---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-040838"
form_type: "8-K"
ticker: "CJMB"
cik: "0002032545"
company_name: "CALLAN JMB INC."
filed_at: "2026-08-31T20:30:46+00:00"
generated_at: "2026-08-31T20:32:29.904141+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Callan JMB unit to acquire 50% stake in Pfanenstiel oil & gas assets for $12.5M

## Summary
- Callan Power LLC, a Callan JMB subsidiary, signed Asset Purchase Agreement with The Pfanenstiel Company, LLC on Aug 26, 2026.
- Purchase price: $12.5M cash plus $1M escrow for drilling/completion costs; closing expected by Sept 30, 2026.
- Assets: 50% interest in oil and gas leases and wells in North Dakota and Montana; certain wellbores excluded.
- Closing conditions include financing, due diligence, and regulatory approvals; either party may terminate if not closed by outside date.

## SEC filing metadata
- accession: 0001493152-26-040838
- form_type: 8-K
- ticker: CJMB
- cik: 0002032545
- company_name: CALLAN JMB INC.
- filed_at: 2026-08-31T20:30:46+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2032545/000149315226040838/0001493152-26-040838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2032545/000149315226040838/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-040838
- JSON: https://secwatch.observer/filing/0001493152-26-040838.json
- Plain text: https://secwatch.observer/filing/0001493152-26-040838.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.