Permex Petroleum Corp Files S-1/A with Financial Updates

TL;DR

Permex Petroleum Corp dropped its S-1/A on Jan 22, 2025, showing updated financials for FY24. Check it out.

AI Summary

Permex Petroleum Corp filed an S-1/A on January 22, 2025, detailing its financial position for the fiscal year ending September 30, 2024. The filing includes balance sheet information such as Share Capital, Additional Paid-In Capital, Accumulated Other Comprehensive Income, and Retained Earnings for the periods ending September 30, 2022, 2023, and 2024.

Why It Matters

This filing provides investors and stakeholders with updated financial data for Permex Petroleum Corp, crucial for evaluating the company's performance and investment potential.

Risk Assessment

Risk Level: medium — S-1/A filings are typically for companies going public or making significant changes, indicating potential volatility and risk.

Key Numbers

• 2024-09-30 — Fiscal Year End (Latest reported fiscal year end)
• 2023-09-30 — Previous Fiscal Year End (Prior fiscal year end for comparison)
• 2022-09-30 — Prior Year End (Fiscal year end from two years prior)

Key Players & Entities

• Permex Petroleum Corp (company) — Filer of the S-1/A
• 20250122 (date) — Filing date of the S-1/A
• 0930 (date) — Fiscal year end
• 2911 TURTLE CREEK BLVD (address) — Company business and mailing address
• DALLAS (location) — Company city
• TX (location) — Company state
• 75219 (zip_code) — Company zip code
• (604) 259-2525 (phone_number) — Company business phone

FAQ

Key Financial Figures

• $0.01 — ne Common Share at an exercise price of $0.01 per share (each a "Pre-funded Warrant")
• $1.00 — dollar/U.S. dollar exchange rate of CAD$1.00 to $ which was the noon buying rate of
• $228.856 m — plus probable reserves is estimated at $228.856 million, or $414.97 per outstanding share
• $414.97 — es is estimated at $228.856 million, or $414.97 per outstanding share (basis). In parti
• $36.137 million — were 1,885 MBoe and had a PV10 value of $36.137 million; Our total probable reserves were 14,
• $192.719 million — ere 14,879 MBoe and had a PV10 value of $192.719 million; and Our total proved and probable re
• $228.256 million — es were 16,764 MBoe and a PV10 value of $228.256 million. The following is a summary of our ne

Filing Documents

• forms-1a.htm (S-1/A) — 2462KB
• ex3-4.htm (EX-3.4) — 7KB
• ex23-1.htm (EX-23.1) — 3KB
• ex23-4.htm (EX-23.4) — 7KB
• forms-1_001.jpg (GRAPHIC) — 5KB
• forms-1_002.jpg (GRAPHIC) — 437KB
• forms-1_003.jpg (GRAPHIC) — 42KB
• fin_001.jpg (GRAPHIC) — 10KB
• 0001493152-25-003126.txt ( ) — 9830KB
• oilcf-20240930.xsd (EX-101.SCH) — 56KB
• oilcf-20240930_cal.xml (EX-101.CAL) — 74KB
• oilcf-20240930_def.xml (EX-101.DEF) — 173KB
• oilcf-20240930_lab.xml (EX-101.LAB) — 454KB
• oilcf-20240930_pre.xml (EX-101.PRE) — 339KB
• forms-1a_htm.xml (XML) — 1178KB

Underwriting

Underwriting discounts and commissions (1) $ $ $ Proceeds to us, before expenses $ $ $ (1) Does not include a non-accountable expense allowance equal to 1% of the gross proceeds of this offering payable to the underwriters. The underwriters will receive compensation in addition to the discounts and commissions. We refer you to "Underwriting" beginning on page 93 of this prospectus for additional information regarding underwriting compensation. We have granted a 45-day option to the underwriters to purchase up to additional Common Shares, and/or up to Pre-funded Warrants and/or up to Warrants representing 15% of the Common Shares, Pre-funded Warrants and Warrants sold in the offering, solely to cover over-allotments, if any. The underwriters expect to deliver our securities to purchasers in the offering on or about , 2025. ThinkEquity The date of this prospectus is , 2025 -i- TABLE OF CONTENTS GLOSSARY OF TERMS 1 PROSPECTUS SUMMARY 4 RISK FACTORS 17 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 34 MARKET FOR OUR COMMON SHARES AND RELATED STOCKHOLDER MATTERS 35 USE OF PROCEEDS 35 DIVIDEND POLICY 36 CAPITALIZATION 36

DILUTION

DILUTION 37 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 39

BUSINESS

BUSINESS 46 MANAGEMENT 60 EXECUTIVE COMPENSATION 65 SECURITY 78 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 79 DESCRIPTION OF SHARE CAPITAL 80 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 84 TAX CONSIDERATIONS 84 CAUTIONARY 93

UNDERWRITING

UNDERWRITING 93 LEGAL MATTERS 100 EXPERTS 100 WHERE YOU CAN FIND ADDITIONAL INFORMATION 101 ABOUT THIS PROSPECTUS 101 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 We and the underwriters have not authorized anyone to provide any information or to make any representations other than those contained in or incorporated by reference in this prospectus or in any free writing prospectuses prepared by or on behalf of us or to which we have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in or incorporated by reference in this prospectus is accurate only as of its date regardless of the time of delivery of this prospectus or of any sale of securities . To the extent there is a conflict between the information contained in this prospectus, on the one hand, and the information contained in any document incorporated by reference filed with the U.S. Securities and Exchange Commission (the "SEC") before the date of this prospectus, on the other hand, you should rely on the information in this prospectus. If any statement in a document incorporated by reference is inconsistent with a statement in another document incorporated by reference having a later date, the statement in the document having the later date modifies or supersedes the earlier statement. Neither we nor the underwriters have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons who come into possession of this prospectus and any free writing prospectus in jurisdictions outside the United States are required to inform themselves about and to observe any restrictions as to thi

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