Permex Petroleum Corp
Period
FY 2024
Revenue
$100.2K
Net Income
$-3.99M
Total Assets
$12.06M
Equity
$4.11M
Shares Out
551.5K
Op. Cash Flow
$-2.29M
Business
Permex Petroleum Corp is an independent energy company engaged in acquisition, exploration, development and production of oil and natural gas properties. It offers production, recompletion and re-entry services, secondary recovery (waterflood) operations, saltwater disposal and royalty interests. The company operates through onshore upstream assets and a U.S. subsidiary that manages working and net revenue interests across producing and shut-in wells, development acreage and appraisal-based reserve programs. Its operations and sales are concentrated in the Permian Basin region of West Texas and southeastern New Mexico, marketed via pipeline and third-party purchasers.
Summary from filing dated 2025-01-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|
| Oil and gas sales | 100,220 | 665,623 | 815,391 | — | |
| Royalty income | 15,813 | 23,204 | 63,068 | — | |
| Total revenues | 116,033 | 688,827 | 878,459 | 84,625 | |
| Lease operating expense | 196,428 | 879,471 | 829,194 | — | |
| General and administrative | 3 | 4 | 3 | 496,381 | |
| Depletion and depreciation | 82,215 | 154,834 | 105,503 | 60,479 | |
| Accretion on asset retirement obligations | 36,792 | 31,976 | 55,030 | 19,907 | |
| Loss on settlement of asset retirement obligations | — | 66,067 | — | — | |
| Loss on settlement of lease liability | 38,825 | — | — | — | |
| Write-off of property and equipment | 62,046 | — | — | — | |
| Total operating expenses | −3 | −5 | −4 | −1 | |
| Loss from operations | −3 | −4 | −3 | −1 | |
| Interest income | — | 108 | 5,895 | — | |
| Other income | 8,000 | 24,000 | 24,000 | — | |
| Foreign exchange gain (loss) | 133 | −3,671 | 7,429 | — | |
| Change in fair value of warrant liability | — | 22,570 | 178,509 | — | |
| Gain on settlement of warrant liability | — | 930 | — | — | |
| Interest and debt expense | −483,110 | −4,259 | — | — | |
| Loss on debt extinguishment | −495,051 | — | — | — | |
| Total other income (expense) | −970,028 | 39,678 | 193,047 | −13,506 | |
| Net loss and comprehensive loss | −4 | −4 | −3 | −1 | |
| Deemed dividend arising from warrant modification | — | −543,234 | — | — | |
| Net loss attributable to common stockholders | −4 | −4 | −3 | — | |
| Basic loss and comprehensive loss per common share | −7.23 | −8.81 | −7.04 | −1.84 | |
| Diluted loss and comprehensive loss per common share | −7.23 | −8.81 | −7.04 | — | |
| Weighted average number of common shares outstanding - Basic | 551,503 | 508,813 | 385,756 | — | |
| Weighted average number of common shares outstanding - Diluted | 551,503 | 508,813 | 385,756 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 | FY 2020 2020-09-30 |
|---|---|---|---|---|---|---|
| Cash | 2 | 82,736 | 3 | 25,806 | — | |
| Trade and other receivables (net of allowance: 2024 - $nil; 2023 - $nil) | 44,932 | 78,441 | 137,214 | 12,984 | — | |
| Prepaid expenses and deposits | 146,452 | 127,239 | 317,277 | 46,151 | — | |
| Total current assets | 2 | 288,416 | 4 | 84,941 | — | |
| Reclamation deposits | 75,000 | 145,000 | 145,000 | 144,847 | — | |
| Property and equipment, net of accumulated depletion and depreciation | 10 | 10 | 8 | 7 | — | |
| Right of use asset, net | — | 146,912 | 240,796 | 72,539 | — | |
| Total assets | 12 | 11 | 13 | 7 | — | |
| Trade and other payables | 4 | 3 | 2 | 402,979 | — | |
