#United States #Midland #SEC #Louisiana #Next Bridge Hydrocarbons

Next Bridge Hydrocarbons Finalizes Amended Financial Statements

Overview

On December 10, 2025, Next Bridge Hydrocarbons, Inc., an oil and natural gas exploration firm operating mainly in Texas, Louisiana, and Oklahoma, announced the successful completion of its amended financial statements. This initiative, driven by demands from the Securities and Exchange Commission (SEC), pertains to the company's Quarterly Reports on Form 10-Q/A for the first three quarters of 2024. The completion marks a significant milestone in addressing all previous comments from the SEC concerning fiscal years 2023 and 2024.

Compliance with the SEC

The comprehensive amending and restatement process has been lengthy, yet it has culminated in the submission of an Annual Report on Form 10-K for the year ending December 31, 2024. Following this submission, Next Bridge received confirmation from the SEC regarding the review of the amended Form 10-K/A for fiscal year 2023. With the successful filing of the amended financial documents, all pre-existing comments from the SEC regarding these reporting periods have been resolved. The company prides itself on fulfilling commitments made to the SEC, showcasing its dedication to transparency and regulatory compliance.

Operational Updates

In tandem with the financial developments, Next Bridge has also reported updates on its drilling activities. Operations at the Panther Prospect in Louisiana have concluded, leading to a strategic shift towards the Valentine Prospect in La Fourche Parish. Initial geological logging data from the Panther indicated minimal output potential, prompting the decision to redirect efforts to Valentine and additional prospects. The company remains optimistic about the Valentine Prospect, Broncho Prospect, and other Wildcat SPV acquisitions, all considered vital assets with promising reserve potential.

Leadership Insights

Greg McCabe, Chairman and CEO of Next Bridge, expressed satisfaction in concluding this complex chapter, allowing the company to refocus on future endeavors. He acknowledged the prolonged effort, citing the significant resources invested during this period. McCabe emphasized the importance of moving forward, with a clear intention of increasing focus on Louisiana as a primary area for exploration and development.

Company Background

Next Bridge Hydrocarbons is an independent energy company engaged in acquiring, exploring, and developing oil and natural gas properties across the United States. The company maintains minor interests in the eastern Midland Basin of Texas, alongside exploration leaseholds in southern Louisiana's Gulf Coast region. Stakeholders and interested parties can learn more about the company's initiatives and updates by visiting their official website at nextbridgehydrocarbons.com.

Future Outlook

As Next Bridge Hydrocarbons looks to the future, the company intends to provide ongoing updates to its shareholders about significant operational and financial developments. Individuals interested in receiving news can sign up for alerts on the investor relations page of their website. Additionally, the company actively engages with its audience through social media channels, highlighting its commitment to transparency and communication.

Investor Relations

For more information regarding investments, stakeholders are encouraged to reach out via the contact provided on the official website. The company remains focused on navigating through its upcoming operational phases while ensuring compliance with SEC regulations and managing shareholder expectations effectively.