Permex Petroleum Corp

Permex Petroleum Corp is a U.S.-focused independent oil and gas company organized around the acquisition, development, and production of properties in the Permian Basin and other U.S. basins. Through its operating subsidiary, it holds working interests, royalty interests, and infrastructure tied to producing wells, shut-in wells, saltwater disposal, and water supply assets.

−2 930,6 %

−3 980,5 %

−84,9 %

0.23

0.23

— Permex Petroleum Corp
%
Oil and gas production55% Production of crude oil and natural gas from operated and royalty properties.
Operator services and fees10% Fee-based services tied to operating or managing oilfield assets.
Lease acquisition and development15% Acquisition and development of producing and undeveloped leases in U.S. basins.
Well workovers and recompletions10% Re-entry, recompletion, and restoration of shut-in wells to production.
Midstream field infrastructure10% Saltwater disposal and water supply assets supporting field operations.

Permex sells produced oil and gas into commodity markets, so its direct buyers are typically purchasers and marketers...

  • Oil and gas purchasersprimary

    Buy crude oil and natural gas production from Permex's operated wells and leases.

  • Operator services counterpartiessecondary

    Pay fees for operating or field services under contract arrangements.

  • Royalty interest revenue sourcessecondary

    Generate royalty income from third-party operated wells and permitted acreage.

  • Working-interest partnerssecondary

    Share in development and operating economics across jointly held assets.

Permex is headquartered in the United States but was incorporated in British Columbia, Canada, and its operating assets...

  • •Core operating assets are in Martin County, Texas
  • •Additional acreage and wells are in New Mexico's Delaware Basin
  • •Business is concentrated in the Permian Basin, a key U.S. oil basin
  • •Incorporated in British Columbia, Canada, with U.S. operations
  • •Field infrastructure includes disposal and water supply assets

Permex's strategy centers on restoring and expanding production from existing fields through workovers, recompletions,...

01
Restart and optimize existing wellsshort-term

Existing wellbores can be cheaper to monetize than new drilling and improve field output quickly.

02
Develop proved undeveloped reservesmedium-term

Adds future production from known acreage and extends asset life.

03
Secure external financingshort-term

Capital is needed to fund operating needs and field development.

Permex is exposed to commodity-price volatility, field execution risk, and the capital intensity of restoring and...

critical

Going-concern and liquidity risk

The company disclosed insufficient working capital and reliance on external financing to fund operations and capex.

Scope
Operating and development funding
Materiality
high
high

Commodity price volatility

Oil and gas sales depend on market prices, which directly affect revenue and project returns.

Scope
Realized oil and gas prices
Materiality
high
high

Operational restart and workover risk

Restarting shut-in wells requires repairs, tubing replacements, and successful recompletions.

Scope
Breedlove and other operated wells
Materiality
high
high

Asset concentration risk

A limited number of fields and wells means problems at one asset can materially affect results.

Scope
Permian Basin properties
Materiality
high
medium

Public market liquidity risk

The shares have limited trading liquidity, which can widen spreads and increase volatility.

Scope
Common shares
Materiality
medium
Oil and natural gas reserve estimates
Higher or lower reserve estimates can materially change asset values and future expense recognition
Long-lived asset impairment
Downward price or production assumptions can trigger impairment charges
Asset retirement obligations
Changes in discount rates, timing, or cost estimates alter liabilities and accretion expense
Revenue timing and mix
Quarterly revenue comparability can be distorted by restart timing and service fees

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: 29/04/2026