Press Releases

Verde Bio Holdings Provides First Quarter Corporate Update

FRISCO, TX - (NewMediaWire) - September 19, 2023 - Verde Bio Holdings, Inc. (OTC: VBHI), an emerging oil and gas royalty company, today issued its first quarter shareholder update, along with its 10-Q filing with the highlights of the quarter and a discussion of its future prospects. The Company remains optimistic about the oil and gas industry’s macro growth prospects and the opportunistic acquisition opportunities that the current and foreseeable environment may provide for the Company. The Company believes that the extended decline in pricing is an ideal environment to capitalize on opportunities to accelerate its next phase of growth. With acquisition opportunities that current lower prices present and as commodity prices rise again in the future, so does the Company’s revenue on a relative basis with no increased cost to Verde. Management believes the Company is very well positioned for the next phase of its growth. Commenting on the results, CEO Scott Cox said:"We remain strongly focused on consistent execution on our growth initiatives as we continue to engage in the strategic expansion of our low-risk, long-life, low-decline asset acquisition model. Our differentiated and value focused business model continues to deliver exceptional results. The pullback in commodity prices provides for attractive acquisitions that fit within our core focus and we remain actively engaged. With our transition into a more traditional E&P company which holds a significant portfolio of revenue producing royalties well underway, we are very excited about our prospects. We look forward to this next phase of growth as we streamline operations and push towards revenue growth and profitability.First Quarter Key Highlights The Company remains focused on the consistent execution of its business model and is pleased to share the below highlights: Total Reserves as of 07/31/2023 were $1.79 million PV-10 value based upon SEC required pricing at $78.37/bbl oil and $4.08/MMBTU/ of Natural Gas.Total Adjusted Revenue of $75,694. This revenue is net of non-cash adjustments of recorded depletion expense of $56,083 during the first quarter, which represents the proportionate use of the produced units in the properties relative to proven and probable reserves. Further the revenue is net of depreciation expense of $15,483. Revenue was down due to lower natural gas prices during the quarter given our portfolio is currently heavily weighted to gas. However, the Company is looking forward to higher gas prices as we go into the fall and winter and the new wells that will be coming online in its Haynesville Shale properties in the near future.Portfolio Highlights and Acquisition ActivityTo date, the Company has made over 18 acquisitions of revenue producing properties and recently announced an option to acquire another. The Company currently has revenue producing royalty interests in over 400 wells under operators such as SWN Energy, EOG, Civitas, Ovintiv, Aethon, Ascent, Chesapeake, Petro Operating and other major, well-funded operators.Verde continues to have a healthy pipeline of new deal-flow and is evaluating potential acquisitions which complement its portfolio, as well as seeking opportunistic divestments in which it can make large profits, while actively managing the portfolio to maximize revenue based on current commodity environments. Active management also includes seeking divestment of low-performing assets to free up needed cash for reinvestment into better performing and higher growth potential assets. As the Company recently announced, it sold 55% of 3 lower performing assets for ~$398,750 and believes the balance will close in the near future.The Company remains focused on execution and is prudently investing in its continued growth, with an emphasis on creating a dynamic and profitable company and focusing on delivering exceptional results for all shareholders. About Verde Bio Holdings, Inc.Verde Bio Holdings, Inc. (OTC: VBHI) is an oil and gas company engaged in the acquisition and management of mineral and royalty interests in lower ...

