Permex Petroleum Corporation

Permex Petroleum Corporation is an independent energy company that acquires, explores, develops, and produces oil and natural gas properties. Its operations are located on private, state, and federal land in the United States, primarily within the Permian Basin region of West Texas and Southeast New Mexico, encompassing the Midland and Delaware Basins, as well as the Central Basin Platform. The company focuses on acquiring producing assets at a discount, then increasing production and cash flow through recompletion, re-entries, secondary recovery methods, and reducing risk via infill drilling and development. Permex Petroleum Corporation owns and operates 97 oil and gas wells across more than 11,700 net acres, which includes 66 shut-in opportunities, 17 saltwater disposal wells, and two water supply wells that support waterflood secondary recovery. Additionally, the company holds royalty interests in 73 wells and five permitted wells across 3,800 acres within the Permian Basin. Incorporated on April 24, 2017, under the laws of British Columbia, Canada, the company had one wholly-owned subsidiary, Permex Petroleum US Corporation, incorporated under New Mexico law, as of September 30, 2024. Permex Petroleum Corporation owns and operates properties in Texas (Breedlove "B" Property, Pittcock North Property, Pittcock South Property, and Mary Bullard Property), while Permex Petroleum US Corporation owns and operates properties in New Mexico (Henshaw Property and the Oxy Yates Property).