Company: CRCE
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001096906-25-000275
Chunk: 13

Company: Circle Energy, Inc./NV
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1
Chunk 13
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Item 1:Business 

General

Circle Energy, Inc., a Nevada corporation, (the “Company,” or “Circle,” “we,” “us,” “our,” or similar terms) was formed on December 7, 2021, for the purpose of acquiring oil and gas companies, projects, or properties and partnering with an established management team in the oil and gas industry.  We have acquired an interest in our first oil and gas property and entered into a joint venture agreement for further development of the area of mutual interest.  Our plans include first to explore and expand our acreage position with our joint venture partner and second to devise a development plan, partnering with industry players and associates to expand and generate growth of our company.  We have not established specific criteria for additional projects but will rely on the experience of our management team in identifying and negotiating the purchase of potential oil and gas companies, projects, or properties.  

Our Mission

Circle’s mission is to deliver competitive and sustainable returns to its shareholders by acquiring, developing, exploring for, and commercializing oil and natural gas resources vital to the world’s health and welfare.

Our Business Strategy

Circle was formed to establish an operating company from which to pursue opportunities to partner with an established management team, providing that team with access to the public market and with management’s own extensive experience and with the benefit of its expansive relationships. Either in conjunction with or subsequent to uniting with a top-notch management team, Circle intends to acquire operatorship of existing oil and gas properties it believes have significant remaining development potential. Management has decades of involvement in the oil and natural gas industry and has gained vast knowledge and experience in all phases of establishing and growing a company, including assessing management team potential and evaluating and acquiring assets. Additionally, we believe the relationships that management has established throughout their careers will be highly beneficial in connecting with and engaging a high-quality management team and in identifying, evaluating and acquiring high quality assets. We further believe management’s experience and relationships with the financial and capital markets will provide the selected management team with valuable tools in identifying, negotiating for and financing targeted acquisitions.

Primary Business Operations

The Company intends to add to its existing acreage position and also to seek additional acquisition opportunities.

Competitive Business Conditions

We operate in a highly competitive environment for acquiring properties, marketing oil and natural gas and securing trained personnel. Some of our competitors possess and employ financial resources substantially greater than ours and some of our competitors employ more technical personnel. These factors can be particularly important in the areas