Black Rock Petroleum Posts Zero Revenue, Deepens Losses to $20,914

TL;DR

**Black Rock Petroleum is a pre-revenue shell company with a 'going concern' warning, making it a highly speculative bet with no clear path to profitability.**

AI Summary

Black Rock Petroleum Co, an oil and gas exploration stage corporation and equipment distributor, reported no revenue for the fiscal year ended April 30, 2023, continuing its start-up phase. The company incurred a net loss of $20,914 in 2023, an increase from $15,307 in 2022, primarily due to higher audit, accounting, and transfer agent expenses. As of April 30, 2023, Black Rock Petroleum Co had no available cash, total liabilities of $153,963, and an accumulated deficit of $156,073. The company used $23,862 in cash for operating activities in 2023, up from $7,181 in 2022, with the increase attributed to higher net losses and payment of prior accounts payable. Financing activities provided $23,862 in 2023, compared to $7,181 in 2022, primarily from additional funding by its sole director, Mr. Nagy. The company's strategic outlook involves drop shipping oil and gas equipment to generate initial revenue and raising capital via private placement to acquire an oil and gas lease for drilling one well. The auditors issued a going concern opinion, highlighting substantial doubt about the company's ability to continue operations for the next twelve months without additional capital.

Why It Matters

Black Rock Petroleum Co's 10-K reveals a company in its nascent stages with no revenue and increasing losses, signaling high risk for investors. The reliance on its sole director, Mr. Nagy, for funding and the absence of an active trading market for its common stock underscore significant liquidity and operational challenges. This situation contrasts sharply with established players in the competitive oil and gas sector, making it difficult for Black Rock Petroleum Co to attract capital or talent. Employees and customers face uncertainty given the company's 'going concern' warning and its dependence on future capital raises to even begin core operations.

Risk Assessment

Risk Level: high — The company is an 'exploration stage corporation' with no revenue generated as of April 30, 2023, and an accumulated deficit of $156,073. Auditors issued a 'going concern' opinion, indicating substantial doubt about its ability to continue operations for the next twelve months without additional capital, as evidenced by zero available cash and $153,963 in liabilities.

Analyst Insight

Investors should avoid Black Rock Petroleum Co due to its pre-revenue status, 'going concern' warning, and complete reliance on its sole director for funding. This filing indicates extreme speculative risk with no current operational assets or revenue streams.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

N/A

total Debt

$153,963

net Income

-$20,914

eps

N/A

gross Margin

N/A

cash Position

$0

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $0 — Revenue (No revenue generated for the fiscal year ended April 30, 2023)
• $20,914 — Net Loss (Increased from $15,307 in 2022, primarily due to higher audit and accounting expenses)
• $153,963 — Total Liabilities (As of April 30, 2023, indicating significant debt relative to zero cash)
• $156,073 — Accumulated Deficit (As of April 30, 2023, reflecting cumulative losses since inception)
• $23,862 — Cash Used in Operating Activities (Increased from $7,181 in 2022, due to higher net losses and payment of prior accounts payable)
• $23,862 — Cash from Financing Activities (Received in 2023, primarily from the sole director, Mr. Nagy)
• 200,000,000 — Shares Outstanding (As of November 12, 2025)
• 10% — Sole Officer's Time Commitment (Equivalent to four hours per week, indicating limited dedicated management)

Key Players & Entities

• Black Rock Petroleum Co (company) — registrant
• Mr. Nagy (person) — sole officer and director, primary funder
• National Registered Agents Inc. of NV (company) — registered agent for service of process
• SEC (regulator) — filing oversight
• PCAOB (regulator) — auditor oversight

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company's auditors have issued a going concern opinion due to recurring losses since inception and lack of profitable operations. There is substantial doubt about its ability to continue as an ongoing business for the next twelve months without obtaining additional capital.
• Dependence on External Capital [high — financial]: The company has no available cash and relies entirely on raising capital through private placement to fund its operations, acquire leases, and drill wells. Failure to secure this funding will lead to suspension or cessation of operations.
• Lack of Operating History and Revenue [high — operational]: As an exploration-stage company with no revenue generated to date, Black Rock Petroleum faces significant operational risks. Its plan to generate initial revenue through drop shipping equipment is unproven.
• Limited Management Resources [medium — operational]: The sole officer's time commitment is equivalent to four hours per week, indicating limited dedicated management capacity to navigate the complex challenges of an oil and gas exploration and equipment distribution business.
• Significant Liabilities and Accumulated Deficit [high — financial]: As of April 30, 2023, the company has total liabilities of $153,963 and an accumulated deficit of $156,073, with zero cash on hand, highlighting a precarious financial position.

Industry Context

The oil and gas exploration sector is capital-intensive and subject to volatile commodity prices and regulatory changes. Companies in this stage typically require significant funding for exploration and development. The equipment distribution segment within the industry is competitive, with established players and varying profit margins.