| Loans payable | 160,936 | 125,936 | — | — | — | |
| Convertible debentures | 1 | — | 38,291 | 78,500 | — | |
| Debt subscription proceeds | 2 | — | — | — | — | |
| Lease liability current portion | — | 77,069 | 104,224 | 51,963 | — | |
| Total current liabilities | 8 | 3 | 2 | 550,070 | — | |
| Asset retirement obligations | 392,977 | 260,167 | 236,412 | 552,594 | — | |
| Lease liability, less current portion | — | 81,456 | 140,682 | 26,986 | — | |
| Total liabilities | 8 | 4 | 2 | 1 | — | |
| Common stock, no par value per share; unlimited shares authorized, 551,503 shares* issued and outstanding as of September 30, 2024 and 2023. | 15 | 15 | 14 | 9 | — | |
| Additional paid-in capital | 5 | 5 | 5 | 2 | — | |
| Accumulated other comprehensive loss | −127,413 | −127,413 | −127,413 | −127,413 | — | |
| Accumulated deficit | −16 | −12 | −8 | −6 | — | |
| Total stockholders equity | 4 | 7 | 10 | 6 | 3 | |
| Total liabilities and stockholders equity | 12 | 11 | 13 | 7 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|
| Depletion and depreciation | 82,215 | 154,834 | 105,503 | 60,479 | |
| Foreign exchange loss (gain) | −133 | — | −7,168 | 87,747 | |
| Amortization of debt discount | 430,834 | — | — | — | |
| Share-based payments | — | 318 | 546,335 | 2,870 | |
| Gain on settlement of trade payables | −185,119 | — | — | — | |
| Trade and other receivables | 33,509 | 58,773 | −124,230 | 34,092 | |
| Prepaid expenses and deposits | −19,213 | 190,038 | −271,126 | −29,977 | |
| Trade and other payables | 778,989 | 1 | 584,216 | — | |
| Right of use asset and lease liability | −50,438 | 7,503 | −785 | — | |
| Net cash used in operating activities | −2 | −2 | −2 | −749,783 | |
| Capital expenditures on property | −3,227 | −1 | −2 | −265,717 | |
| Reclamation deposit redemption | 70,000 | — | — | — | |
| Net cash provided by (used in) investing activities | 66,773 | −1 | −2 | 857,527 | |
| Proceeds from debenture financing | 1 | — | — | — | |
| Proceeds from debt financing subscriptions received | 2 | — | — | — | |
| Proceeds from exercise of warrants | — | 781,953 | — | — | |
| Share issuance costs | — | −136,623 | −1 | — | |
| Convertible debenture repayment to related party | — | −38,291 | −34,709 | −79,000 | |
| Loan payable proceeds | 45,000 | — | — | — | |
| Loan repayment | −10,000 | −83,561 | −23,600 | — | |
| Net cash provided by financing activities | 4 | 523,478 | 7 | −87,455 | |
| Change in cash during the year | 1 | −3 | 3 | 20,289 | |
| Interest paid | 2,272 | 4,259 | 24,536 | 13,090 | |
| Taxes paid | — | — | — | — | |
| Share purchase warrants issued in connection with debt issuance | 431,666 | — | — | — | |
| Share purchase warrants issued in connection with exercise of warrants | — | 579,153 | — | — | |
| Trade and other payables related to property and equipment | — | 1 | 647,252 | 68,735 | |
| Equipment transferred in settlement with former CEO | 35,155 | — | — | — | |
| Loan payable issued for settlement | — | 209,497 | — | — | |
| Changes in estimates of asset retirement obligations | −96,018 | 7,934 | 371,212 | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro
Frequently asked questions
What is Permex Petroleum Corp's CIK number?
Permex Petroleum Corp's SEC CIK number is 0001922639 (1922639). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Permex Petroleum Corp's SEC filings?
All of Permex Petroleum Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.