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                             July 8, 2022

       Mehran Ehsan
       Chief Executive Officer
       Permex Petroleum Corporation
       100 Crescent Court, Suite 700
       Dallas, TX 75201

                                                        Re: Permex Petroleum
Corporation
                                                            Registration
Statement on Form S-1
                                                            Filed June 28, 2022
                                                            File No. 333-265883

       Dear Mr. Ehsan:

              We have reviewed your registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form S-1 filed June 28, 2022

       Prospectus Summary
       Oil and Gas Properties, page 7

   1.                                                   Please modify your
presentation of the economic forecasts for proved and probable
                                                        reserves for the years
ended September 30, 2021 and 2020 to clarify whether the dollar
                                                        amounts shown are in
thousands of dollars. This comment also applies to the comparable
                                                        disclosure on pages 29
and 36.
   2.                                                   Please explain to us in
reasonable detail why there is a negative investment of $24,000 for
                                                        probable non-producing
reserves for the years ended September 30, 2021 and 2020.
 Mehran Ehsan
FirstName   LastNameMehran    Ehsan
Permex Petroleum    Corporation
Comapany
July 8, 2022NamePermex Petroleum Corporation
July 8,2 2022 Page 2
Page
FirstName LastName
Conversion of Undeveloped Acreage, page 9

3.       We note there appears to be a material increase in proved undeveloped
reserves that
         occurred during fiscal 2021. Please expand your disclosure to include
a discussion of the
         changes that occurred in the net quantities of your proved undeveloped
reserves to comply
         with Item 1203(b) of Regulation S-K.

         This discussion should clearly identify the source of each change
(e.g. revisions, improved
         recovery, extensions and discoveries, transfers to proved developed,
sales and
         acquisitions), and include an explanation relating to each of the
items you identify. If two
         or more unrelated factors are combined to arrive at the overall change
for an item, please
         separately identify and quantify each material factor so that the
change in net reserve
         quantities between periods is fully explained.

         The disclosure of revisions in previous estimates of your proved
undeveloped reserves in
         particular should identify the changes associated with individual
factors, such as changes
         caused by commodity prices, costs, royalty adjustments, well
performance, unsuccessful
         and/or uneconomic proved undeveloped locations, or the removal of
proved undeveloped
         locations due to changes in a previously adopted development plan.
This comment also
         applies to the comparable disclosure on pages 30 and 37.
4.       Expand your disclosure to clarify, if true, that the proved
undeveloped reserves as of
         September 30, 2021 are part of a development plan adopted by
management including
         approval by the Board, if approval is required, that results in
converting your proved
         undeveloped reserves to developed status within five years of initial
disclosure at
         September 30, 2021.

         For further clarification and guidance, please refer to Rule
4-10(a)(31)(ii) of Regulation S-
         X and the answer to Question 131.04 our the Compliance and Disclosure
Interpretations
         (   C&DIs   ) regarding Oil and Gas Rules. This comment also applies
to the comparable
         disclosure on pages 30 and 37.
5.       If there are material amounts of proved undeveloped reserves that are
not scheduled to be
         developed within five years from your initial disclosure of the
reserves, disclose the
         reasons for the extended period of time required for development to be
completed.

         For further clarification or guidance, please refer to Item 1203(d) of
Regulation S-K and
         the answer to Question 131.03 in our Compliance and Disclosure
Interpretations
         (   C&DIs   ) regarding Oil and Gas Rules. This comment also applies
to the comparable
         disclosure on pages 30 and 37.
Sales and Production, page 9

6.       Please expand your disclosure of production for each of the last three
fiscal years to
         provide the net production quantities and average sales price by
individual product type of
         oil/condensate and natural gas. Additionally, disclose the production
quantities by
 Mehran Ehsan
FirstName   LastNameMehran    Ehsan
Permex Petroleum    Corporation
Comapany
July 8, 2022NamePermex Petroleum Corporation
July 8,3 2022 Page 3
Page
FirstName LastName
         individual product type for each field that contains 15% of more of
your total proved
         reserves for each fiscal period to comply with Item 1204(a) of
Regulation S-K.

         You may refer to Item 1204(a) and (b)(1) of Regulation S-K, and the
definition of a field
         in Rule 4-10(a)(15) of Regulation S-X, if you require further
clarification or guidance.
         This comment also applies to the comparable disclosure on pages 30 and
38.
Risk Factors
General Risk Factors
We are an    emerging growth company    and will be able to avail ourselves...,
page 24

7.       We note that you are an emerging growth company and a smaller
reporting company.
         Please revise your risk factor to disclose that even if you no longer
qualify as an emerging
         growth company, you may still be subject to reduced reporting
requirements so long as
         you are a smaller reporting company.
Certain Relationships and Related Party Transactions , page 64

8.       Please revise to disclose any transaction since the beginning of the
registrant's last fiscal
         year, and for the periods required by Item 404(d)(1) and Instruction 1
to the Instructions to
         Item 404 of Regulation S-K. In this regard, for example, we note that
subsequent to March
         31, 2022, you entered into an amended employment agreement with your
CEO and an
         employment agreement with your CFO.
Part II Item 16. Exhibits and Financial Statement Schedules
Exhibit Number 99.1 and 99.2, page 75

9.       The reserve reports, filed as Exhibits 99.1 and 99.2, do not include
certain disclosures
         required by Item 1202(a)(8) of Regulation S-K. Please obtain and file
revised reports that
         in each case addresses the following issues.

