AMERICAN NOBLE GAS, INC.
amnoblegas.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 14, 2023. Its latest SEC filing is a REVOKED from Jun 25, 2026.
10-Q for Q3 FY2023, filed Nov 14, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Produces oil, natural gas and helium for energy-industry buyers, and explores for other noble gases and brine minerals.
10-K for FY2022, filed May 15, 2023The Hugoton JV believes that its unconventional theory has not previously been targeted for exploration by historical operations in the…View ↗
The Hugoton JV also acquired the right to all brine minerals subject to a ten percent (10%) royalty to Scout, across Finney and Haskell…View ↗
The USNG Letter Agreement required the Company to establish a four-member board of advisors (the “Board of Advisors”) comprised of various…View ↗
How Did They Make Money?
The company earns revenue from its interests in oil and gas sales, with payment arriving one to three months after delivery.
10-K for FY2022, filed May 15, 2023The Company’s revenues are primarily derived from its interests in the sale of oil and natural gas production. To date, such revenues have…View ↗
$117.1K
-
10-K for FY2022, filed May 16, 2023
$117.1K ↗
Who Were Their Customers?
The company sells its oil and gas production to customers under contracts negotiated by third-party well operators.
10-K for FY2022, filed May 15, 2023The Company’s revenues are primarily derived from its interests in the sale of oil and natural gas production. To date, such revenues have…View ↗
Did Revenues Turn Into Profits?
No. It lost $3.9M in FY2022.
10-K for FY2022, filed May 16, 2023
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2023, filed Nov 15, 2023
−$259.1KView ↗
- ▼ −24% (Loss)
- vs −$338.9K in Q3 FY2022
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Nov 1, 2023
Assigned Hugoton participation and well rights to M3
Assigned its 40% Hugoton participation and Peyton 21-1 well rights to M3 for $75,000; M3 assumed related obligations and receivables.
Sources
8-K, filed Nov 1, 2023
The assignment included all of its rights, title and interest in and to the Peyton 21-1 well which was drilled and completed in June 2022…View ↗
Broader exploration focus
Earlier, the company pursued oil and gas exploration in U.S. properties and offshore Nicaragua; the latest report focuses on U.S. oil and gas properties that may also hold noble gases and rare earth minerals.
10-K for FY2019, filed May 14, 2020 10-K for FY2022, filed May 15, 2023Historically, the Company has been an oil and natural gas exploration, development and production company, which was primarily in the…View ↗
Recently, the Company has changed its focus to include the exploration and development of noble gas and rare earth minerals. Noble gases…View ↗
The Company is assessing various opportunities and strategic alternatives involving the acquisition, exploration and development of natural…View ↗
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