A petroleum engineering firm spent six weeks studying oil and gas potential in the Nevada desert. The company that hired them makes vitamins.
On August 13, BioForce Nanosciences Holdings received a Prospective Resources Report from Ryder Scott Company, L.P., covering what the filing calls the Fox Mountain and South Lund assets — about 19,957 acres of federally leased land in the White River Valley, Nye County, Nevada. The company disclosed the report in an 8-K filed with the SEC on August 18.
The leases themselves came from an entity connected to BioForce's own majority shareholder. According to BioForce's quarterly report for the period ended June 30, 2026, filed with the SEC, the company received its 11 oil and gas leases from Natural Minerals Trust, LLC — a Delaware company controlled by Nexus Capital Investments, BioForce's majority shareholder — for only the cost of the assignment.
The resource category Ryder Scott used matters. "Prospective resources" is a term the SEC does not recognize. Under SEC rules, oil and gas companies may disclose only "reserves" — a standard requiring geological and engineering data to show with reasonable certainty that quantities can be economically produced. BioForce stated in the 8-K that the Ryder Scott estimates "do not comply with the SEC Oil and Gas Industry Disclosures."
The company went further. No drilling, seismic interpretation, pressure testing or core analysis has been done. BioForce said plainly that there is no certainty any portion of the prospective resources will ever be discovered — and that commercial viability would remain unproven even if something were found. Ryder Scott's analysis, the company noted, used tools that can identify surface structures but cannot confirm whether hydrocarbons are actually present in them.
The filing does not say who would fund exploration or when any drilling might begin. What BioForce does today is unchanged: its annual report filed with the SEC describes the company's mission as providing vitamins, minerals and nutritional supplements.