OILCF
Permex Petroleum Corporation1.7000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
937.55KP/E (TTM)
-Basic EPS (TTM)
-10.29Dividend Yield
0%Recent Filings
8-K
Default notice and CEO exit
Permex Petroleum faces default on its $4,276,389 secured convertible debentures after missing payments due November 2, 2025; holders demand immediate repayment or face collateral repossession by February 18, 2026. CEO Brad Taillon resigned January 12, 2026; Chairman Richard Little stepped in as interim CEO and CFO amid strategic review. Leadership shakeup hits during default crisis.
8-K
Equalizes debenture liens, MOU for $25M
Permex Petroleum signed a pari passu intercreditor agreement on September 3, 2025, equalizing liens between 2024 and 2025 10% senior secured convertible debenture holders while waiving a prior default on the 2024 notes. Lenders now share collateral equally. It also announced a non-binding MOU with Chisos Ltd. for up to $25M to develop Permian assets, contingent on definitive deals and matching funds.
8-K
Option for $3M gas assets
Permex Petroleum secured a 6-month option on August 31, 2025, to buy over 50 producing oil and gas wells plus 20,000 net mineral acres from Navidad Petroleum and TMR Exploration for $3 million, with at least $1.75 million cash after a $75,000 deposit. This bolsters gas output for Bitcoin mining synergy. Assets generate ~4 MW power. Seller break fees protect Permex.
8-K
LOI for gas-powered bitcoin mining
Permex Petroleum signed a non-binding LOI with 360 Energy on August 19, 2025, to deploy in-field bitcoin mining powered by flared or stranded natural gas at Permian Basin sites. The tech could yield ~$10 per Mcf realizations while curbing emissions. No binding deal yet. Forward-looking benefits unproven.
10-Q
Q3 FY2025 results
Permex Petroleum posted Q3 FY2025 revenue of $109,931, up sharply from $2,671 y/y, driven by $56,862 oil sales from Breedlove field restart and $49,767 operator fees from a Permian Basin deal; nine-month totals hit $532,618 versus $86,656 prior year. Yet operating loss narrowed to $407,330 from $661,659 y/y while net loss swung wider to $961,176 from $1,248,755, mainly due to $535,564 interest on expanded debt. Cash climbed to $2.1M, fueled by $2.6M financing inflows against $1.8M operating burn; free cash flow not disclosed in the 10-Q. Convertible debentures totaled $3.6M net at quarter-end, with $2M more closed post-period. Secured debt poses foreclosure risk on default.
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