Verde Bio Holdings Provides Fiscal Year End Corporate Update

FRISCO, TX - (NewMediaWire) - August 02, 2023 - Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas company, today issued its fiscal year end shareholder update.To our valued friends and shareholders, we hope that this finds you well and enjoying the summer. We at Verde continue to execute our strategy and are pleased to provide a corporate update along with our 10-K filing with the highlights of the past year and what is in store for the future.As a new fiscal year begins for us, I would like to share some of our successes over the past year and objectives for the coming year. As I have stated many times in my prior press release, our focus is on creating long term shareholder value and this past year transformed Verde into a true oil and gas company with tremendous opportunity with a proven strategy to capture it. We continue to be very bullish on oil and gas and the future of Verde as a growing and profitable company. We are very excited as we embark on a new year.Major Highlights in Fiscal year 2023●      No outside long or short term debt●      Increased Revenue by over 29% from the same time last year●      Engaged an investment bank (announced April 20th)●      Acquired over 18 revenue producing properties●      Decreased overall expenses, (excluding one-time charges)●      Hired an experienced IR firm to help with communications●      Strategic divestitures of non-core lower performing assetsCommenting on the results, CEO Scott Cox said:"I'm pleased to report another year of consistent execution towards our growth initiatives driven by the strategic expansion of our low-risk, long-life, low-decline asset acquisition model into complementary acquisitions. These transactions enhanced our scale, enlarged our portfolio and created strategic optionality across our expanded operations. Our 2023 results reflect strong revenue growth of 29% and we look forward additional growth in FYE 2024. We remain focused on the growth of our portfolio and revenues as well as overall profitability. Our differentiated and value focused business model delivered an exceptionally strong year and the company performed very well given the short amount of time we have been in control of the Company.Key HighlightsIn November 2019, we took over the company which was severely out of compliance due to filings with SEC, no revenue and heavy debt. We brought the company back into compliance and raised capital through a Reg A Offering which was fully subscribed by May 2021. Beginning in March of 2021, we began deploying that capital and have closed 18 revenue producing acquisitions to date and cleaned up the balance sheet by retiring a significant amount of toxic convertible debt that we inherited with the takeover of the Company. So as a reminder of the consistent execution of our business model, in a little over 3.5 years we went from the above to the highlights below:●      Total Adjusted Revenue up 29% year over year to $926,099 compared to $719,998 in 2022 net of taxes and other costs to our properties. Also of note, revenue for the latter half of the year was based upon significantly lower commodity prices compared to higher prices in first half.●      Total Reserves as of 4/30/2023 were up to $2.95 million based upon SEC required pricing at $89/bbl oil and 5.67/mcf of Natural Gas, a ~11% increase from last year.●      Net loss of $1,639,926 compared to a 2022 net loss of $3,150,120, a ~48% decrease year over year. This is inclusive of non-cash adjustments for 2023 of $464,634 due to a depletion expense to the company of $464,634 compared to $565,726 in 2022. Also included in the loss for this year was $325,000 in non-refundable deposits for the large Haynesville Shale acquisition that we were unable to complete due to a lack of suitable funding in the debt markets.Portfolio Highlights and Acquisition Activity:To date, we have made over 18 acquisitions of revenue producing properties. Our current portfolio consists of the following:Revenue producing interest in over 400 wells under Operators such as, SWN Energy, EOG, Civitas, ...

Verde Bio Holdings, Inc. Announces Opportunistic Divestiture of Assets

– Divestiture Includes Parts of 3 Non-core Properties –FRISCO, TX - (NewMediaWire) - June 27, 2023 - Verde Bio Holdings the, Inc. (OTC: VBHI), a growing and dynamic oil and gas Company, today announced that it has closed on the sale of 55% interest in three of its non-core lower performing assets for $398,750 to a private buyer. The transaction closed on 6/23/2023 with an effective date of June 1, 2023. The Company plans to reinvest the proceeds from this transaction into higher performing assets.“This is a great example of responsible portfolio management and solid execution of our business model,” Mr. Cox, CEO of Verde, stated. “Our strategic acquisition strategy allowed us to purchase these assets at historically low prices and then monetize them as commodity prices rose to recent highs. The high commodity price environment allowed us to analyze our properties and identify out of favor assets to sell as well as key areas to reinvest the proceeds. We will continue to be opportunistic for our shareholders when a situation, such as this, presents itself. Our goal is to build a high-performance portfolio with active management of our assets. At times, this will allow us to prune our lower performing properties and reinvest the capital into better performing assets with higher upside potential of new drilling and development. As we have been cultivating a large pipeline of potential acquisitions in the buy-side markets we have also been focused on developing a sell-side market in retail channels including the 1031 Exchange markets.”“We plan to reinvest all proceeds from this transaction, and we continue to evaluate a number of other potential acquisitions. We pride ourselves on the ability to be both creative and flexible in this highly lucrative energy market. We are very pleased with our portfolio of assets, and the combined growth in revenue and development of new wells while continuing to analyze our portfolio for opportunities of potential divestment of other non-core assets at significant profits.”About Verde Bio Holdings, Inc.Verde Bio Holdings, Inc. (OTC: VBHI) is an Energy Company based in Frisco, Texas, engaged in the acquisition and management of Mineral and Royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of revenue producing royalty interest and strategic and opportunistic non-operated working interests.Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2021 Annual Report on Form 10-K and quarterly reports on Form 10-Q.Contact:Kirin Smith, PresidentPCG Advisory, Inc.ksmith@pcgadvisory.com  View the original release on www.newmediawire.com

