Permex Petroleum Corporation (C:OIL)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 2911 Turtle Creek Blvd, Suite 925 DALLAS TX 75219 |
| Tel: | N/A |
| Website: | https://www.permexpetroleum.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Permex Petroleum Corporation is a junior oil and gas company. The Company is engaged in the acquisition, exploration, development and production of oil and gas properties in the United States. The Company has assets and operations in the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Breedlove B Clearfork properties are situated in Martin County, Texas. The Pittcock Leases are situated in Stonewall County. Stonewall County is in Northwest Texas, in the central part of the North Central Plains and consists of the Pittcock North property, the Pittcock South property and the Windy Jones Property. The Mary Bullard Property is located in Stonewall County. The West Henshaw Property is located in Eddy County, New Mexico, 12 miles northeast of Loco Hills in the Delaware basin. The Oxy Yates Property is located in Eddy County. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, which owns and operates on private, state and federal land. |
| Financial Overview |
| For the nine months ended 30 June 2023, Permex Petroleum Corp revenues decreased 10% to $560K. Net loss applicable to common stockholders increased from $1.8M to $3.9M. Revenues reflect Oil and gas sales decrease of 6% to $541K, Royalty income decrease of 62% to $18K. Higher net loss reflects General and administrative increase of 46% to $3M (expense), Change in fair value of warrant liabilit decrease of 85% to $23K (income). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $1.11M as of Jun 30, 2023 |
| EBITDA (TTM): | -$5.75M as of Jun 30, 2023 |
| Net annual income (TTM): | -$6.54M as of Jun 30, 2023 |
| Free cash flow (TTM): | -$7.67M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 551,504 as of Oct 23, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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