REVENUE

3 Months Ended

12 Months Ended

Dec. 31, 2024

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE

3. REVENUE

Revenue from contracts with customers is presented in “Oil and gas sales” on the Consolidated Statements of Operations.

As of December 31, 2024 and September 30, 2024, receivables from contracts with customers, included in trade and other receivables, were $45,420 and $26,873, respectively.

The following tables present our revenue from contracts with customers disaggregated by product type and geographic areas.

Three months ended December 31, 2024	Texas		New Mexico		Total
Crude oil	$	123,215	$	-	$	123,215
Natural gas		-		-		-
Revenue from contracts with customers	$	123,215	$	-	$	123,215

Three months ended December 31, 2023	Texas		New Mexico		Total
Crude oil	$	29,624	$	18,027	$	47,651
Natural gas		-		-		-
Revenue from contracts with customers	$	29,624	$	18,027	$	47,651

3. REVENUE

Revenue from contracts with customers is presented in “Oil and gas sales” on the Consolidated Statement of Operations.

As of September 30, 2024 and 2023, receivables from contracts with customers, included in trade and other receivables, were $26,873 and $48,165, respectively.

The following tables present our revenue from contracts with customers disaggregated by product type and geographic area.

Year ended September 30, 2024	Texas		New Mexico		Total
Crude oil	$	64,611	$	35,609	$	100,220
Natural gas		-		-		-
Revenue from contracts with customers	$	64,611	$	35,609	$	100,220

Year ended September 30, 2023	Texas		New Mexico		Total
Crude oil	$	501,920	$	154,700	$	656,620
Natural gas		9,003		-		9,003
Revenue from contracts with customers	$	510,923	$	154,700	$	665,623

PERMEX PETROLEUM CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

YEARS ENDED SEPTEMBER 30, 2024 AND 2023