Leopard Energy, Inc.

Leopard Energy, Inc.

Overview

Leopard Energy, Inc. is a Nevada corporation that has shifted its business focus over time. Incorporated on July 15, 2002, the company operated across multiple lines until 2015, when it merged with its wholly owned subsidiary Cyber Apps World Inc. and concentrated on mobile applications offering mobile coupons. On January 17, 2024, the company completed its first U.S. energy transaction by acquiring a 5% royalty interest in seven producing oil wells in the Eagle Ford Shale, Lavaca County, Texas. The company changed its name to Leopard Energy, Inc. on April 26, 2024.

History and business evolution

• Incorporated July 15, 2002, under Nevada law.
• April 9, 2015: Merged with Cyber Apps World Inc. and shifted focus to mobile coupon applications for desktop and mobile users.
• July 6, 2023: JanBella Group, LLC acquired 100,000 Series A Preferred Shares to settle a promissory note; the CEO and a director resigned and William Alessi (an affiliate of JanBella) became sole officer and director.
• August 23, 2023: JanBella sold the Series A Preferred Shares to Zenith Energy Ltd., which became the controlling stockholder (holding 99.87% of voting power). Zenith appointed Luca Benedetto (President and Treasurer), Ippolito Cattaneo (Secretary), and Dario Sodero (Director); William Alessi resigned.
• March 6, 2024: Ippolito Cattaneo stepped down as Secretary and as a director.
• January 17, 2024: Acquired a 5% royalty interest in seven producing oil wells in the Eagle Ford Shale (the Eagle Acquisition), marking the company’s entry into U.S. energy production and development.
• April 26, 2024: Company name changed to Leopard Energy, Inc.

Current focus and activities

• Primary focus is the acquisition of energy production and development opportunities in the United States, including royalty interests and potential equity or royalty acquisitions.
• First U.S. energy asset is a 5% royalty interest in seven Eagle Ford Shale wells in Lavaca County, Texas.
• Growth plan includes completing additional royalty or ownership acquisitions and securing financing to support expansion. Zenith Energy has indicated it will continue to provide financing pending additional funding.

Ownership and capital structure

• Controlling stockholder: Zenith Energy Ltd. (publicly traded in London, Oslo, and OTC markets) since August 2023.
• Series A Preferred Shares: 100,000 outstanding, representing approximately 99.87% of voting power. Zenith acquired these shares from JanBella for $398,400.
• Financing provided by Zenith includes approximately $421,007 in payments made on behalf of the company and approximately $45,000 contributed in cash.

Management and governance

• Operations rely on executive officers and independent consultants and contractors retained for development activities.
• Recent leadership changes: appointments by Zenith in August 2023 (Luca Benedetto, Ippolito Cattaneo, Dario Sodero) and the subsequent resignation of Ippolito Cattaneo in March 2024.

Properties

• The company does not own or lease real property.

Employees

• The company relies on its executive officers and independent consultants/contractors to conduct operations.

Financial highlights

• Sale of 100,000 Series A Preferred Shares to Zenith Energy Ltd. for $398,400.
• Zenith funding: approximately $421,007 in payments on behalf of the company and approximately $45,000 in cash capital.

Competition and market context

The U.S. market for acquiring energy production and development opportunities is competitive, with many firms and individuals having longer operating histories and greater resources. Leopard Energy intends to compete based on the energy sector experience of its executive officers and controlling stockholders, but no assurances are provided.

Notes

The company reports its status as a smaller reporting company, which affects certain filing requirements.

Summary

Leopard Energy, Inc. has transitioned from mobile applications to pursuing U.S. energy production assets, beginning with a 5% royalty interest in seven Eagle Ford wells. Zenith Energy Ltd. controls the company, has provided financing, and has appointed the current leadership. The company plans further energy asset acquisitions and is seeking additional financing to support its growth.