Bullboard - Stock Discussion Forum Permex Petroleum Corp C.OIL

Alternate Symbol(s): OILCF

Energy Oil & Gas E&P

Permex Petroleum Corporation is a junior oil and gas company. The Company is engaged in the acquisition, exploration, development and production of oil and gas properties in the United States. It has assets and operations in the Permian Basin which includes the Midland Basin and Delaware Basin. The Breedlove B Clearfork properties are situated in Martin County, Texas. The Pittcock Leases are... see more

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Permex Petroleum Corp > From NT10-K

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Post by Bigshortie on Jan 10, 2023 4:37pm

From NT10-K

Ended Sept.22 Expects revenue ~$916k compared to $95k last year

Operating expenses/losses $4.06m/$3.16m vs $1.34m/$1.25m last year.

Excusing the late filing to do transition to GAAP rules and a new auditor.

Question for me is what the new well is producing for revenue and how much of that cost was absorbed in fy2022. Should have cash to spare with increased revenue.

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