Spindletop Oil & Gas Co ( (SPND) ) has released a notification of late filing.
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Spindletop Oil & Gas Co. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending June 30, 2025. The delay is primarily due to the late receipt of necessary information from oil and gas purchasers and third-party operators, which could not be resolved without unreasonable effort or expense. The company anticipates filing the report within 15 calendar days following the prescribed due date. Financially, Spindletop expects a positive change in its results, with a projected net income increase to approximately $80,000 for the six-month period ending June 30, 2025, compared to a net loss of $62,000 in the same period of 2024. Total revenues are expected to rise by $50,000, while expenses are anticipated to decrease by $200,000. The company is committed to ongoing compliance efforts, as indicated by the signature of Chris G. Mazzini, the President and Principal Executive Officer.
More about Spindletop Oil & Gas Co
Average Trading Volume: 1,605
Technical Sentiment Signal: Buy
Current Market Cap: $19.95M
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