Company: ALTX
Filing Date: 2025-11-28
Form Type: 10-K
Source: 0001096906-25-001949
Chunk: 0

Company: ALTEX INDUSTRIES INC
Filing Date: 2025-11-28
Form: 10-K
Item: Item 2
Chunk 0
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Properties.

The Company’s estimated reserves at September 30, 2025, are 2,400 barrels of proved, developed oil reserves associated with the Company’s 4.4% override in the Glo Field in Campbell County, Wyoming. The reserve estimate is prepared by the Company’s registered professional petroleum engineer; management supplies the engineer with ownership and revenue data and reviews the reserve estimate for reasonableness. All the Company’s interests in oil and gas properties are non-working interests. The Company did not participate in the drilling of any wells during the year ended September 30, 2024 (FY24) or the year ended September 30, 2025 (FY25). At November 28, 2025, the Company was not engaged in any oil and gas operations. The Company owns very small mineral interests in Utah. All the Company’s production is located in Utah and Wyoming.

Production