Verde Bio Holdings Announces Engagement of Investment Bank and Corporate Update

FRISCO, TX - (NewMediaWire) - April 20, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI) (www.verdebh.com) today announced today that it has engaged a New York based investment banking firm to act as advisor, lead underwriter, and deal manager for any future public offering and simultaneous up-listing as well as highlighting and exposing VBHI to the broader based investment community.Scott Cox, VBHI CEO, declared, "We are very pleased with this opportunity and look forward to a long-term successful investment banking relationship. With VBHI currently trading at approximately 1/5 of its asset value, we believe this relationship will provide us with more exposure to the investment community as well as allowing the Company to scale and grow aggressively due to the long-term expected demand of oil and natural gas, both domestically and internationally.“This extremely significant partnership will allow VBHI to leverage the Bank’s expertise and strong network of clients and investors in order to expand VBHI's current portfolio and provide the continued exposure needed to achieve its ambitious future milestones, including preparing VBHI for its filing to list on a major exchange."Corporate News:As discussed previously, The Company has filed for a Reverse Split and Name Change.At this time, we continue to work with the regulatory agencies to bring this to effectiveness and will provide an update as soon as we receive the approval. This is a great positive step forward for the company and will position it well.Portfolio News:With the continued sustained higher oil and gas prices, our well count continues to rise. Recently, the company received notice of over 6 new wells being brought online on its oil and gas properties. The main areas of new development continue to be on the company’s Permian Basin and Haynesville shale which adds a solid balance of oil and gas new development to the Company’s portfolio. The Company is currently evaluating its portfolio for the potential sale of non-core assets in other areas which will allow for reinvestment of those proceeds into the higher growth areas.“With oil and gas commodity prices still trending at elevated levels, new oil and gas wells on our properties equates to more revenues for VBHI and for its investors and does not require any additional investment by VBHI, as the mineral and royalty owner,” said Scott Cox, Verde Bio Founder and CEO.  “We have been and continue to be diligent in buying properties at the right-price and in the right areas, thus the Company and its investors reap the benefits of the rise in commodity pricing as well as the continued development of our acreage.”About Verde Bio Holdings, Inc.Verde Bio Holdings, Inc. (OTCQB: VBHI) is an Energy Company based in Frisco, Texas, engaged in the acquisition and development of high-growth mineral rights and select non-operated working interests in premier US basins. Verde currently owns producing mineral, royalty and over-riding royalty interests in the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Anadarko Basin of Oklahoma, the Delaware and Permian Basin of Texas and the Marcellus and Utica shales in West Virginia. The Company is focused on providing strong shareholder returns through asset growth generated by our acquisitions and opportunistic divestiture of revenue producing assets.Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development ...

