Permex Petroleum Corp 2024年度报告

FORM 10-K (Mark One)☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended September 30, 2024 or ☐TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _________________ to _______________________ Commission file number: 001-41558 PERMEX PETROLEUM CORPORATION (Exact name of registrant as specified in its charter) British Columbia, Canada98-1384682(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 1700 Post Oak Boulevard, 2 Blvd Place Suite 600Houston Texas, 77056(Address of principal executive offices) Registrant’s telephone number, including area code: (346) 245-8981 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act:None(Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct: YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of theSecurities Exchange Act: YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: YesNo Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, ifany, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T duringthe preceding 12 months (or for such shorter period that the registrant was required to submit and post such files):YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smallerreporting company” in Rule 12b-2 of the Exchange Act: Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting company Emerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment ofthe effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act): YesNo The aggregate market value of common shares held by non-affiliates of the registrant as of March 28, 2024 wasapproximately $1,774,686. The number of outstanding shares of the registrant’s common shares as of January 14, 2025 was 551,503. DOCUMENTS INCORPORATED BY REFERENCE None PERMEX PETROLEUM CORPORATIONFORM 10-K TABLE OF CONTENTS Item 1Business6Item 1ARisk Factors18Item 1BUnresolved Staff Comments35Item 2Properties35Item 3Legal Proceedings35Item 4Mine Safety Disclosures35 Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchasesof Equity Securities36Item 6Selected Financial Data36Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations37Item 7AQuantitative and Qualitative Disclosures about Market Risk42Item 8Financial Statements and Supplementary DataF-1Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure43Item 9AControls and Procedures43Item 9BOther Information43 Item 10Directors, Executive Officers and Corporate Governance44Item 11Executive Compensation47Item 12Security Ownership of Certain Beneficial Ownersand Management and Related StockholderMatters51Item 13Certain Relationships and Related Transactions, and Director Independence53Item 14Principal Accounting Fees and Services54Item 15Exhibits, Financial Statement Schedules55 PERMEX PETROLEUM CORPORATIONFORM 10-K As used in this Annual Report on Form 10-K, references to “Permex,” “the Company,” “we,” “us” and “our” are toPermex