OILCF Permex Petroleum Corporation (PK)

 

 

	SEC FILE NUMBER
	001-41558
	CUSIP NUMBER
	71422P204

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

Commission file number

 

(Check one):		☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-SAR
		☐ Form N-CSR

 

For Period Ended: September 30, 2024

 

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

☐ Transition Report on Form N-SAR

 

For the Transition Period Ended: _____________________________________________

 

Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

PART I — REGISTRANT INFORMATION

 

Permex Petroleum Corporation

Full Name of Registrant

 

N/A

Former Name if Applicable

 

1700 Post Oak Boulevard, 2 Blvd Place Suite 600

Address of Principal Executive Office (Street and Number)

 

Houston Texas, 77056

City, State and Zip Code

 

 

 

PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

	☒	(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
	☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
		(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III — NARRATIVE

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

Permex Petroleum Corporation (the “Company”) is unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the year ended September 30, 2024 (the “2024 Form 10-K”) within the prescribed time period because the Company required additional time to prepare and complete the audit of its annual financial statements for the year ended September 30, 2024 to be filed with the 2024 Form 10-K. The Company expects to file the 2024 Form 10-K within the 15-day extension period (the “Extension Period”) afforded by Rule 12b-25 under the Securities Exchange Act of 1934, as amended.

 

Forward-Looking Statement

 

This Form 12b-25 contains forward-looking statements within the meaning of applicable United States securities laws. These forward looking statements include: (i) statements regarding the Company’s expectation to file the 2024 Form 10-K within the Extension Period, and (ii) statements regarding the Company’s financial results for the year ended September 30, 2024. Forward-looking statements are based on management’s current expectations or beliefs about the Company’s future plans, expectations and objectives. These forward-looking statements are not historical facts and are subject to risks and uncertainties that could cause the actual results to differ materially from those projected in these forward-looking statements. These risks include, but are not limited to, adjustments resulting from the completion by the Company’s auditor of their review of the 2024 Form 10-K. Readers of this Form 12b-25 are cautioned not to place undue reliance on forward-looking statements contained herein, which speak only as of the date of this Form 12b-25.

 

(Attach extra Sheets if Needed)

 

SEC 1344 (05-06)

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

PART IV — OTHER INFORMATION

 

(1)	Name and telephone number of person to contact in regard to this notification

 

Bradley Taillon		346		245-8981
(Name)		(Area Code)		(Telephone Number)

 

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
	Yes ☒ No ☐
(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
	Yes ☒ No ☐
	If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
	See Exhibit A attached to this Form 12b-25.

 

 

Permex Petroleum Corporation.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date	December 30, 2024		By	/s/ Bradley Taillon
				Bradley Taillon
				President and Chief Executive Officer

 

 

 

Exhibit A

To

Form 12b-25

Part IV, Item (3)

 

Based on information that is available at this time, the Company’s total revenues for the year ended September 30, 2024 is expected to be approximately $116,033 compared to total revenues of $688,827 for the year ended September 30, 2023, and the Company’s total operating expenses and loss from operations are expected to be approximately $3,034,410 and $3,989,276, respectively, for the year ended September 30, 2024, compared to total operating expenses and loss from operations of $4,668,466 and $3,939,961, respectively, for the year ended September 30, 2023. The Company’s net loss attributable to stockholders is expected to be $3,989,276 for the year ended September 30, 2024 compared to a net loss attributable to common stockholders of $4,483,195 for the year ended September 30, 2023. The Company cautions that the estimation of total revenues, total operating expenses, loss from operations and net loss attributable to common stockholders for the year ended September 30, 2024 are preliminary and subject to change, possibly materially, following the completion and review of the Company’s financial statements.

 

 

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