Permex Petroleum (CSE: OIL) has signed a non-binding Letter of Intent with 360 Energy to explore implementing In-Field Computing (IFC) technology for bitcoin mining operations powered by natural gas at Permex’s oil and gas sites. The strategic collaboration aims to transform natural gas monetization by converting otherwise flared or stranded gas into electricity for on-site data centers.
The partnership could potentially enable Permex to achieve natural gas realizations of up to $10 per Mcf while reducing methane emissions. The IFC system requires no existing gas, electric, or network infrastructure, making it suitable for fringe basins with limited midstream access. The company plans to incorporate IFC technology into its asset evaluation and capital allocation strategy moving forward.
Permex Petroleum (CSE: OIL) ha firmato una Letter of Intent non…
