BioForce Nanosciences Holdings (BFNH) reported a potential oil discovery across 11 federal lease claims in Nevada.
An independent petroleum engineering firm identified prospective resources in a report furnished on Form 8-K. The report estimates a potentially large amount of original oil in place across BioForce’s Nevada acreage in the Fox Mountain and South Lund regions. Further exploration is needed to determine whether the resources are economically viable.
BioForce has shifted exclusively from vitamins to oil and gas. It plans additional seismic surveys, exploratory drilling and production testing, and intends to seek other oil and gas projects and explore possible partnerships. The company also plans to move to a different exchange and change its corporate name and trading symbol.
Bioforce Nanosciences Holdings (OTC: BFNH) reported that the U.S. Bureau of Land Management has approved the assignment of eleven federal oil and gas leases covering about 20,000 acres in Nevada’s White River Valley. These assets have undergone more than a decade of geological due diligence.
Bioforce plans staged exploration and development, potentially including additional studies, 3D seismic, initial wells, production testing, gathering systems and evaluation of partnerships or farm-outs. On June 26, 2026, the company engaged independent firm Ryder Scott to calculate resources and confirm net present value. According to Bioforce, preliminary data show potential for oil and gas, but there is no current confirmation of economic resources, and the company highlights significant technical, commercial, regulatory and market risks.