Company Overview

Permex Petroleum Corporation is an independent oil and gas company focused on the acquisition, development, and production of conventional petroleum resources. The company operates within the upstream energy industry, with activities centered on oil and natural gas exploration and production rather than midstream or downstream operations. Its revenue is primarily derived from the sale of crude oil and, to a lesser extent, natural gas produced from its operated properties.

The company’s core strategic positioning is as a small-cap operator targeting low-decline, conventional reservoirs where redevelopment and enhanced recovery techniques can be applied to existing fields. Permex Petroleum Corporation traces its origins to its earlier incarnation as a mining-focused entity before completing a strategic transformation into an oil and gas company through asset acquisitions in the Permian Basin. This transition marked a shift toward petroleum-focused operations and established its current business model centered on domestic energy production.

Business Operations

Permex Petroleum Corporation conducts its operations through a single primary business segment: Oil and Gas Exploration and Production. The company generates revenue by producing hydrocarbons from its working interests in oil and gas leases, with production volumes and realized commodity prices serving as the key revenue drivers. Operations are largely concentrated on redevelopment drilling, recompletions, and optimization of existing wells rather than high-risk exploratory drilling.

The company’s principal assets are located in the Permian Basin, where it controls operated working interests and associated infrastructure necessary for production. Permex does not currently report diversified international operations, and its activities are focused on domestic U.S. assets. Data regarding material joint ventures or large-scale strategic partnerships is limited in public disclosures; based on available filings, operations are primarily conducted through wholly owned subsidiaries, including Permex Petroleum U.S. Corporation, which holds the company’s operating assets.

Strategic Position & Investments

Permex Petroleum Corporation’s strategy emphasizes disciplined capital allocation, targeting assets with established production history and opportunities for incremental recovery. Growth initiatives are centered on selective acquisitions of producing properties, infill drilling, and redevelopment projects designed to increase production and reserves while managing operational risk. The company has publicly emphasized maintaining operational control of its assets as a means to manage costs and execution.

Major investments to date have largely involved the acquisition and development of Permian Basin properties. Public disclosures indicate no material diversification into renewable energy, midstream infrastructure, or emerging energy technologies. Information regarding additional portfolio companies or significant minority investments beyond its operating subsidiaries is limited, and available public sources do not indicate involvement in non-hydrocarbon sectors.

Geographic Footprint

Permex Petroleum Corporation’s operations are concentrated entirely within the United States, with a primary presence in Texas, specifically within the Permian Basin. The company’s headquarters and corporate management are based in North America, and it does not report operating assets or production outside the U.S.

The geographic footprint is intentionally narrow, reflecting a strategy focused on operational familiarity and cost control rather than global diversification. As of the most recent public disclosures, the company does not report international investments, foreign subsidiaries, or overseas exploration activities. Any expansion beyond its current regional focus has not been formally documented in publicly available filings.

Leadership & Governance

Permex Petroleum Corporation is led by an executive team with experience in energy operations, finance, and corporate restructuring. Governance is overseen by a board of directors responsible for strategic direction, capital allocation, and compliance with public company obligations. Leadership communications emphasize operational discipline, asset-focused growth, and shareholder value creation.

Key executives include:

• David E. Holden – President and Chief Executive Officer
• Gregory W. Hull – Chief Financial Officer
• Peter A. Wengryn – Chief Operating Officer
• Ben R. Kluver – Chairman of the Board

The company’s leadership philosophy, as reflected in public filings and investor communications, centers on prudent development of conventional assets, maintaining liquidity, and scaling operations in alignment with commodity price conditions. Where executive roles or responsibilities vary across disclosures, data is inconclusive based on available public sources.