CNRC Reports Q2 2025 Financials Period Ending June 30, 2025; Provides Shareholder Update on Portfolio Companies
Surya Oil & Gas Corp. (OTCID: CNRC) reported Q2 2025 financial results and significant corporate updates. The company's Q2 revenue was $3.5M, down from $4.4M year-over-year, while six-month revenue reached $6.6M, up from $4.3M. The company reported a NAV of $0.15 per share.
Major developments include a change of control agreement with Aruna Holdings LLC for 80% control, new board appointments including CEO Hemal Rathod, resumption of operations across 38,000 acres in West Virginia, and uplisting to OTCID Basic Market. The company also licensed Kubera™ technology for enhanced hydrocarbon detection and engaged Harbor Access for investor relations.
Surya Oil & Gas Corp. (OTCID: CNRC) ha comunicato i risultati finanziari del secondo trimestre 2025 e importanti aggiornamenti societari. I ricavi del Q2 sono stati di $3,5M, in calo rispetto ai $4,4M dello stesso periodo dell'anno precedente, mentre i ricavi nei primi sei mesi sono saliti a $6,6M dai $4,3M. L'azienda ha dichiarato un NAV di $0,15 per azione.
Tra i principali sviluppi figurano un accordo di cambio di controllo con Aruna Holdings LLC per l'80% del capitale, nuove nomine in consiglio con l'ingresso del CEO Hemal Rathod, la ripresa delle operazioni su 38.000 acri in West Virginia e la quotazione sulla OTCID Basic Market. La società ha inoltre concesso in licenza la tecnologia Kubera™ per migliorare il rilevamento di idrocarburi e ha incaricato Harbor Access per le relazioni con gli investitori.
Surya Oil & Gas Corp. (OTCID: CNRC) informó sus resultados financieros del segundo trimestre de 2025 y novedades corporativas relevantes. Los ingresos del Q2 fueron de $3.5M, por debajo de los $4.4M interanuales, mientras que los ingresos de seis meses alcanzaron $6.6M, desde $4.3M. La compañía reportó un NAV de $0.15 por acción.
Los principales hitos incluyen un acuerdo de cambio de control con Aruna Holdings LLC para el 80% del control, nombramientos en la junta que incluyen al CEO Hemal Rathod, la reanudación de operaciones en 38,000 acres en West Virginia y el uplisting a la OTCID Basic Market. La empresa también licenció la tecnología Kubera™ para mejorar la detección de hidrocarburos y contrató a Harbor Access para relaciones con inversores.
Surya Oil & Gas Corp. (OTCID: CNRC)는 2025년 2분기 실적과 주요 회사 소식을 발표했습니다. 2분기 매출은 $3.5M으로 전년 동기 $4.4M에서 감소했으나, 상반기 매출은 $6.6M으로 $4.3M에서 증가했습니다. 회사는 주당 순자산가치(NAV)를 $0.15로 보고했습니다.
주요 내용으로는 80% 지분 인수를 위한 Aruna Holdings LLC와의 지배권 변경 합의, Hemal Rathod CEO 포함 이사회 신규 선임, 웨스트버지니아의 38,000에이커에 걸친 운영 재개, OTCID Basic Market으로의 상장(업리스트)이 있습니다. 또한 탄화수소 탐지 성능 향상을 위한 Kubera™ 기술 라이선스와 투자자 관계 관리를 위한 Harbor Access 계약도 체결했습니다.
Surya Oil & Gas Corp. (OTCID: CNRC) a publié ses résultats financiers du deuxième trimestre 2025 et des mises à jour importantes. Le chiffre d'affaires du T2 s'est élevé à $3,5M, en baisse par rapport à $4,4M l'an passé, tandis que le chiffre d'affaires sur six mois a atteint $6,6M contre $4,3M. La société a indiqué une valeur nette d'inventaire (NAV) de $0,15 par action.
Les principaux développements incluent un accord de changement de contrôle avec Aruna Holdings LLC pour 80 % du contrôle, de nouvelles nominations au conseil dont le CEO Hemal Rathod, la reprise des opérations sur 38 000 acres en Virginie-Occidentale et l'introduction en bourse sur le OTCID Basic Market. La société a également licencié la technologie Kubera™ pour améliorer la détection d'hydrocarbures et retenu Harbor Access pour les relations investisseurs.
