AZURE HOLDING GROUP and VISION Oil And Gas Preliminary Geological and Engineering Estimates of Potentially $2.0 Billion in Oil Reserves in the Company's Devonian Deep Rights

Rhea-AI Summary

Azure Holding Group (OTCID:AZRH) has announced preliminary geological and engineering evaluations of its Cochran County Assets, revealing an estimated $2.0 billion in recoverable oil reserves in the Devonian (Woodford Shale). The company plans to drill at least 200 of its 373 existing well bores, across 500 total well locations.

The drilling program is expected to cost between $500,000 to $1.2 million per well. Azure plans to commence its first Devonian oil well in Q2 2026, alongside its current secondary and tertiary enhanced oil recovery efforts in the San Andreas formation. The company's strategy leverages its strategic position, with 8 offsetting wells within 2,000 to 8,000 feet of their current acreage.

Positive

• Estimated $2.0 billion in recoverable oil reserves identified
• Large-scale drilling potential with 373 existing well bores and 500 total well locations
• Strategic location with 8 offsetting wells nearby, validating potential
• Relatively modest per-well costs ($500,000 to $1.2 million) compared to potential returns

Negative

• Significant capital expenditure required for drilling program
• Project execution not starting until Q2 2026
• Estimates are preliminary and subject to revision
• Success dependent on consistent oil prices and drilling results

AZURE HOLDING GROUP and Vision Oil And Gas has conducted extensive preliminary geological and engineering to evaluate the potential in the company's deep mineral rights associated with their Cochran County Assets, with estimates yielding potentially $2.0 Billion in recoverable Oil Reserves

LUBBOCK, TEXAS / ACCESS Newswire / September 15, 2025 / Azure Holding Group and Vision Oil And Gas (OTCID:$AZRH) announced this morning that it has conducted extensive preliminary geological and engineering to evaluate the potential in the company's deep mineral rights associated with their Cochran County Assets, with estimates yielding potentially $2.0 Billion in recoverable Oil Reserves in the Devonian (Woodford Shale).

The Group anticipates that the average AFE on a per well basis will range between $500,000 to $1.2 Million, as the group intends to drill at least 200 of the company's 373 existing well bores, across 500 total well locations, to penetrate it's Deep Mineral Rights on an economical basis and in addition to it's current secondary and tertiary enhanced oil recovery efforts that are currently underway in the San Andreas formation, where the company's wellbores are currently drilled to. The group is currently preparing it's multi-year plan, and intends to kickoff its first Devonian oil well in the 2nd quarter of 2026.

"When we initially purchased the Cochran County assets, we had a VISION. That VISION was backed by 30 years of experience as a Geologist in Texas, and I am very excited about the road we have ahead of us," said Azure Holding Group and Vision Oil And Gas Chairman, Rodolfo Tijerina.

"West Texas has the best Rock in America. As a Nation, we have barely scratched the surface. We are in the preliminary stages now of designing what we believe will be the most prolific Oil Exploration Effort in Cochran County history. Studying the Wildcatters within the county over the course of time led us to these conclusions, and fortunately for us, we can point to 8 offsetting wells that are within a 2,000 to 8,000 Feet of our current acreage position. As we embark on developing these fields to their maximum production potential, we wouldn't be able to do this without local legends and service providers like Cody Jackson, Brendan Jackson, Sam Spruiell, Chris Dawson, Will Reed, and Cory Jones just to name a few," said Azure Holding Group and Vision Oil And Gas Chief Executive Officer, Josh Cohen

For further information, please visit the companies website at www.oilfieldservices.ai or reach out to Josh Cohen at (917) 584-7042 or by email at jcohen@visionoilandgas.com.

About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of it's capital program to enable organic growth.

SOURCE: Azure Holding Group Corp.

View the original press release on ACCESS Newswire

FAQ

What is the estimated value of oil reserves in Azure Holding Group's (AZRH) Cochran County Assets?

Azure Holding Group has estimated $2.0 billion in recoverable oil reserves in the Devonian (Woodford Shale) formation of their Cochran County Assets.

How many wells does Azure Holding Group (AZRH) plan to drill in Cochran County?

The company plans to drill at least 200 of its 373 existing well bores, across a total of 500 well locations.

What is the cost per well for Azure Holding Group's (AZRH) drilling program?

The average Authorization for Expenditure (AFE) per well is expected to range between $500,000 to $1.2 million.

When will Azure Holding Group (AZRH) begin drilling its first Devonian oil well?

The company plans to begin drilling its first Devonian oil well in the second quarter of 2026.

Where are Azure Holding Group's (AZRH) oil assets located?

The company's assets are located in Cochran County, West Texas, with 8 offsetting wells within 2,000 to 8,000 feet of their current acreage.