CNRC Announces Change in Control, New Management and the Deployment of the Cutting-Edge KUBERA™ Technology to Enhance Oil and Gas Detection and Exploration
Cunningham Natural Resources Corp (OTC: CNRC) has announced a major transformation with Aruna Holdings LLC acquiring an 80% ownership stake in the company. The deal includes a name change to Surya Oil and Gas Corp and brings significant changes to leadership and technology capabilities.
Key aspects of the transformation include the deployment of Surya Energy Services' proprietary Kubera™ technology, which boasts up to 95% effectiveness in hydrocarbon detection. The company is securing investment commitments of up to $1 billion, with $50 million allocated for well development in West Virginia, Texas, and other states.
The new leadership team includes Chairman Manish Patel, CEO Hemal Rathod, and continuing Director Frank Kristan. The company plans to register with oil and gas partners in India for energy trading and investment opportunities, aligning with the India-USA bilateral trade agreement (Mission 500) that aims to increase trade from $190 billion to $500 billion by 2030.
Cunningham Natural Resources Corp (OTC: CNRC) ha annunciato una trasformazione significativa con Aruna Holdings LLC che acquisisce l'80% delle quote societarie. L'accordo prevede anche un cambio di nome in Surya Oil and Gas Corp e introduce importanti cambiamenti nella leadership e nelle capacità tecnologiche.
Tra gli aspetti chiave della trasformazione c'è l'implementazione della tecnologia proprietaria Kubera™ di Surya Energy Services, che garantisce un'efficacia fino al 95% nel rilevamento degli idrocarburi. La società sta assicurando impegni di investimento fino a 1 miliardo di dollari, di cui 50 milioni di dollari destinati allo sviluppo di pozzi in West Virginia, Texas e altri stati.
Il nuovo team dirigente comprende il Presidente Manish Patel, l'Amministratore Delegato Hemal Rathod e il Direttore Frank Kristan che continua nel suo ruolo. L'azienda intende registrarsi con partner petroliferi e del gas in India per opportunità di trading energetico e investimenti, in linea con l'accordo bilaterale India-USA (Mission 500) che punta a incrementare gli scambi commerciali da 190 a 500 miliardi di dollari entro il 2030.
Cunningham Natural Resources Corp (OTC: CNRC) ha anunciado una transformación importante con la adquisición del 80% de la propiedad por parte de Aruna Holdings LLC. El acuerdo incluye un cambio de nombre a Surya Oil and Gas Corp y trae cambios significativos en el liderazgo y las capacidades tecnológicas.
Aspectos clave de la transformación incluyen el despliegue de la tecnología propietaria Kubera™ de Surya Energy Services, que ofrece hasta un 95% de efectividad en la detección de hidrocarburos. La empresa está asegurando compromisos de inversión de hasta 1.000 millones de dólares, con 50 millones de dólares destinados al desarrollo de pozos en Virginia Occidental, Texas y otros estados.
El nuevo equipo directivo incluye al presidente Manish Patel, al CEO Hemal Rathod y al director continuista Frank Kristan. La compañía planea registrarse con socios de petróleo y gas en India para oportunidades de comercio energético e inversión, alineándose con el acuerdo bilateral India-EE.UU. (Misión 500) que busca aumentar el comercio de 190.000 a 500.000 millones de dólares para 2030.
Cunningham Natural Resources Corp (OTC: CNRC)는 Aruna Holdings LLC가 회사 지분 80%를 인수하며 대대적인 변화를 발표했습니다. 이번 거래에는 Surya Oil and Gas Corp로의 사명 변경과 함께 리더십 및 기술 역량에 큰 변화가 포함되어 있습니다.
변화의 주요 내용으로는 Surya Energy Services의 독자적인 Kubera™ 기술 도입이 있으며, 이 기술은 탄화수소 탐지에서 최대 95%의 효율성을 자랑합니다. 회사는 최대 10억 달러의 투자 약속을 확보하고 있으며, 그 중 5천만 달러는 웨스트버지니아, 텍사스 및 기타 주의 유정 개발에 할당됩니다.
새로운 경영진에는 회장 Manish Patel, CEO Hemal Rathod, 그리고 계속해서 이사직을 맡는 Frank Kristan이 포함됩니다. 회사는 인도에서 석유 및 가스 파트너들과 에너지 거래 및 투자 기회를 위해 등록할 계획이며, 이는 2030년까지 무역액을 1,900억 달러에서 5,000억 달러로 확대하는 인도-미국 양자 무역 협정(Mission 500)과 일치합니다.
Cunningham Natural Resources Corp (OTC: CNRC) a annoncé une transformation majeure avec l'acquisition de 80 % des parts de la société par Aruna Holdings LLC. L'accord comprend un changement de nom en Surya Oil and Gas Corp et entraîne des changements significatifs dans la direction et les capacités technologiques.
Les éléments clés de cette transformation incluent le déploiement de la technologie propriétaire Kubera™ de Surya Energy Services, qui offre une efficacité allant jusqu'à 95 % dans la détection des hydrocarbures. L'entreprise sécurise des engagements d'investissement pouvant atteindre 1 milliard de dollars, dont 50 millions de dollars sont alloués au développement de puits en Virginie-Occidentale, au Texas et dans d'autres États.
La nouvelle équipe dirigeante comprend le président Manish Patel, le PDG Hemal Rathod et le directeur actuel Frank Kristan. La société prévoit de s'enregistrer auprès de partenaires pétroliers et gaziers en Inde pour des opportunités de commerce énergétique et d'investissement, conformément à l'accord commercial bilatéral Inde-États-Unis (Mission 500) qui vise à augmenter le commerce de 190 à 500 milliards de dollars d'ici 2030.
