Permex Petroleum CEO Brad Taillon Resigns as Chairman Richard Little Becomes Interim Chief Executive

Permex Petroleum Corporation ( (TSE:OIL) ) has shared an announcement.

Permex Petroleum Corporation announced that President, CEO and Interim CFO Brad Taillon has resigned effective January 12, 2026, though he will remain involved to support a smooth leadership transition. Board Chairman Richard Little, an industry veteran with more than three decades of experience and a board member since October 2024, will assume the roles of Interim CEO and CFO as the company continues to evaluate strategic growth opportunities, signaling an effort to maintain operational continuity and stakeholder focus during the leadership change.

The most recent analyst rating on (TSE:OIL) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Permex Petroleum Corporation stock, see the TSE:OIL Stock Forecast page.

Spark’s Take on TSE:OIL Stock

According to Spark, TipRanks’ AI Analyst, TSE:OIL is a Neutral.

Permex Petroleum Corporation faces significant financial challenges, with declining revenue and profitability, increased leverage, and liquidity issues being the most impactful factors. Technical analysis provides mixed signals, and poor valuation metrics further weigh down the overall score.

To see Spark’s full report on TSE:OIL stock, click here.

More about Permex Petroleum Corporation

Permex Petroleum Corporation is a junior oil and gas company with assets and operations across the Permian Basin. The company focuses on low-cost development of Held by Production assets for sustainable growth alongside current and future Blue-Sky projects to drive scale, and operates through its wholly owned U.S. subsidiary as a licensed operator on private, state and federal lands.

Average Trading Volume: 1,086

Technical Sentiment Signal: Buy

Current Market Cap: C$2.67M

See more data about OIL stock on TipRanks’ Stock Analysis page.