Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On April 22, 2026, the Company issued 1,759,000 shares of common stock at $3.00 per share to Mineral Resource Acquisition Corporation for a 25% working interest in three oil and natural gas wells in Louisiana. The issuance of such shares of common stock was not registered under the Securities Act of 1933, as amended, in reliance upon the exemption from the registration requirements of that Act provided by Section 4(a)(2) thereof. Mineral Resource Acquisition Corporation is a sophisticated investor with the experience and expertise to evaluate the merits and risks of an investment in the Company and the financial means to bear the risks of such an investment.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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