Norris Industries Files 2024 10-K for Oil & Gas Operations
Ticker: NRIS · Form: 10-K · Filed: May 28, 2024 · CIK: 1603793
| Field | Detail |
|---|---|
| Company | Norris Industries, Inc. (NRIS) |
| Form Type | 10-K |
| Filed Date | May 28, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $77.29, $2.52 |
| Sentiment | neutral |
Sentiment: neutral
Topics: oil-and-gas, 10-k, annual-report
TL;DR
Norris Industries 10-K filed. Oil & gas biz. Check financials.
AI Summary
Norris Industries, Inc. filed its 10-K for the fiscal year ending February 29, 2024, reporting on its crude petroleum and natural gas operations. The company, formerly known as INTERNATIONAL WESTERN PETROLEUM, INC., is incorporated in Nevada and headquartered in Weatherford, Texas. The filing details financial performance and operational aspects for the period.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Norris Industries' financial health and strategic direction in the volatile oil and gas sector for the fiscal year 2024.
Risk Assessment
Risk Level: medium — The company operates in the inherently volatile crude petroleum and natural gas industry, which carries significant market and operational risks.
Key Numbers
- 2024-02-29 — Fiscal Year End (The end date of the reporting period for the 10-K filing.)
- 2023-03-01 — Fiscal Year Start (The start date of the reporting period for the 10-K filing.)
- 2024-05-28 — Filing Date (The date the 10-K was officially filed with the SEC.)
Key Players & Entities
- Norris Industries, Inc. (company) — Filer of the 10-K
- INTERNATIONAL WESTERN PETROLEUM, INC. (company) — Former name of Norris Industries, Inc.
- 20240229 (date) — Fiscal year end
- 0229 (date) — Fiscal year end
- NV (jurisdiction) — State of incorporation
- TX (jurisdiction) — State of business address
- 8558096900 (phone_number) — Business phone number
FAQ
What is the primary business of Norris Industries, Inc.?
Norris Industries, Inc. is primarily involved in crude petroleum and natural gas operations, as indicated by its Standard Industrial Classification code [1311].
When did Norris Industries, Inc. change its name?
The company changed its name from INTERNATIONAL WESTERN PETROLEUM, INC. on March 27, 2014.
What is the fiscal year end for Norris Industries, Inc.?
The fiscal year end for Norris Industries, Inc. is February 29 (0229).
Where is Norris Industries, Inc. headquartered?
Norris Industries, Inc. is headquartered in Weatherford, Texas, with its business address listed as 102 Palo Pinto St., Suite B, Weatherford, TX 76086.
What is the SEC file number for this 10-K filing?
The SEC file number for this 10-K filing is 000-55695.
Filing Stats: 4,634 words · 19 min read · ~15 pages · Grade level 15.4 · Accepted 2024-05-28 14:28:22
Key Financial Figures
- $77.29 — e oil, condensate, and natural gas were $77.29 per barrel of oil and $2.52 per MMBTU f
- $2.52 — l gas were $77.29 per barrel of oil and $2.52 per MMBTU for Henry Hub gas. As result
Filing Documents
- form10-k.htm (10-K) — 910KB
- ex4-1.htm (EX-4.1) — 9KB
- ex10-3.htm (EX-10.3) — 2KB
- ex21-1.htm (EX-21.1) — 2KB
- ex31-1.htm (EX-31.1) — 12KB
- ex31-2.htm (EX-31.2) — 15KB
- ex32-1.htm (EX-32.1) — 9KB
- ex32-2.htm (EX-32.2) — 8KB
- ex99-1.htm (EX-99.1) — 7KB
- ex10-3_001.jpg (GRAPHIC) — 145KB
- ex99-1_001.jpg (GRAPHIC) — 159KB
- ex99-1_002.jpg (GRAPHIC) — 166KB
- ex99-1_003.jpg (GRAPHIC) — 194KB
- ex99-1_004.jpg (GRAPHIC) — 125KB
- ex99-1_005.jpg (GRAPHIC) — 96KB
- ex99-1_006.jpg (GRAPHIC) — 105KB
- ex99-1_007.jpg (GRAPHIC) — 64KB
- ex99-1_008.jpg (GRAPHIC) — 109KB
- 0001493152-24-021582.txt ( ) — 5561KB
- nris-20240229.xsd (EX-101.SCH) — 28KB
- nris-20240229_cal.xml (EX-101.CAL) — 37KB
- nris-20240229_def.xml (EX-101.DEF) — 105KB
- nris-20240229_lab.xml (EX-101.LAB) — 228KB
- nris-20240229_pre.xml (EX-101.PRE) — 180KB
- form10-k_htm.xml (XML) — 490KB
BUSINESS
BUSINESS 1 Item 1A. RISK FACTORS 7 Item 1B. UNRESOLVED STAFF COMMENTS 16 Item 1C. CYBERSECURITY 16 Item 2.
PROPERTIES
PROPERTIES 17 Item 3. LEGAL PROCEEDINGS 17 Item 4. MINE SAFETY DISCLOSURES 17 PART II Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 17 Item 6. SELECTED FINANCIAL DATA 18 Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 18 Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 21 Item 8. FINANCIAL 22 Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 23 Item 9A. CONTROLS AND PROCEDURES 23 Item 9B. OTHER INFORMATION 24 PART III Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 25 Item 11. EXECUTIVE COMPENSATION 26 Item 12. SECURITY 27 Item 13. CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 27 Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 29 PART IV Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 30 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this "Report") contains "forward-looking statements" within the meaning of the Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend," "could," "should," "would," "may," "seek," "plan," "might," "will," "expect," "predict," "project," "forecast," "potential," "continue" negatives thereof or similar expressions. These forward-looking statements are found at various places throughout this Report and include information concerning possible or assumed future r