#United States #Oil and Gas #Midland #SEC Filings #Next Bridge Hydrocarbons

Next Bridge Hydrocarbons Provides SEC Filing Update

Next Bridge Hydrocarbons, Inc., an oil and natural gas exploration company based in the United States, has recently communicated important updates concerning ongoing interactions with the Securities and Exchange Commission (SEC). The Company, which holds interests across Texas, Louisiana, and Oklahoma, strives to keep its shareholders informed regarding the financial restatements of previous years’ accounting periods.

On June 18, 2025, Next Bridge announced significant progress in providing the SEC with previews of its financial statement restatements for the years 2022 and 2023. These financial adjustments will be included in an amendment to the Annual Report on Form 10-K for the fiscal year 2023. Additionally, there are plans to incorporate quarterly financial statement restatements in the 2024 fiscal year’s Annual Report.

The procedure of restating financials, as mentioned in the update, has proven to consume substantial resources, both in terms of time and finances. The SEC has been reviewing these materials closely and has recently posed a series of follow-up inquiries demanding additional clarification on certain aspects of Next Bridge's 2023 and 2024 financials. These inquiries focus on structural and procedural changes, which, while necessary, are causing further delays in filing the requested amendments.

As a result of these developments, shareholders may experience a delay in the filing timeline for the 2023 Annual Report amendment, and this will subsequently affect reports for the years 2024 and 2025. Understanding the frustration this may cause among its stakeholders, the Company has reassured investors of its commitment to responding to the SEC's inquiries promptly and thoroughly. Next Bridge is working diligently alongside its independent auditors and advisors to meet all regulatory requests effectively.

In addition to keeping the shareholders informed, Next Bridge invites them to stay connected through its various communication channels, including email alerts. Interested parties can subscribe for updates through the investor relations section on the Company’s website. Social media channels are also available for real-time updates and engagement.

Beyond addressing these immediate SEC-related matters, it’s crucial to highlight the operational backdrop of Next Bridge Hydrocarbons. It is an independent entity specializing in the acquisition, exploration, exploitation, and development of oil and natural gas properties in the United States. The Company boasts minor well interests primarily situated on the eastern edge of the Midland Basin in Texas, alongside additional well interests in Oklahoma. Furthermore, exploration leaseholds are present on the southern Louisiana Gulf Coast, underscoring the Company’s strategic location in petroleum-rich regions.

Next Bridge Hydrocarbons encourages its shareholders, investors, and the public to keep abreast of any significant operational or financial developments, as updates regarding Company performance will be issued in due course. For more information, visit Next Bridge Hydrocarbons.

The Company emphasizes that the information shared may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. While management believes these statements are reasonable, uncertainties surround them that may lead to actual outcomes differing from expectations. More details concerning risk factors and uncertainties can be explored through the filings available at the SEC’s website or directly on Next Bridge's website.

In summary, Next Bridge Hydrocarbons stands committed to ensuring transparency and diligence in its endeavors while addressing SEC queries, aiming to enhance shareholder confidence during this complex review process.