Surya Oil & Gas Recommences Field Operations Across Core Acreage in West Virginia
Surya Oil & Gas Corp. (OTCID: CNRC) has announced the restart of field operations across its 38,000-acre core acreage in West Virginia. The company is implementing Kubera™ technology, a proprietary subsurface imaging system, to enhance hydrocarbon recovery from mature fields while minimizing environmental impact.
Key developments include the company's upgrade to OTCID Basic Market from OTC Pink Current effective July 1, 2025, and engagement of Harbor Access for investor relations. The company's strategic objectives focus on improving well performance, generating free cash flow, drilling development wells, and maintaining cost efficiency.
Surya Oil & Gas Corp. (OTCID: CNRC) ha annunciato la ripresa delle operazioni nel suo core acreage di 38.000 acri in West Virginia. L'azienda sta implementando la tecnologia Kubera™, un sistema proprietario di imaging del sottosuolo, per migliorare il recupero di idrocarburi da giacimenti maturi, riducendo al minimo l'impatto ambientale.
Tra gli sviluppi principali vi sono l'aggiornamento al mercato OTCID Basic da OTC Pink Current, effettivo dal 1° luglio 2025, e la collaborazione con Harbor Access per le relazioni con gli investitori. Gli obiettivi strategici dell'azienda si concentrano sul miglioramento delle prestazioni dei pozzi, la generazione di flussi di cassa liberi, la perforazione di pozzi di sviluppo e il mantenimento dell'efficienza nei costi.
Surya Oil & Gas Corp. (OTCID: CNRC) ha anunciado la reanudación de las operaciones en su área principal de 38,000 acres en Virginia Occidental. La compañía está implementando la tecnología Kubera™, un sistema propietario de imagen subterránea, para mejorar la recuperación de hidrocarburos en campos maduros, minimizando el impacto ambiental.
Los desarrollos clave incluyen la actualización al mercado OTCID Basic desde OTC Pink Current, efectiva a partir del 1 de julio de 2025, y la contratación de Harbor Access para relaciones con inversionistas. Los objetivos estratégicos de la empresa se centran en mejorar el rendimiento de los pozos, generar flujo de caja libre, perforar pozos de desarrollo y mantener la eficiencia en costos.
Surya Oil & Gas Corp. (OTCID: CNRC)는 웨스트버지니아에 위치한 38,000에이커 핵심 토지에서 현장 운영 재개를 발표했습니다. 회사는 성숙 유전에서 탄화수소 회수를 향상시키고 환경 영향을 최소화하기 위해 독점적인 지하 영상 시스템인 Kubera™ 기술을 도입하고 있습니다.
주요 발전 사항으로는 2025년 7월 1일부터 OTC Pink Current에서 OTCID Basic Market으로의 업그레이드와 투자자 관계 관리를 위한 Harbor Access와의 협력이 포함됩니다. 회사의 전략적 목표는 유정 성능 개선, 자유 현금 흐름 창출, 개발 유정 시추 및 비용 효율성 유지에 중점을 두고 있습니다.
Surya Oil & Gas Corp. (OTCID : CNRC) a annoncé la reprise des opérations sur son territoire principal de 38 000 acres en Virginie-Occidentale. La société met en œuvre la technologie Kubera™, un système propriétaire d'imagerie souterraine, afin d'améliorer la récupération des hydrocarbures dans des champs matures tout en minimisant l'impact environnemental.
Parmi les développements clés figurent la montée en gamme vers le marché OTCID Basic depuis OTC Pink Current, effective à compter du 1er juillet 2025, ainsi que la collaboration avec Harbor Access pour les relations investisseurs. Les objectifs stratégiques de l'entreprise portent sur l'amélioration des performances des puits, la génération de flux de trésorerie libre, le forage de puits de développement et le maintien de l'efficacité des coûts.
Surya Oil & Gas Corp. (OTCID: CNRC) hat die Wiederaufnahme der Feldoperationen auf seinem 38.000 Acre großen Kerngebiet in West Virginia angekündigt. Das Unternehmen setzt die proprietäre Kubera™-Technologie ein, ein System zur unterirdischen Bildgebung, um die Kohlenwasserstoffförderung aus reifen Feldern zu verbessern und gleichzeitig die Umweltbelastung zu minimieren.
Zu den wichtigsten Entwicklungen gehört das Upgrade zum OTCID Basic Market von OTC Pink Current, wirksam ab dem 1. Juli 2025, sowie die Zusammenarbeit mit Harbor Access für die Investor Relations. Die strategischen Ziele des Unternehmens konzentrieren sich auf die Verbesserung der Bohrlochleistung, die Generierung von freiem Cashflow, die Bohrung von Entwicklungsbohrungen und die Aufrechterhaltung der Kosteneffizienz.
- Implementation of Kubera™ proprietary technology for enhanced hydrocarbon recovery
- Upgrade to OTCID Basic Market from OTC Pink Current, indicating improved governance
- Strategic partnership with Harbor Access for enhanced market visibility
- Potential uplisting opportunities in 2026
- Operations in mature fields may require significant capital investment
- Currently trading on OTCID markets, indicating limited market accessibility
SOGC is leveraging Kubera™ technology, a proprietary subsurface imaging technology developed by Surya Energy Services, LLC, a wholly owned subsidiary of Aruna Holdings LLC. As previously announced, Aruna Holdings LLC is also the Company's largest shareholder. Kubera™ technology enables high-precision identification of untapped hydrocarbon zones in mature fields, helping to enhance recovery rates while reducing environmental impact and surface disruption.
The Company's strategic objectives for the second half of the year include:
- Improving operational uptime and well performance
- Generating free cash flow to self-fund exploration
- Drilling high-confidence development wells to extend reserve life
- Upholding disciplined capital allocation and cost efficiency
Additionally, effective July 1, 2025, the Company upgraded to the OTCID Basic Market from the OTC Pink Current, reflecting SOGC'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 upgrade marks a significant step for SOGC as it positions itself for potential uplisting opportunities in 2026.
As part of its efforts to broaden market visibility, SOGC has 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 prospective investors as the Company advances its expansion strategy.
Hemal Rathod, Chief Executive Officer of Surya Oil & Gas Corp. commented: "Today's site mobilization and deployment of Kubera™ technology to identify previously overlooked zones with strong production potential across our mature fields marks a major milestone for us. This technology-driven approach is expected to deliver a meaningful uplift in both recovery rates and operating efficiency. By focusing on targeted well work and infrastructure upgrades, we're increasing current output and positioning Surya Oil & Gas for long-term, sustainable growth, efforts that will also strengthen our balance sheet and support the next phase of our development."
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. The Kubera™ platform locates hydrocarbon reserves in a socially responsible manner, with accuracy rates of up to
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
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements." Forward-looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan" or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors as outlined in our Annual Report as filed with the OTC Markets for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of
View original content to download multimedia:https://www.prnewswire.com/news-releases/surya-oil--gas-recommences-field-operations-across-core-acreage-in-west-virginia-302514503.html
SOURCE Surya Oil & Gas Corp.
FAQ
What is the significance of Surya Oil & Gas (CNRC) restarting operations in West Virginia?
How will the Kubera™ technology benefit Surya Oil & Gas operations?
What are Surya Oil & Gas (CNRC) strategic objectives for 2025?
What does the OTCID Basic Market upgrade mean for Surya Oil & Gas?
Who is Harbor Access and why did Surya Oil & Gas engage them?