Surya Oil & Gas Corp. (OTCID: CNRC) meldete die Finanzergebnisse für Q2 2025 sowie wichtige Unternehmensaktualisierungen. Der Umsatz im Q2 betrug $3,5M, gegenüber $4,4M im Vorjahreszeitraum ein Rückgang, während der Sechsmonatsumsatz $6,6M erreichte (zuvor $4,3M). Das Unternehmen gab einen NAV von $0,15 je Aktie an.
Wesentliche Entwicklungen umfassen eine Kontrollwechsel-Vereinbarung mit Aruna Holdings LLC über 80% der Anteile, neue Vorstandsbestellungen einschließlich CEO Hemal Rathod, die Wiederaufnahme der Aktivitäten auf 38.000 Acres in West Virginia sowie das Uplisting zur OTCID Basic Market. Zudem lizenzierte das Unternehmen die Kubera™-Technologie zur verbesserten Kohlenwasserstoff-Erkennung und engagierte Harbor Access für die Investorenkommunikation.
- None.
- Q2 revenue declined to $3.5M from $4.4M year-over-year
- Q2 earnings decreased to $1.6M from $2.8M year-over-year
- Change in control resulting in 80% ownership transfer may impact existing shareholders
- Significant management restructuring could create transitional uncertainties
- Total revenue for three months was
$ 3,503,039 $ 4,378,799 - Total earnings for three months were
$ 1,600,211 $ 2,772,965 - Total revenue for six months was
$ 6,604,871 $ 4,292,940 - Total earnings for six months were
$ 2,033,488 $ 2,706,961 - Total assets for the period were
$ 75,261,456 $ 75,334,234 - The Company recorded a net asset value (NAV) of
$0.15
The Company currently provides advisory services to its portfolio companies based on a percentage of assets under management , recognizing revenue on a quarterly basis and accepting payment in the form of securities.
SOGC announced the following corporate updates:
- The Company executed a change of control agreement for the purchase of all Series A Preferred shares by Aruna Holdings LLC, providing at least
80% control of the Company and is accompanied by additional related agreements . The transaction s are expected to be completed in the third quarter. - The Company agreed to appoint Manish Patel and Hemal Rathod to the Board of Directors joining Frank Kristan who remains a Director. Subsequently , Hemal Rathod was appointed Chief Executive Officer and Michael R. Gavenchak was appointed as President. Ryan Cuningham continues to serve as General Manager of the Company's subsidiary, Cunningham Energy LLC.
- The Company announced the recommencement of field operations across its core acreage of 38,000 acres in
West Virginia . Initial work includes road and site development aimed at optimizing production from existing oil wells and for future drilling activity. - The Company engaged Harbor Access, a strategic investor relations firm known for its work with high-growth and international issuers. This partnership is intended to enhance market visibility, strengthen communication with existing shareholders, and support outreach to investors as the Company advances its expansion strategy.
- The Company upgraded to the OTCID Basic Market from the OTC Pink Current effective July 1, 2025, reflecting the Company's commitment to stronger governance and long-term growth. The OTCID tier requires timely financial disclosures, annual management certification, and ongoing compliance, providing investors with a more transparent platform.
- The Company agreed to license the proprietary Kubera™ technology from Aruna Holdings, LLC 's subsidiary, Surya Energy Services LLC ("Surya"). Surya's Kubera™ technology provides cutting-edge hydrocarbon detection with significantly greater accuracy and efficiency than conventional methods.
- Worldwide Diversified Holdings, Inc is pursuing a potential acquisition of a public trading company to facilitate public trading of its common shares along with the filing of Form 15c211.
About Surya Oil & Gas Corp.
Surya Oil & Gas Corp. (OTCID: CNRC), is a portfolio company of Aruna Holdings LLC, focused on advancing traditional oil and gas development alongside strategic investments in the energy and digital transition. With a global investment mandate, Surya Oil & Gas prioritizes sustainability, operational efficiency, and long-term value creation.
About Surya Energy Services, LLC
Surya Energy Services LLC, 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 the KUBERA™ trademark.
About Aruna Holdings LLC
Aruna Holdings LLC owns an
Corporate Contact:
Hemal Rathod, Chief Executive Officer
Surya Oil & Gas Corp.
Investor and Media Contact:
Investor Relations
Jonathan.Paterson@harbor-access.com
Tel +1 475 477 9401
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SOURCE Surya Oil & Gas Corp.
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