Verde Bio Holdings Provides Third Quarter Corporate Update

FRISCO, TX - (NewMediaWire) - March 20, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas royalty company, today issued its third quarter shareholder update, along with its 10-Q filing with the highlights of the Quarter and what is in store for the future. The Company remains optimistic on the oil and gas industry’s growth prospects and its opportunistic acquisition opportunities. Verde has built an excellent portfolio to date and is excited about the recent decline in pricing as it looks to capitalize on unique opportunities into its next phase of growth. With acquisition opportunities that current lower prices present and as commodity prices rise again, so does the Company’s revenue on a relative basis with no increased cost to Verde. Management believes the Company is very well positioned for the next phase of its growth and is attractively priced at its current valuation; trading at approximately 1/5th of its asset base. Commenting on the results, CEO Scott Cox said:"I'm pleased to report another quarter of consistent execution towards our growth initiatives driven by the strategic expansion of our low-risk, long-life, low-decline asset acquisition model. Looking forward, we are focused on the growth of our portfolio and revenues as well as overall profitability. The recent pullback in commodity prices is providing for attractive acquisitions that fit within our core focus. Additionally, our differentiated and value focused business model continues to deliver exceptional results. As the Company transitions into a more traditional E&P company which holds a significant portfolio of revenue producing royalties, we are very excited about our future. We look forward to this next phase of growth as we streamline operations and push towards profitability and growth. Over the coming months, we also plan to begin divesting of our non-core properties as we become laser focused on solely minerals and royalties.” Third Quarter Key HighlightsThe Company remains focused on the consistent execution of its business model and is pleased to share the below highlights:Total Reserves as of 01/31/2023 were $3.29 million PV-10 value based upon SEC required pricing at $92.01/bbl oil and $6.19/MMBTU/ of Natural Gas.Total Adjusted Revenue of $170,312 compared to revenues of $301,567 for the three months ended January 31, 2022. Further, as part of the revenues generated from the oil and gas properties, the Company recorded depletion expense of $84,700 during the three months ended January 31, 2023, compared to depletion expense of $227,256 during the period ended January 31, 2023, which represents the proportionate use of the produced units in the properties relative to proven and probable reserves. The overall decrease in depletion expense is reflective of the overall slowed pace of investment in royalty properties due to the high commodity priced environment as of late. The Quarter was somewhat quiet for the Company with acquisitions but was ripe with activity as it transforms for its next phase of growth. Revenue was down for the quarter due to a decline in commodity prices as well as lower production in areas such as the Haynesville and the Permian due to wells being shut in and taken off-line while new wells are completed and fracked nearby. While it does protect Verde’s wells, it also can cause up to a multi-week disruption in production and thus revenue to the Company. The Company continues to strive toward its goal of profitability. Net loss for the quarter was $414k which included a one-time expense of $150k for unrecoverable deposits made on properties that it did not ultimately close as well as significantly higher legal and accounting costs associated with the reverse split and name change it recently announced. Portfolio Highlights and Acquisition Activity:To date, the Company has made over 18 acquisitions of revenue producing properties and recently announced an option to acquire another. The Company currently has revenue producing royalty interests in over 400 wells under operators such as, SWN Energy, ...

Verde Bio Holdings, Inc. Announces Acquisition of Haynesville Shale Mineral and Royalty Interest

Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana FRISCO, TX - (NewMediaWire) - February 21, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to acquire revenue producing mineral and royalty interests in the prolific Haynesville Shale of Northern Louisiana, held by a private seller for a purchase price of $425,000 in cash. The Company continues to build a diversified, revenue producing portfolio of high-quality assets. Today’s announcement marks the nineteenth acquisition by Verde to date.This interest acquired by Verde currently produces approximately $10,000 per month in revenue and Verde is entitled to the cash flow from production attributable to the acquisition beginning on or after February 1, 2023. The acquisition is set to close on or before April 15, 2023.The interest being acquired covers approximately 1,200 gross acres in Desoto Parish, LA and is operated by E&P leader, Southwestern Energy. Currently, there are 8 wells producing from the Haynesville formation and a number of inactive wells, which will likely be reworked and brought online in the near future, along with an excellent outlook for more wells on the acreage given Southwestern’s aggressive drilling schedule and well performance in the immediate area of the acreage being acquired.Scott Cox, CEO of Verde, said, “We are excited about the interests being acquired through this acquisition especially as deals like this are difficult to find at fair prices. We continue to build a strong pipeline of quality acquisitions in conjunction with our upcoming reverse split and name change as we strategically source the best capital for our next phase of growth. This is a great natural gas addition to our portfolio and we are proud to have built a Company which is creative and flexible enough to take advantage of these deals when they become available.”Mr. Cox added: “We have great confidence in these assets, as well as the Haynesville and we look forward to jointly benefiting as they continue to operate and develop the resource. Southwestern is a highly reputable, active and well-funded operator and we are very pleased that this is one of their core areas. We have high expectations for this property and its future. With the LNG terminals coming online in Texas and Louisiana we are very bullish on natural gas and plan to add much more to our portfolio while commodity prices have dipped from recent highs.”“Acquisitions like this continue to confirm our growth plan of acquiring diversified minerals and royalties and building a strong portfolio while taking advantage of the current buyer’s market. We remain focused on executing our business plan and creating long-term value for our shareholders. Through our balanced approach of capital raising and acquisitions, we are building a highly diversified portfolio of revenue producing interests and look forward to continuing to build on these through future strategic acquisitions,” Mr. Cox concluded.About Verde Bio Holdings, Inc.Verde Bio Holdings, Inc. (OTCQB: VBHI), is a growing U.S. Energy Company based in Frisco, Texas, engaged in the acquisition and development of high-growth mineral rights and select non-operated working interests in premier US basins. Verde currently owns producing mineral, royalty and over-riding royalty interests in the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Anadarko Basin of Oklahoma, the Delaware and Permian Basin of Texas and the Marcellus and Utica shales in West Virginia. The Company is focused on providing strong shareholder returns through asset growth generated by our acquisitions of revenue producing assets. For more information, go to: www.verdebh.comSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995:Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the ...

Verde Bio Holdings Announces New Drilling Occurring on its Properties

FRISCO, TX - (NewMediaWire) - February 9, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas company, today announced that with the sustained higher oil and gas prices, its well count continues to rise. Recently, the company has received notice of over 8 new wells being brought online on its oil and gas properties. The main areas of continued new development are on the company’s Permian Basin, Haynesville shale properties which allows a solid mix of oil and gas new development. A well being brought online indicates a new producing well and a permit indicates an intention to drill. With the addition of these wells, the company now has over 500 producing wells in its portfolio.   Scott Cox, Founder and CEO, stated, “We are seeing significant growth in our Haynesville Shale acreage, where Southwestern and Chesapeake continue development at a blistering pace. The Company recently received notices of multi-unit horizontal wells in Desoto Parish. The Permian Basin of Texas also continues to be active with SEM continuing to drill and bring new wells online in Crockett County as well as Ovintiv and their continued development of the Company’s Howard County acreage. With oil and gas commodity prices still trending at elevated levels, new oil and gas wells on our properties equates to increased revenues and do not require any additional investment by VBHI, as the mineral and royalty owner.  Additionally, we continue to be diligent in buying properties at the right price and in the right areas, to ensure the Company and its investors reap the benefits of the rise in commodity pricing as well as the continued development of our acreage.” The Company recently announced a Reverse Split and Name Change. This is a positive step forward for the company and will position it well for the capital markets. The new stock pricing and tightening up of the issued and outstanding shares will help attract institutional and other types of investors. The Company is also currently evaluating banks and options for a capital raise once the reverse split and name/ticker change become effective, which will allow the company to acquire new assets at lower pricing as well as take advantage of the upcoming LNG export boom with natural gas acquisitions.  On a Corporate note, we continuously review new deals for acquisition and are steadily working through the reserve report valuation of our assets and the accounting of the Company for our upcoming 10-Q.  About Verde Bio Holdings, Inc. Verde Bio Holdings, Inc. (OTC: VBHI) is an Energy Company based in Frisco, Texas, engaged in the acquisition and management of Mineral and Royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of revenue producing royalty interest and strategic and opportunistic non-operated working interests. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2021 Annual Report on Form 10-K and quarterly reports on Form 10-Q. Contact:Kirin Smith, PresidentPCG Advisory, ...