Regulatory Implications

As an oil and gas company, Black Rock Petroleum is subject to environmental regulations and permitting requirements for drilling activities. The 'smaller reporting company' status exempts it from certain disclosure requirements, but core financial reporting and going concern disclosures remain critical.

What Investors Should Do

1. Evaluate the feasibility of the drop-shipping model for generating initial revenue.
2. Assess the likelihood and terms of the planned private placement for capital raising.
3. Monitor the company's ability to secure oil and gas leases and successfully drill a well.
4. Consider the significant financial risks, including the going concern opinion and substantial liabilities.

Key Dates

• 2023-04-30: Fiscal Year End — Reported $0 revenue, a net loss of $20,914, $0 cash, $153,963 in liabilities, and an accumulated deficit of $156,073.
• 2022-04-30: Previous Fiscal Year End — Reported a net loss of $15,307, indicating an increase in losses for the current fiscal year.

Glossary

Exploration Stage Corporation

A company engaged in the search for oil and gas reserves that are not yet in the development or production stage. (Black Rock Petroleum Co is classified as such, indicating its current business focus and lack of revenue-generating assets.)

Going Concern Opinion

A statement by an auditor indicating that there is substantial doubt about a company's ability to continue operating for the next twelve months. (The company received this opinion, highlighting its severe financial instability and dependence on future capital.)

Drop Shipping

A retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. (This is the company's proposed method for generating initial revenue in its equipment distribution segment.)

Accumulated Deficit

The cumulative total of net losses incurred by a company since its inception, representing a negative retained earnings balance. (The company has an accumulated deficit of $156,073 as of April 30, 2023, reflecting its history of losses.)

Year-Over-Year Comparison

For the fiscal year ended April 30, 2023, Black Rock Petroleum Co reported $0 revenue, consistent with the prior year. However, the net loss increased to $20,914 from $15,307 in the previous year, primarily driven by higher audit and accounting expenses. Cash used in operations also significantly increased to $23,862 from $7,181, while financing activities provided $23,862, largely from the sole director, indicating continued reliance on personal funding.

Key Financial Figures

• $5,000,000 — y institutions with assets in excess of $5,000,000 or individuals with net worth in excess
• $1,000,000 — individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or
• $200,000 — f $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses)
• $300,000 — or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transa
• $20,914 — r ended April 30, 2023 our net loss was $20,914 compared to $15,307 for the year ended
• $15,307 — 23 our net loss was $20,914 compared to $15,307 for the year ended April 30, 2022. Duri
• $153,963 — have no available cash, liabilities of $153,963 and an accumulated deficit of $156,073.
• $156,073 — $153,963 and an accumulated deficit of $156,073. During the year ended April 30, 2023 w
• $23,862 — g the year ended April 30, 2023 we used $23,862 of cash for operating activities. For t
• $7,181 — the year ended April 30, 2022, we used $7,181 of cash for operating activities. The i

Filing Documents

• eps12262.htm (10-K) — 316KB
• ex31-1.htm (EX-31.1) — 9KB
• ex32-1.htm (EX-32.1) — 3KB
• image_001.jpg (GRAPHIC) — 5KB
• 0001171520-25-000336.txt ( ) — 1588KB
• bkrp-20230430.xsd (EX-101.SCH) — 18KB
• bkrp-20230430_cal.xml (EX-101.CAL) — 20KB
• bkrp-20230430_def.xml (EX-101.DEF) — 32KB
• bkrp-20230430_lab.xml (EX-101.LAB) — 126KB
• bkrp-20230430_pre.xml (EX-101.PRE) — 98KB
• eps12262_htm.xml (XML) — 94KB

Signatures

Signatures 12 PART I

Forward-Looking Statements

Forward-Looking Statements Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements." These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Sale of Oil and Gas Equipment We are a start-up, oil and gas exploration stage corporation and distributor of oil field equipment. We have not yet generated or realized any revenues from our business operations. We do not own any interest in any oil and gas leases or properties. An exploration stage corporation is one engaged in the search for oil and gas reserves which are not in either the development or production stage. We will begin limited operations by drop shipping oil and gas equipment to purchasers. We will find and locate the desired equipment and require our customer to pay us the full purchase price. We will then pay the manufacturer or wholesale

RISK FACTORS

ITEM 1A. RISK FACTORS. We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS. We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item. 1

CYBERSECURITY

ITEM 1C. CYBERSECURITY B lackrock maintains a comprehensive cybersecurity risk management program designed to identify, protect against, detect, respond to, and mitigate reasonably foreseeable cybersecurity threats to the Company's operations. This program incorporates internal controls and safeguards aligned with industry standards – including access controls, data encryption, network monitoring, and employee cybersecurity training – to protect the confidentiality, integrity, and availability of the Company's information assets. We utilize a range of security tools and procedures to continuously monitor our systems and prevent unauthorized access or data loss. In addition, the Company has implemented a formal incident response plan that outlines procedures for promptly addressing and containing cybersecurity incidents. This incident response plan is tested and updated periodically (e.g., through tabletop simulations and third-party penetration testing) to ensure preparedness and effective remediation of any identified security events. Oversight and Governance: Cybersecurity risk management is overseen at the highest levels of the Company's leadership. The Board of Directors is responsible for monitoring the Company's cybersecurity risks and related risk management practices. The Board receives regular reports from management on cybersecurity matters, including updates on risk assessments, security improvements, and any relevant threat developments or incidents. Senior management has designated personnel (including information technology and security officers) to manage day-to-day cybersecurity operations and to implement cybersecurity policies, controls, and procedures. These personnel regularly brief the Board on the status of the Company's cybersecurity posture and risk mitigation activities. The Company also provides periodic cybersecurity training to all employees to reinforce security awareness and protocol compliance as part of its internal control framew

PROPERTIES

ITEM 2. PROPERTIES. None.

