Complete financial analysis of Permex Petroleum Corporation (OILCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Permex Petroleum Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Permex Petroleum Corporation (OILCF)
About Permex Petroleum Corporation
Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property that covers an area of 320 acres, as well as the Pittcock South property that covers an area of 498 acres located on the Eastern Shelf of the Midland Basin; Mary Bullard property that covers an area of 241 acres located in Stonewall County; and Windy Jones property, which covers an area of 40 acres. It also holds interests in the West Henshaw property, which covers an area of 1,880 acres located in Eddy County, New Mexico; Oxy Yates property that covers an area of 680 acres located in Eddy County; and Breedlove field includes an area of 7,741.67 acres in Martin Country, Texas. In addition, the company has royalty interests 73 wells and 5 permitted wells across 3,800 acres within the Permian Basin of West Texas and southeast New Mexico. Permex Petroleum Corporation was incorporated in 2017 and is headquartered in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 688.83K | 1.20M | 106.89K | 917.72K | 1.61M | 941.09K | 46.78K |
| Cost of Revenue | 1.03M | 1.28M | 198.64K | 822.44K | 1.05M | 688.47K | 40.86K |
| Gross Profit | -345.48K | -76.91K | -91.75K | 95.28K | 557.62K | 252.62K | 5.92K |
| Gross Profit Ratio | -50.15% | -6.40% | -85.84% | 10.38% | 34.70% | 26.84% | 12.66% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.54M | 3.82M | 559.22K | 547.59K | 1.02M | 2.38M | 0.00 |
| Selling & Marketing | 0.00 | 838.65K | 34.50K | 18.80K | 227.66K | 419.10K | 0.00 |
| SG&A | 3.54M | 3.82M | 593.71K | 566.38K | 1.25M | 2.80M | 164.49K |
| Other Expenses | 98.04K | 75.26K | 14.82K | 60.99K | 77.42K | -40.63K | 0.00 |
| Operating Expenses | 3.63M | 3.90M | 608.53K | 627.37K | 1.32M | 2.84M | 164.49K |
| Cost & Expenses | 4.67M | 5.18M | 807.17K | 1.45M | 2.37M | 3.53M | 205.34K |
| Interest Income | 108.00 | 8.06K | 0.00 | 0.00 | 1.40K | 0.00 | 0.00 |
| Interest Expense | 4.26K | 41.83K | 37.82K | 40.69K | 70.00K | 33.12K | 2.86K |
| Depreciation & Amortization | 154.83K | 271.69K | 148.59K | 133.91K | 169.02K | 85.09K | 5.22K |
| EBITDA | -3.78M | -3.16M | -1.18M | -414.80K | -672.01K | -2.54M | -152.94K |
| EBITDA Ratio | -548.88% | -315.58% | -516.30% | -45.20% | -41.82% | -269.49% | -327.80% |
| Operating Income | -3.98M | -3.97M | -723.28K | -487.72K | -763.61K | -2.59M | -158.56K |
| Operating Income Ratio | -577.74% | -330.15% | -676.65% | -53.14% | -47.52% | -275.51% | -338.96% |
| Total Other Income/Expenses | 39.68K | -560.68K | 317.26K | -1.20M | -393.58K | -33.12K | -2.46K |
| Income Before Tax | -3.94M | -3.71M | -1.59M | -1.69M | -1.16M | -2.63M | -161.02K |
| Income Before Tax Ratio | -571.98% | -309.02% | -1,485.58% | -184.01% | -72.02% | -279.03% | -344.22% |
| Income Tax Expense | 1.37M | -264.95K | 62.97K | 85.07K | -272.00K | 272.00K | -3.00 |
| Net Income | -3.94M | -3.47M | -1.58M | -1.69M | -885.18K | -2.90M | -161.02K |
| Net Income Ratio | -571.98% | -309.02% | -1,480.94% | -184.01% | -55.09% | -307.94% | -344.22% |
| EPS | -11.97 | -8.99 | -11.83 | -10.13 | -5.65 | -19.33 | -0.80 |
| EPS Diluted | -11.97 | -8.99 | -11.83 | -10.13 | -5.65 | -19.33 | -0.80 |
| Weighted Avg Shares Out | 508.81K | 385.75K | 169.74K | 166.77K | 156.59K | 149.89K | 200.30K |
| Weighted Avg Shares Out (Dil) | 508.81K | 385.75K | 169.74K | 166.77K | 156.59K | 149.89K | 200.30K |
Permex Petroleum Announces Appointment of New Directors
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC: OILCF) (FSE: 75P) ("Permex" or the "Company") is pleased to announce that the Company's Board of Directors (the "Board") has approved the appointment of Richard...
Permex Petroleum Announces Appointment of Mr. Brad Taillon, CEO, to the Board of Directors as Well as Additional Board Updates
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC: OILCF) (FSE: 75P) ("Permex" or the "Company") announces the appointment of Brad Taillon, CEO of Permex, to the Board of Directors (the "Board"), effective June...
Permex Petroleum Announces Partial Revocation Order Approval, Closing Additional Proceeds from Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company") announces that it has closed a second tranche (the "Second Tranche") of its previously announced non-brokered private placement...
Permex Petroleum Announces Application for Partial Revocation Order and Second Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC: OILCF) (FSE: 75P) ("Permex" or the "Company") announces that it has applied to the British Columbia Securities Commission (the "BCSC") for a partial revocation of...
Permex Petroleum Announces Appointment of New President and Chief Executive Officer
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC: OILCF) (FSE: 75P) ("Permex" or the "Company") announced today the appointment of Mr. Bradley Taillon by the Board of Directors as the new President and...
Permex Petroleum Announces Closing of Convertible Debenture Financing
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is pleased to announce that the Company has closed its previously announced private placement (the "Offering") of...
Permex Petroleum Provides Update Regarding Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is providing an update with respect to the management cease trade order ("MCTO") issued by the British...
Permex Petroleum Provides Clarification on Prior News Release Issued February 28, 2024 Announcing Convertible Debenture Financing
Dallas, Texas--(Newsfile Corp. - February 28, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is issuing this news release to clarify certain statements contained in its earlier news release issued today (the...
Permex Petroleum Announces Convertible Debenture Financing
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is pleased to announce that the Company intends to complete a private placement (the "Offering") of convertible...
Permex Petroleum Announces Convertible Debenture Financing
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2024) - Permex Petroleum Corporation (CSE: OIL) (OTC Pink: OILCF) (FSE: 75P) ("Permex" or the "Company") is pleased to announce that the Company intends to complete a private placement (the "Offering") of convertible...
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Category: Stock Reports