Leopard Energy, formerly focused on mobile apps, refocused on the U.S. energy sector following Zenith Energy’s acquisition of controlling shares in 2023. Its initial investment was a 5% royalty interest in seven Eagle Ford Shale wells in early 2024, marking entry into passive oil revenue generation. FY2025 showed revenue growth but persistent operating losses and strained liquidity. The company operates with minimal staff and depends on external consultants. Growth prospects depend on further acquisitions financed primarily by Zenith Energy amid competitive pressures and tight financial resources.