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS. There are no claims, actions, suits, proceedings, or investigations that are currently pending or, to the Company's knowledge, threatened by or against the Company or respecting its operations or assets, or by or against any of the Company's officers, directors, or affiliates. 2

MINE SAFETY DISCLOSURE

ITEM 4. MINE SAFETY DISCLOSURE. Not applicable. PART II

MARKET FOR OUR COMMON EQUITY, RELATED STOCKHOLDER

ITEM 5. MARKET FOR OUR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. There is no public trading market for our common stock. There are no outstanding options or warrants to purchase, or securities convertible into, our common stock. Dividends We have not declared any cash dividends, nor do we intend to do so. We are not subject to any legal restrictions respecting the payment of dividends, except that they may not be paid to render us insolvent. Dividend policy will be based on our cash resources and needs, and it is anticipated that all available cash will be needed for our operations in the foreseeable future. Section 15(g) of the Securities Exchange Act of 1934 Our shares are covered by section 15(g) of the Securities Exchange Act of 1934, as amended that imposes additional sales practice requirements on broker/dealers who sell such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transactions covered by the Rule, the broker/dealer must make a special suitability determination for the purchase and have received the purchaser's written agreement to the transaction prior to the sale. Consequently, the Rule may affect the ability of broker/dealers to sell our securities and also may affect your ability to sell your shares in the secondary market. Section 15(g) also imposes additional sales practice requirements on broker/dealers who sell penny securities. These rules require a one-page summary of certain essential items. The items include the risk of investing in penny stocks in both public offerings and secondary marketing; terms important to in understanding of the function of the penny stock market, such as ID and offer quotes, a dealers spread and broker/dealer compensation; the broker/dealer

[Reserved]

ITEM 6. [Reserved]. We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION. Plan of Operation We are a start-up, oil and gas exploration stage corporation and distributor of oil field equipment. We have not yet generated or realized any revenues from our business operations. We do not own any interest in any oil and gas leases or properties. An exploration stage corporation is one engaged in the search for oil and gas reserves which are not in either the development or production stage. We will begin limited operations by drop shipping oil and gas equipment to purchasers. We will find and locate the desired equipment and require our customer to pay us the full purchase price. We will then pay the manufacturer or wholesale therefore and cause the equipment to be delivered to our customer. At the same time, we intend to raise capital via a private placement. The proceeds from the private placement will be used to acquire an oil and gas lease, upon which we intend to drill one oil and/or gas well. Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin drop shipping oil and gas related equipment. Accordingly, we must raise cash from outside sources. We will be conducting research in the form of drilling on the property. Our exploration program is explained in as much detail as possible in the business section of this prospectus. We are not going to buy or sell any plant or significant equipment during the next twelve months other than casing, pipe, a pump jack, and tanks. Casing and pipe will be purchased with funds we receive from the sale of oil and gas related equipment. A pump jack and tanks will be purchased only if we strike oil. A pump jack and tanks are unnecessary if we find ga

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. 5 BLACK ROCK PETROLEUM COMPANY FOR THE YEARS ENDED APRIL 30, 2023 AND 2022 INDEX TO FINANCIAL STATEMENTS Report of Independent Registered Public Accounting Firm F-1 Balance Sheets as of April 30, 2023 and 2022 F-2 of Operations for the years ended April 30, 2023 and 2022 F-3 of Stockholders' Deficit for the years ended April 30, 2023 and 2022 F-4 of Cash Flows for the years ended April 30, 2023 and 2022 F-5 Notes to Financial Statements F-6 F-1 Report of Independent Registered Public Accounting Firm To the Board of Directors and Stockholders of Black Rock Petroleum Company, Opinion on the Financial Statements We have audited the accompanying balance sheet of Black Rock Petroleum Company (the Company) as of April 30, 2023, and the related statement of operations, stockholders' deficit, and cash flow for the year then ended, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of April 30, 2023, and the results of its operations and its cash flow for each of the year then ended, in conformity with accounting principles generally accepted in the United States of America. The financial statements of the Company as of April 30, 2022, were audited by other auditors whose report dated February 27, 2023, expressed an unqualified opinion on those statements. Going Concern Considerations The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has suffered recurring losses since inception and has not achieved profitable operations, which raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are described in Note 3. The financial statements do not include any adjustments

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