Cunningham Natural Resources Corp (OTC: CNRC) hat eine bedeutende Umstrukturierung angekündigt, bei der Aruna Holdings LLC 80 % der Unternehmensanteile übernimmt. Der Deal beinhaltet eine Umbenennung in Surya Oil and Gas Corp und bringt wesentliche Veränderungen in der Führung und den technologischen Fähigkeiten mit sich.
Wesentliche Aspekte der Transformation sind der Einsatz der firmeneigenen Kubera™-Technologie von Surya Energy Services, die eine Wirksamkeit von bis zu 95 % bei der Kohlenwasserstofferkennung bietet. Das Unternehmen sichert sich Investitionszusagen von bis zu 1 Milliarde US-Dollar, wobei 50 Millionen US-Dollar für die Erschließung von Bohrstellen in West Virginia, Texas und anderen Bundesstaaten vorgesehen sind.
Das neue Führungsteam besteht aus dem Vorsitzenden Manish Patel, dem CEO Hemal Rathod und dem weiterhin amtierenden Direktor Frank Kristan. Das Unternehmen plant, sich bei Öl- und Gaspartnern in Indien für Energiehandel und Investitionsmöglichkeiten zu registrieren und orientiert sich dabei an dem bilateralen Handelsabkommen Indien-USA (Mission 500), das den Handel von 190 auf 500 Milliarden US-Dollar bis 2030 steigern will.
- Acquisition of cutting-edge Kubera™ technology with up to 95% effectiveness in hydrocarbon detection
- Secured potential investment commitments of up to $1 billion, with $50 million for well development
- Strategic alignment with India-USA bilateral trade agreement (Mission 500)
- New management team brings over 100 years of combined industry expertise
- Existing well infrastructure reduces costs for accessing new reserves
- Significant ownership dilution with 80% stake being acquired by Aruna Holdings LLC
- Substantial organizational changes may lead to integration challenges
The Company's new Board of Directors is led by seasoned businessman and Chairman Manish Patel. Mr. Patel is joined by Director and new Chief Executive Officer, Hemal Rathod, a former banker and successful businessman and entrepreneur, and Director Frank Kristan, who will provide continuity to the Company's past operations and organization. CNRC's new Management Team is comprised of industry veterans from the energy, healthcare, hospitality, banking and legal industries, collectively bringing over 100 years of aggregated expertise in emerging and established markets, The Company's President, Michael R. Gavenchak, is a former practicing attorney, business owner, and experienced operational executive. Ryan Cuningham, with over 20 years' experience in the oil and gas industry, will continue as General Manager of the Company's subsidiary, Cunningham Energy LLC.
With Aruna Holdings' participation comes its association with Surya. Surya developed and administers its proprietary Kubera™ technology around the World. Surya's Kubera™ technology provides cutting-edge hydrocarbon detection with far better effectiveness than any other technology available, redefining drilling efficiency with the success rates for new well drilling at an impressive up to
Following an in-depth initial review of Cunningham's current leases, Kubera technology analysts have already pinpointed significant opportunities to expand and optimize resource extraction. The existence of dozens of Cunningham wells will reduce the costs to tap those reserves, since new wells will not need to be started in many cases. As a result, this acquisition will transform the operational landscape of CNRC and facilitate a rapid uplift in energy production and technological integration across the industry.
The acquisition comes at a pivotal time in view of broader strategic global developments like the
The Company's new name will be Surya Oil & Gas Corp. It plans to register with existing oil and gas partners in
Frank Kristan, CNRC Director, commented on the strategic acquisition: "Meeting with Surya's partners in
Mr. Rathod, regarding Surya and its proprietary detection technology, added, "Aruna's participation in CNRC and the Company's new management team positions CNRC at the forefront of technological advancement in oil and gas exploration. Surya's Kubera™ technology is a game changer, and this partnership signifies a huge leap forward for both CNRC and Surya as we work to maximize growth, asset potential and revenue, while supporting the ambitious targets of Mission 500."
This acquisition marks a significant milestone in the energy sector, signaling a new era where innovative drilling technology meets strategic global partnerships. All parties involved believe Surya Oil and Gas Corp. will set new benchmarks in efficiency and production, heralding impactful outcomes for investors, stakeholders, and the broader energy ecosystem.
About Cunningham Natural Resources Corp.
Cunningham Natural Resources Corp. (www.suryaoilgas.com), soon to be renamed Surya Oil & Gas Corp. will be focused on traditional oil and gas opportunities and energy transition materials, including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.
About Surya Energy Services, LLC
Surya Energy Services, LLC ("Surya"), a wholly owned subsidiary of Aruna Holdings LLC, operates with next generation carbon neutral oil and gas survey and production networks. Surya developed and operates its own proprietary technology under Surya's KUBERA™ trademark. Surya's proprietary Kubera™ technology locates hydrocarbon reserves in a socially responsible way with as much as
About Aruna Holdings LLC
Aruna Holdings LLC has diverse and associated business interests in the health and wellness, real estate, hospitality, oil and gas, alternative energy, and data center development sectors.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
Contact:
Cunningham Natural Resources Corp
500 Virginia Street East, 10th Floor.
Phone: (304) 244-4862
E-mail: info@suryaoilgas.com
Twitter: https://twitter.com/CunninghamCorp
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