                The reserve reports should clarify whether the estimates of
undeveloped reserves
              conform to a development plan and budget that were adopted by the
company and
              provided to the third party engineering firm for use in preparing
the forecasts of
              reserves, to comply with Item 1202(a)(8)(v) of Regulation S-K,
and the requirements
              in Rule 4-10(a)(26) and (31)(ii) of Regulation S-X.

                The reserve reports should include a discussion of the
(current) effects of regulation
              on the ability of the company to recover the estimated reserves
to comply with Item
              1202(a)(8)(vi) of Regulation S-K.

                The reserve reports should include a discussion of the inherent
uncertainties relating
              to estimates of both proved and probable reserves to comply with
Item
              1202(a)(8)(vii) of Regulation S-K.
 Mehran Ehsan
Permex Petroleum Corporation
July 8, 2022
Page 4
                The reserves reports should be revised to remove certain
information, such as Table 1
              in Cashflow Summaries, Table 11 in Tabular Summaries, and Table
12 in Gross
              Ultimates, Interests and Prices, that present an arithmetic
summation of proved and
              probable reserves information. Please refer to the answer to
Question 105.01 in our
              Compliance and Disclosure Interpretations (   C&DIs   ) regarding
Oil and Gas Rules.
Financial Statements
Report of Independent Registered Public Accounting Firm, page F-2

10.      We note that your auditor   s report, as well as your financial
statement notes, do not
         contain the going concern disclosures observed in your annual
financial report for the
         fiscal year ended September 30, 2021 and interim financial report for
the six months
         ended March 31, 2022 as filed on SEDAR. Please explain reasons for
absence of similar
         going concern disclosures in your Form S-1, and provide the
disclosures per ASC 205-40-
         50-12 as applicable.
11.      We note that the audit report per page F-2 is dated June 27, 2022
while the auditor's
         consent per Exhibit 23.1 refers to audit report dated June 28, 2022.
Please have your
         auditor correct the date inconsistency.
Financial Statements
Consolidated Statements of Loss and Comprehensive Loss, page F-4

12.      We note that you present, on this page and on page F-27, a non-labeled
line item
         reflecting subtotals of revenues minus direct operating expenses. If
you wish to present
         gross profit measures, please label the line item, revise to consider
all amounts applicable
         to cost of sales in accordance with GAAP, and comply with the guidance
in SAB Topic
         11:B.
         For example, measures of gross profit should reflect the allocable
portion of depletion and
         depreciation. Otherwise, please remove any incomplete or non-GAAP
measures from the
         Statements.
Note 4 - Non Current Assets, page F-15
Acquisition, page F-15

13.     We note, on this page and on page F-33, continued discrepancy in the
amounts disclosed
        for your September 2021 acquisition of working interest and net revenue
interest in the
        Breedlove    B    Clearfork leases, namely the disclosed purchase price
of $2 million is not
        equal to the sum of the 25 million common shares valued at $2.5 million
and the 12.5
FirstName LastNameMehran Ehsan
        million share purchase warrants valued at $1.2 million given as
purchase consideration.
Comapany     NamePermex
        We note   additionalPetroleum
                             disclosuresCorporation
                                         of the $2 million purchase price on
pages 28 and 38.
July 8, Please revise
        2022 Page   4 all your disclosures as appropriate to correct the
discrepancy.
FirstName LastName
 Mehran Ehsan
FirstName   LastNameMehran    Ehsan
Permex Petroleum    Corporation
Comapany
July 8, 2022NamePermex Petroleum Corporation
July 8,5 2022 Page 5
Page
FirstName LastName

Notes to the Consolidated Financial Statements
14. Supplemental Information on Oil and Gas Operations (Unaudited)
Proved Reserves,, page F-23

14.      We note your disclosure of proved reserves, the standardized measure
and changes
         therein, appears to be limited to proved developed reserves.

         Please revise your disclosures to present the information prescribed
by FASB ASC 932-
         235-50-4, 50-5, 50-31 and 50-35, to encompass both proved developed
and proved
         undeveloped reserves for the years ended September 30, 2020 and 2021.
Please refer to
         the examples in FASB ASC 932-235-55-2, 55-6, 55-7 in formulating your
disclosures.
Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil
and Gas
Reserves, page F-24

15.      We note disclosure on page F-25 indicating that future costs used in
calculating the
         standardized measure as of September 30, 2021 and 2020 include the
cost to abandon your
         proved properties. However, disclosure in the reserve reports filed as
Exhibits 99.1 and
         99.2 indicate these costs have not been included.

         Please address this apparent inconsistency as may pertain to
abandonment costs for both
         proved developed and proved undeveloped locations, and explain to us
your rationale for
         excluding any abandonment costs from your calculation of the
standardized measure.
Exhibits

16.      Please file your employment agreement with your CFO Gregory
Montgomery. See Item
         601(b)(10)(iii) of Regulation S-K.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

        You may contact Joseph Klinko, Staff Accountant, at (202) 551-3824 or
Lily Dang, Staff
Accountant, at (202) 551-3867 if you have questions regarding comments on the
financial
statements and related matters. You may contact John Hodgin, Petroleum
Engineer, at (202) 551-
3699 with questions regarding engineering comments. Please contact Cheryl
Brown, Staff
Attorney, at (202) 551-3905 or Kevin Dougherty, Staff Attorney, at (202)
551-3271 with any
other questions.
 Mehran Ehsan
Permex Petroleum Corporation
July 8, 2022
Page 6

                                            Sincerely,
FirstName LastNameMehran Ehsan
                                            Division of Corporation Finance
Comapany NamePermex Petroleum Corporation
                                            Office of Energy & Transportation
July 8, 2022 Page 6
cc:       Andrew Bond, Esq.
FirstName LastName