Permex Petroleum Corporation OIL

OIL 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.