Permex Petroleum Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Richard H. Little
- Full Time Employees
- 1
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Park Place Vancouver BC Canada V6C 2X8
- IPO Date
- Sep 20, 2018
- CIK
- 0001922639
- Website
- permexpetroleum.com
- Similar Companies
- Business
- Permex Petroleum Corporation (Ticker: OILCF) engages in the acquisition, exploration, and development of petroleum and natural gas properties primarily in the Permian Basin of West Texas and New Mexico. The company offers core products and services including crude oil production from vertical and horizontal wells; natural gas and natural gas liquids extraction; drilling operations utilizing advanced completion techniques such as multi-stage fracturing; and land management services encompassing lease acquisition and geophysical analysis. Its asset portfolio features key properties like the Roger Mills project in Oklahoma and multiple leaseholds in the Northwest and Central Basin Platform areas of the Permian Basin, targeting conventional and unconventional reservoirs for oil-weighted hydrocarbons. Founded in 2013 and headquartered in Houston, Texas, Permex operates exclusively in the United States with a focus on independent producers and institutional investors in the upstream energy sector. In recent developments, Permex completed a strategic acquisition of additional working interests in its existing Permian Basin properties in late 2024, expanding its net acreage by approximately 20% and boosting daily production rates. The company also announced a private placement financing round in early 2025, raising funds to support horizontal drilling programs and infrastructure enhancements in the Roger Mills area. These initiatives reflect Permex's shift toward aggressive resource development amid favorable commodity prices, with no reported name changes or major reorganizations in the past two years.
Permex Petroleum (OTCMKTS:OILCF) Trading Down 0.1% – What’s Next?
Permex Petroleum (OTCMKTS:OILCF) Trading 175.2% Higher – Here’s Why
Permex Petroleum Announces Appointment of New Directors
Permex Petroleum Announces Appointment of Mr. Brad Taillon, CEO, to the Board of Directors as Well as Additional Board Updates
Permex Petroleum Announces Partial Revocation Order Approval, Closing Additional Proceeds from Private Placement
Permex Petroleum Announces Application for Partial Revocation Order and Second Tranche of Private Placement
Permex Petroleum Announces Appointment of New President and Chief Executive Officer
Permex Petroleum Announces Closing of Convertible Debenture Financing
Permex Petroleum Provides Update Regarding Management Cease Trade Order
Permex Petroleum Provides Clarification on Prior News Release Issued February 28, 2024 Announcing Convertible Debenture Financing
Permex Petroleum Announces Convertible Debenture Financing
Permex Petroleum Announces Convertible Debenture Financing
Permex Petroleum Provides Update Regarding Management Cease Trade Order
Permex Petroleum Announces Filing of Application for Management Cease Trade Order
Permex Petroleum Corporation to Consolidate its Common Shares
Permex Petroleum Announces Close of Warrant Exercise Incentive Program
Permex Petroleum Corporation Appoints J.P. Bryan and Jay Lendrum to its Board of Directors
Permex Petroleum Corporation Announces Grant of Stock Options
Permex Petroleum Corporation Executes Definitive Agreement to Acquire Transformational 7,800-Acre Oil & Gas Asset in the Core of Permian Basin of West Texas
Permex Petroleum Corporation Signs Transformational LOI to Acquire a 7,800-Acre Oil & Gas Asset in the Permian Basin of West Texas