocking the production potential, expanding our reserves and growing our overall asset and shareholder value,” added Taillon.

“We welcome Brad as Permex Petroleum’s next CEO. Brad’s deep experience and leadership will strengthen the company as we embark on the next growth stage to fund, develop, and expand our Permian Basin assets,” said Director Douglas Urch.

“Under Mehran’s leadership, the company built an impressive acreage, reserve position, and the beginning of a development program while weathering volatile market conditions,” added Urch.

“It has been an honor to serve as president and CEO of Permex Petroleum and to work alongside such a talented team. I will continue to serve Permex on the board of directors and look forward to leading our business development efforts and contributing to the company’s growth,” said Mehran Ehsan.

Bradley Taillon has a wealth of experience working in operations and finance for both public and private junior oil and gas companies, particularly those focused on U.S. and Permian Basin growth and development. Taillon’s experience in junior oil and gas operations not only consists of working as a senior manager at the corporate level, but also in the field as a registered professional landman with the AAPL. He recently led the M&A initiative for Ruckus Energy, where he played an instrumental role growing their assets from zero to greater than $130 million in 1P reserves. Prior to Ruckus Energy, Taillon oversaw the M&A initiative at Lilis Energy also focused on the Permian Basin, and contributed to Lilis’s success by more than doubling its acreage position in the highly competitive Delaware Basin while the company’s market capitalization grew from approximately $3 million to $550 million in a period of less than 2 years. Prior to Taillon’s appointment at Permex Petroleum as president and CEO, he recently served as the company’s vice president of Finance. He holds a Bachelor of Business Administration in International Economics and an MBA in International Finance from Fort Hays State University.

Permex Petroleum is a uniquely positioned junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The company focuses on combining its low-cost development of held by production assets for sustainable growth with its current and future Blue-Sky projects for scale growth. The company, through its wholly owned subsidiary, Permex Petroleum U.S. Corporation, is a licensed operator in both states, and owns and operates on private, state, and federal land.

Be in-the-know when you’re on-the-go!

CLICK HERE to register your email address.

Copyright © 2024 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)