Black Rock Petroleum Co

Black Rock Petroleum Company is a start-up, oil and gas exploration stage corporation and distributor of oil field equipment, incorporated in Nevada on April 24, 2013, with its executive office located at 108-2259 Parkview Lane, Coquitlam, British Columbia. 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. The company has not yet generated or realized any revenues from its business operations and does not own any interest in any oil and gas leases or properties.

The company is a start-up stage entity with no employees other than its sole officer and director, Zoltan Nagy, who has decided to devote only 10% of his time or four hours per week to operations. The company has no employment agreements with its sole officer and director, and since he has no experience in oil and gas operations, he intends to hire at least one person who has experience in operating oil and gas leases, though that additional employee will not be hired until the company is ready to acquire an oil and gas lease and has raised additional capital to support such employment.

The company's business model involves beginning limited operations by drop shipping oil and gas equipment to purchasers: it will find and locate the desired equipment, require the customer to pay the full purchase price, then pay the manufacturer or wholesaler and cause the equipment to be delivered to the customer. Simultaneously, the company intends to raise capital via a private placement, the proceeds of which will be used to acquire an oil and gas lease upon which it intends to drill one oil and/or gas well.

The company's sole officer and director is Zoltan Nagy, age 58, who serves as president, principal executive officer, principal financial officer, principal accounting officer, secretary, treasurer, and sole member of the board of directors. Mr. Nagy has held these positions since the company's inception on April 24, 2013, and also serves as president, secretary, treasurer, principal financial officer, principal accounting officer, and sole member of the board of directors of Starflick.com, the company's parent corporation, since March 24, 2011.

As of April 30, 2024, the company had 200,000,000 shares of common stock authorized, with 200,000,000 shares issued and outstanding, and 100,000,000 shares of preferred stock authorized, with 100,000,000 shares issued and outstanding. On November 20, 2024, 50,000,000 shares of preferred stock were cancelled, and on March 27, 2025, 7,670,000 shares of common stock were cancelled. The company has no outstanding options or warrants to purchase, or securities convertible into, its common stock.

The company has not declared any cash dividends and does not intend to do so, with dividend policy to be based on cash resources and needs, and it is anticipated that all available cash will be needed for operations in the foreseeable future. There is no public trading market for the company's common stock, and the company did not repurchase any of its securities during the fiscal years ended April 30, 2024 and 2023.

For the fiscal year ended April 30, 2024, the company reported no revenues, a net loss of $1,000 ¹, and an accumulated deficit of $157,073 ². This compares to a net loss of $20,914 ³ for the fiscal year ended April 30, 2023. As of April 30, 2024, the company had no available cash, total liabilities of $154,963 ⁴, and an accumulated deficit of $157,073 ⁵. The company's auditors have issued a going concern opinion, indicating substantial doubt about its ability to continue as an on-going business for the next twelve months unless it obtains additional capital.

The company is currently seeking an acquisition opportunity with a company in the mining sector. In the event the company completes its exploration program prior to the end of one year and finds oil and/or gas, it will spend the balance of the year creating a program for development of the property. If it does not find oil and/or gas on the property, it will attempt to locate a new property, raise additional money, and explore the new property.

The company intends to raise capital via a private placement, with the proceeds to be used to acquire an oil and gas lease upon which it intends to drill one oil and/or gas well. The company does not intend to interest other companies in the property if it finds oil and/or gas, but rather intends to develop the property itself. If the company is unable to complete drilling one well on the property, it will suspend operations until it raises more money, and if it cannot or does not raise more money, it will cease operations.

The company's exploration program involves conducting research in the form of drilling on the property. All work on the property will be conducted by unaffiliated independent contractors that the company will hire, who will be responsible for drilling one well. The company does not intend to hire additional employees at this time.

The company will not 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 received from the sale of oil and gas related equipment. A pump jack and tanks will be purchased only if the company strikes oil, and a pump jack and tanks are unnecessary if the company finds gas.

The company has no equity compensation plans and accordingly has no shares authorized for issuance under an equity compensation plan. The company has not declared any cash dividends and does not intend to do so, with all available cash anticipated to be needed for operations in the foreseeable future.

The company must raise cash from outside sources as it has not generated any revenues and no revenues are anticipated until it begins drop shipping oil and gas related equipment. The company's auditors have issued a going concern opinion, meaning there is substantial doubt that the company can continue as an on-going business for the next twelve months unless it obtains additional capital to pay its bills.

The company's sole officer and director, Zoltan Nagy, has decided to devote only 10% of his time or four hours per week to operations, and as a result operations may be sporadic and occur at times which are convenient to him. Since he has no experience in oil and gas operations, he intends to hire at least one person who has experience in operating oil and gas leases, but that additional employee will not be hired until the company is ready to acquire an oil and gas lease and has raised additional capital to support such employment.

The company faces material risks including its status as a start-up exploration stage corporation with no revenues generated or realized from business operations, an accumulated deficit of $157,073 ⁶ as of April 30, 2024, and no available cash ⁷, raising substantial doubt about its ability to continue as a going concern. The company's sole officer and director devotes only 10% of his time or four hours per week to operations, which may cause operations to be sporadic. The company has no employees other than its sole officer and director, and its officer has no experience in oil and gas operations. The company must raise cash from outside sources to pay its bills, and if it cannot raise more money, it will cease operations. Additionally, there is no public trading market for the company's common stock, and the shares are covered by Section 15(g) of the Securities Exchange Act of 1934, which imposes additional sales practice requirements on broker/dealers that may affect the ability to sell shares in the secondary market.

Management's message emphasizes that the company is a start-up, oil and gas exploration stage corporation and distributor of oil field equipment that has not yet generated or realized any revenues from its business operations. The strategic priorities for the period ahead are to begin limited operations by drop shipping oil and gas equipment to purchasers, raise capital via a private placement to acquire an oil and gas lease, and drill one oil and/or gas well on that lease. Management acknowledges that the company's auditors have issued a going concern opinion, indicating substantial doubt about the company's ability to continue as an on-going business for the next twelve months unless it obtains additional capital, and that if the company cannot or does not raise more money, it will cease operations.