Circle Energy CRCE · USD

Circle Energy, Inc. is a Nevada corporation formed on December 7, 2021. We are an exploration-stage oil and natural gas company focused on acquiring and developing oil and natural gas properties in the Permian Basin region of Texas.

Although the Company has not yet commenced drilling operations or established proved reserves, it is actively engaged in the business of oil and natural gas exploration and development. The Company owns a controlling working interest in leasehold acreage, is subject to drilling obligations under its farmout agreement, and is conducting ongoing geological review, land evaluation, acquisition analysis, and capital formation activities directed toward drilling and development. Management is devoting substantial time and resources toward advancing these objectives. The Company’s activities are consistent with those of an exploration-stage oil and gas company and are not limited to maintaining corporate existence or identifying a merger candidate.

We currently own a 75% working interest and a 55.5% net revenue interest in an 80-acre tract located in Andrews County, Texas. We have not drilled any wells and have no producing wells or proved reserves. Our current activities consist primarily of evaluating our existing leasehold interests, pursuing additional acreage acquisitions, and seeking financing necessary to drill and develop our properties.

Quoted from its 10-K, filed 24 Mar 2026. Read the filing on SEC.gov ↗