Permex Petroleum Corp OILCF
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Last Updated: Jul 01, 12:00 AM·OOTC
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OILCF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Permex Petroleum Corp is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Permex Petroleum Corp. Stock Analysis OILCF
United States Energy Nano Cap Permex Petroleum Corp. is an independent energy company, which engages in the acquisition, exploration, development, and production of oil and natural gas properties on private, state, and federal land in the United States, primarily in the Permian Basin region of West Texas and Southeast New Mexico which includes the Midland, Central, and Delaware Basin. The company is headquartered in Dallas, Texas. The company went IPO on 2018-05-15. The firm is engaged in the acquisition, exploration, development and production of oil and gas properties in the United States. The company has assets and operations in the Permian Basin, which includes the Midland Basin and Delaware Basin. The Breedlove B Clearfork Leases are situated in Martin County, Texas. The Pittcock Leases are situated in Stonewall County in Northwest Texas, located in the central part of the North Central Plains and consists of the Pittcock North property, the Pittcock South property and the Windy Jones Property. The Mary Bullard Property is located in Stonewall County. The West Henshaw Property is located in Eddy County, New Mexico, 12 miles northeast of Loco Hills in the Delaware basin. The Oxy Yates Property is located in Eddy County. The company holds royalty interests in 73 producing oil and gas wells and five permitted wells across 3,800 acres the Permian Basin.
Permex Petroleum Corp (OILCF) Chart
Financial Metrics & Statements of Permex Petroleum Corp (OILCF)
FAQ's for Permex Petroleum Corp (OILCF)
- As of August 2026, Permex Petroleum Corp OILCF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Permex Petroleum Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Permex Petroleum Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Permex Petroleum Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Permex Petroleum Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Permex Petroleum Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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