Vancouver-based Permex Petroleum Corp. said Sept. 13 it reached non-binding agreement with a third-party independent seller to purchase oil and gas assets in Permian Basin in an all-stock transaction valued at $2 million. Permex will acquire 100 percent working interest in assets of 7,870 gross acres in Martin County (98 percent considered held by production). The acreage also contains several drill sites. Permex said full disclosure will be announced upon execution of the definitive agreement.