Past year: ▼ 9%(1.70 – 3.60 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 June 2026debt default or forbearance▼ BadMajor
Permex's secured debenture holders, acting through collateral agent Jeffrey Eberwein, accelerated the $4,276,389 of 10% convertible debentures in April 2026 after the company failed to pay by 2 November 2025, and on 15 June served notice of a foreclosure sale over its Martin County, Texas oil and gas leases, set for 7 July 2026 at the county courthouse in Stanton.
25 Feb 2026debt financing▼ BadMajor
Permex missed the 1 November 2025 maturity on the 2024 debentures, and the holders - through collateral agent Jeffrey Eberwein - demanded immediate repayment of $4.28 million plus 10% interest and warned they would take the secured assets. Chief executive Bradley Taillon had resigned six weeks earlier, chairman Richard Little took over on an interim basis, and the audited 2025 accounts went unfiled.
9 Sept 2025material agreement▼ BadMajor
Permex's 2024 and 2025 secured lenders agreed to rank equally against the same collateral, and the 2024 holders signed a waiver amending their debentures - the first sign on the record that those notes were already in difficulty. The same day the company announced a non-binding understanding with Chisos Ltd over up to $25 million of Permian development funding.
5 Sept 2025material agreement▲ GoodMajor
For $75,000 Permex bought a six-month option over more than 50 producing wells, gathering facilities and 20,000 net acres held by Navidad Petroleum and TMR Exploration, exercisable at $3 million with at least $1.75 million of it in cash - money the company had no evident way of finding.
22 Aug 2025joint venture update● Neutral
A non-binding letter of intent with Texas-based 360 Energy to look at putting gas-powered bitcoin mining units on Permex well sites, so gas that would otherwise be flared or stranded earns something. Speculative and not yet a contract, and announced while the company was two months from being served with a default notice.
17 July 2025capital raising announcement▼ BadMajor
A single investor put up $2 million for more 10% senior secured debentures, again charged over company assets, three and a half months before the 2024 debentures were due. Permex was borrowing fresh secured money while an earlier secured lender was still waiting to be repaid.
16 Jan 2025contract award▲ Good
Permex took over operating 19 Permian Basin wells for a private owner for a fee of up to $75,000 a month - income that ties up none of its own capital, which matters for a company that has very little.
7 Nov 2024capital raising announcement▼ BadMajor
Permex closed $4.28 million of 10% senior secured convertible debentures, but a third of that was not new money - just the April debentures rolled over - and the chief executive was among the subscribers. These are the notes due on 1 November 2025 that the company would fail to pay.
24 Sept 2024capital raising announcement▼ Bad
Nine days later the new raise was repriced: warrant strike cut from $4.90 to $1.91, conversion price from $4.08 to $1.91, and more than twice as many warrants per unit. Investors would not take the September terms.
13 Sept 2024capital raising announcement● NeutralMajor
Permex's shares resumed trading in Canada after the British Columbia regulator lifted a cease-trade order imposed in April for missing a year of financial statements. The company scrapped the February debenture raise and launched a replacement, this time paying 15%.
22 Apr 2024debt financing▼ BadMajor
Only $500,000 of the hoped-for $20 million was actually placed, as 10% senior secured debentures ranking ahead of all other debt and backed by a charge over company assets. The first time Permex pledged its assets to lenders.
29 Feb 2024capital raising announcement▼ BadMajor
Permex set out to raise up to $20 million in 10% convertible debentures. The terms say more than the headline: the debentures fall due in three months rather than a year unless Permex signs a merger or share-exchange agreement the holders find acceptable, so the lenders were in effect requiring the company to go and find a buyer.
11 July 2023capital raising announcement▼ Bad
The warrant incentive brought in only $782,000: barely a quarter of the eligible warrants, 273,410 of about a million, were exercised even at the reduced price.
23 May 2023capital raising announcement▼ Bad
Permex cut the exercise price on about a million existing warrants to $2.86 and offered a bonus five-year warrant to anyone who paid up within a month - a way of raising cash from holders it already had, at the cost of more dilution.
14 Nov 2022listing compliance notice▲ GoodMajor
the exchange certified Permex Petroleum Corp's securities for listing, clearing them to begin trading.
4 Nov 2022auditor change● NeutralMajor
Auditor Davidson & Company resigned with no disagreements reported and Marcum took over. The same filing disclosed a 1-for-60 share consolidation that turned 116 million shares into 1.9 million, ten days before a US exchange certified Permex's shares for listing, and the start of drilling on the Eoff PPC#3 well.
29 Sept 2022drilling progress report▲ GoodMajor
Drilling began on the Breedlove prospect in Martin County five weeks after the state permit came through - the first well Permex drilled itself rather than re-entering someone else's.
31 Aug 2022production update▲ Good
Five re-entered wells in Eddy County, New Mexico and Martin County, Texas came back on at a combined 50 barrels of oil equivalent a day and settled at 35, lifting company-wide output to 71 boe/d. That figure is the honest measure of scale: Permex is a very small producer.
18 Aug 2022drilling progress report▲ Good
The Texas Railroad Commission approved Permex's permit to drill to 11,100 feet on its Martin County acreage, clearing the way for the company's first well of its own on the Breedlove field.
