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Elephant Oil Corp
Pennzoil Place, 700 Milam, Suite 1300
Phone: (480) 993-8933p:480 993-8933 HOUSTON, TX  77002  United States
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Elephant Oil Corp is a United States-based company. The Company is engaged in oil and gas exploration and development focused on underexplored areas onshore in West Africa. It is also focused on the acquisition, exploration, appraisal, and development of existing and new opportunities in Africa, including identifying, capturing, and testing additional high-potential prospects to grow resources and develop reserves.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20226/30/2022YesYes---

Industries
SIC Code Description
1311 Crude petroleum and natural gas
1389 Oil and gas field services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board StephenStaley 63 11/1/2021 11/1/2021
Chief Executive Officer, Secretary, Director MatthewLofgran 47 10/31/2021 4/30/2021
Chief Financial Officer LanreOloniniyi 42 10/1/2021 10/1/2021
3 additional Officers and Directors records available in full report.

Business Names
Business Name
Elephant Oil Benin SA
Elephant Oil Limited

General Information
Number of Employees: 3 (As of 3/8/2023)
Outstanding Shares: 14,463,692 (As of 3/9/2023)
Federal Tax Id: 863759087


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Saturday, July 27, 2024