OILCF Permex Petroleum Corporation (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): December 23, 2024

 

Permex Petroleum Corporation

(Exact name of registrant as specified in its charter)

 

British Columbia, Canada		001-41558		98-1384682
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

1700 Post Oak Blvd, 2 Blvd Place, Suite 600 Houston,Texas		77056
(Address of principal executive offices)		(Zip Code)

 

(346) 245-8981

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On December 23, 2024, the Board of Directors (the “Board”) of Permex Petroleum Corporation (the “Company”) appointed BaShara (Bo) Crystelle Boyd to serve as a director on the Board until the Company’s next annual meeting of stockholders. Ms. Boyd is expected to be selected to serve on the Company’s Audit Committee.

 

The appointment of Ms. Boyd to the Board was not made pursuant to any arrangement or understanding with any other person.

 

There have been no transactions since the beginning of the Company’s last fiscal year and there are currently no proposed transactions to which the Company is a party, or intended to be a party, in which Ms. Boyd has, or will have, a material interest subject to disclosure under Item 404(a) of Regulation S-K.

 

Ms. Boyd will be eligible to receive equity awards under the Company’s Long Term Incentive Plan.

 

On December 30, 2024, the Company issued a press release announcing the appointment of Ms. Boyd to the Board. A copy of such press release is attached hereto as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits

 

(d)

Exhibits.

 

Exhibit No.		Description
99.1		Press release dated December 30, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	Permex Petroleum Corporation
December 30, 2024	By:	/s/ Bradley Taillon
		Bradley Taillon
		Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

 

PERMEX APPOINTS RICHARD LITTLE AS CHAIRMAN,

ADDS BO BOYD TO THE BOARD OF DIRECTORS

 

Vancouver, British Columbia – December 30, 2024 – Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) (“Permex” or the “Company”) is pleased to announce that the Company’s Board of Directors (the “Board”) has approved the appointment of BaShara (Bo) Crystelle Boyd to serve on the Board effective December 23rd, 2024. In addition, the Company has confirmed Richard Little as Non-Executive Chairman of the Board.

 

“Permex is very fortunate to have Richard leading our Board of Directors. His experience as the Chief Executive of both private and public oil and gas exploration companies is very valuable to our organization and to myself as Permex’s CEO,” said Brad Taillon, Permex’s President and Chief Executive. “His first hand experience of our Company’s specific assets in the Midland Basin is a big advantage and he is very familiar with the strategic opportunities that lay ahead of Permex as he has gone down similar roads before.”

 

Mr. Little is the current CEO of private operator, Fury Resources. Before Fury Resources, Mr. Little was the CEO of public operator Battalion Oil Company (NYSE: BATL). He possesses more than a quarter century of industry experience, and has led successful ventures, including a $1.24B asset sale at Ajax Resources, LLC. His career journey spans roles such as VP of EP Energy’s Southern Division and leadership positions at El Paso Exploration and Production. Mr. Little holds a Petroleum Engineering degree from Texas A&M, is a licensed engineer (inactive), and is engaged with industry organizations like SPE, API, and IPAA.

 

Ms. Boyd is a partner at Walker Eisenbraun, LLC., a corporate law firm located in Houston, Texas. Her practice covers an array of complex corporate, transactional, and governance matters, predominantly for clients in the energy sector. Ms. Boyd brings to the Board over twenty-five years of legal experience, having also worked as a corporate and securities lawyer at a national law firm, and as general counsel, senior vice president, and corporate secretary of the then largest publicly traded, independent oil and gas producer in the Gulf of Mexico, where she had sole responsibility for managing all of the company’s legal affairs.

 

Richard Little, Permex’s Chairman stated, “We are excited to welcome Bo to our Board of Directors. We are looking forward to working together as I believe her experience and expertise compliments the rest of the Board’s skill set very well. I feel like we are now well positioned to help Permex evolve through its next phase of strategic growth.”

 

“We are extremely pleased to have Bo join the team here at Permex. Her expertise in corporate securities and as in-house counsel for large public oil and gas operators are invaluable assets for Permex,” stated Brad Taillon, President and CEO. “Ms. Boyd is an industry veteran that has an immensely valuable skill set and perspective that will certainly contribute notably to the strategic direction of Permex Petroleum as we prepare Permex for an exciting year in 2025 and beyond.”

 

 

About Permex Petroleum Corporation

 

Permex Petroleum (CSE: OIL) (FSE: 75P) is a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin. The Company focuses on combining its low-cost development of Held by Production assets for sustainable growth with its current and future Blue-Sky projects for scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, is a licensed operator in both states, and owns and operates on private, state and federal land. For more information, please visit www.permexpetroleum.com.

 

Contact Information

 

Permex Petroleum Corporation

 

Brad Taillon

President & Chief Executive Officer

(346) 245-8981

 

Renmark Financial Communications USA Inc.

 

Henri Perron, CPIR:

Tel.: (416) 644-2020 or (212)-812-7680

www.renmarkfinancial.com

 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-Looking Statements

 

This press release contains “forward-looking information” and “forward looking statements” within the meaning of applicable securities laws in Canada and the United States and it is intended that this press release is to be covered by the safe harbors created by those laws. “Forward-looking information” and “forward looking statements” each include statements that use forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information and forward looking statements each include, without limitation, information regarding the Company’s strategic growth and prospects in 2025 and beyond. Neither forward-looking information nor forward looking statements are a guarantee of future performance and are each based upon a number of estimates and assumptions of management at the date the statements made. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or any forward-looking information that is included herein, except in accordance with applicable securities laws. We seek safe harbor.

 

 

v3.24.4

Cover	Dec. 23, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 23, 2024
Entity File Number	001-41558
Entity Registrant Name	Permex Petroleum Corporation
Entity Central Index Key	0001922639
Entity Tax Identification Number	98-1384682
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	1700 Post Oak Blvd
Entity Address, Address Line Two	2 Blvd Place
Entity Address, Address Line Three	Suite 600
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	(346)
Local Phone Number	245-8981
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false

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