Recent Updates — BKRP

On August 9, 2022, Black Rock Petroleum Company disclosed that its President and CEO, Zoltan Nagy, was indicted on a criminal offense in the Northern District of Atlanta. The indictment relates to allegations involving Lotus Bio-Technology Development Corp., though the company noted these allegations have not been proven in court. This filing represents a significant governance and leadership risk event for the organization. Black Rock Petroleum Company operates in the petroleum industry.

On March 11, 2024, Black Rock Petroleum Company dismissed its independent accountant, Gries and Associates, LLC, following the firm's sale to GreenGrowth CPAs. The company subsequently engaged GreenGrowth CPAs as its new independent accountant. Previous audits for fiscal years 2021 and 2022 included a going concern uncertainty but contained no adverse opinions or disagreements regarding accounting principles. Management had previously discussed the continued existence of material weaknesses in internal control over financial reporting with Gries. Black Rock Petroleum Company is an energy company involved in petroleum operations.