공시 • Jan 16
Permex Petroleum Corporation Auditor Raises 'Going Concern' Doubt Permex Petroleum Corporation filed its 10-K on Jan 14, 2025 for the period ending Sep 30, 2024. In this report its auditor, Marcum LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 공시 • Jan 01
Permex Petroleum Corporation Announces Board Appointments Permex Petroleum Corporation announced that the Company's Board of Directors (the 'Board') has approved the appointment of BaShara (Bo) Crystelle Boyd to serve on the Board effective December 23rd, 2024. In addition, the Company has confirmed Richard Little as Non-Executive Chairman of the Board. Mr. Little is the current CEO of private operator, Fury Resources. Before Fury Resources, Mr. Little was the CEO of public operator Battalion Oil Company. He possesses more than a quarter century of industry experience, and has led successful ventures, including a $1.24 billion asset sale at Ajax Resources, LLC. His career journey spans roles such as VP of EP Energy's Southern Division and leadership positions at El Paso Exploration and Production. Mr. Little holds a Petroleum Engineering degree from Texas AM, is a licensed engineer (inactive), and is engaged with industry organizations like SPE, API, and IPAA. Ms. Boyd is a partner at Walker Eisenbraun, LLC., a corporate law firm located in Houston, Texas. Her practice covers an array of complex corporate, transactional, and governance matters, predominantly for clients in the energy sector. Ms. Boyd brings to the Board over twenty-five years of legal experience, having also worked as a corporate and securities lawyer at a national law firm, and as general counsel, senior vice president, and corporate secretary of the then largest publicly traded, independent oil and gas producer in the Gulf of Mexico, where she had sole responsibility for managing all of the company's legal affairs. 공시 • Dec 31
Permex Petroleum Corporation announced delayed annual 10-K filing On 12/30/2024, Permex Petroleum Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공시 • Sep 27
Permex Petroleum Corporation announced delayed 10-Q filing On 09/26/2024, Permex Petroleum Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Sep 09
Permex Petroleum Corporation, Annual General Meeting, Nov 04, 2024 Permex Petroleum Corporation, Annual General Meeting, Nov 04, 2024. 공시 • Aug 16
Permex Petroleum Corporation announced delayed 10-Q filing On 08/15/2024, Permex Petroleum Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 17
Permex Petroleum Corporation announced that it has received $0.5 million in funding On April 16, 2024, Permex Petroleum Corporation, closed the transaction. The company issued 500 units at a price of $1,000 per unit for the gross proceeds of $500,000 in the transaction. Each Unit will consist of one convertible debenture in the principal amount of $1,000 and one common share purchase warrant. All securities issued in the Offering are subject to resale restrictions imposed by applicable laws or regulation, including a statutory hold period expiring four months and one day from the date of closing of the offering. 공시 • Feb 29
Permex Petroleum Corporation announced that it expects to receive $20 million in funding Permex Petroleum Corporation announced a private placement of convertible debenture units for gross proceeds of up to $20,000,000 on February 28, 2024. Each Unit will consist of one convertible debenture in the principal amount of $1,000 and one common share purchase warrant. Each Warrant will be exercisable for a period of 24 months from the date of issuance for one common share of the company at an exercise price equal to 120% of the market price of the shares on the Canadian Securities Exchange at the time of issuance of the Units. The Debentures will mature on the earlier of one-year from the date of issuance or three-months from the date of issuance if the company does not enter into a securities exchange, unit purchase or merger agreement with a third party to the reasonable satisfaction of a majority of the holders of Debentures. The Debentures will bear simple interest at a rate of 10%, payable on the Maturity Date or the date on which all or any portion of the Debenture is repaid. Interest will be paid in cash or shares based on a conversion price of $3.41, subject to Exchange approval. At any time during the term, a holder of Debentures may elect to convert the outstanding principal and any accrued and unpaid interest thereon into shares at the conversion price. All securities issued pursuant to the Offering and underlying securities will be subject to a four-month hold period from the date of issuance pursuant to applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada. The units being offered in the Offering will be offered only to persons who either qualify as an accredited investor as defined in Rule 501(a) of Regulation D under the United States Securities Act of 1933, as amended. 공시 • Sep 15
Permex Petroleum Corp Announces Resignation of Scott Kelly as Director Permex Petroleum Corp. announced resignation of Scott Kelly as Director. 공시 • Aug 17
Permex Petroleum Corporation announced delayed 10-Q filing On 08/15/2023, Permex Petroleum Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Jul 18
Permex Petroleum Corporation announced that it has received $0.754013 million in funding On July 17, 2023, Permex Petroleum Corporation closed the transaction. The transaction included participation from 11 investors. 공시 • May 16
Permex Petroleum Corporation announced delayed 10-Q filing On 05/15/2023, Permex Petroleum Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Feb 15
Permex Petroleum Corporation announced delayed 10-Q filing On 02/14/2023, Permex Petroleum Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Breakeven Date Change • Nov 16
Forecast to breakeven in 2023 The 2 analysts covering Permex Petroleum expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$869.9k in 2023. Average annual earnings growth of 170% is required to achieve expected profit on schedule. Reported Earnings • Aug 31
Third quarter 2022 earnings released Third quarter 2022 results: Net loss: US$761.3k (loss widened 297% from 3Q 2021). Over the next year, revenue is forecast to grow 1,218%, compared to a 41% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Jun 02
Second quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0.006 loss in 2Q 2021) Second quarter 2022 results: CA$0.003 loss per share (up from CA$0.006 loss in 2Q 2021). Net loss: CA$189.4k (loss narrowed 25% from 2Q 2021). Board Change • May 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jay Lendrum was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: CA$0.02 loss per share (down from CA$0.004 loss in 1Q 2021). Net loss: CA$1.04m (loss widened CA$872.7k from 1Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.04 loss per share (up from CA$0.042 loss in FY 2020). Net loss: CA$1.59m (loss narrowed 6.0% from FY 2020). Revenue was in line with analyst estimates.