#USA #Charleston #Cunningham Natural Resources #Surya Oil & Gas #Aruna Holdings

Surya Oil & Gas Corp Reports Q2 2025 Financial Results

Surya Oil & Gas Corp. (OTCID: CNRC) has released its financial results for the second quarter of 2025, which ended on June 30. Underlining its commitment to transparency and shareholder communication, the company also provided updates on significant developments within its operational portfolio. Previously known as Cunningham Natural Resources Corp, Surya operates under a new mandate focused on advancing its core energy initiatives.

Financial Summary

For the quarter, Surya reported total revenue of $3,503,039, reflecting a decrease from $4,378,799 recorded in the previous quarter. The company's earnings for this period were $1,600,211, significantly down from $2,772,965 in the same period last year. However, over the first half of 2025, Surya saw an increase in total revenue to $6,604,871 compared to $4,292,940 in the first half of 2024. Earnings for the six-month period reached $2,033,488, slightly down from $2,706,961 year-over-year.

Total assets stood at $75,261,456, demonstrating a minor decline from $75,334,234 recorded previously. Furthermore, the company announced a net asset value (NAV) of $0.15 per share for Q2 2025, revealing its ongoing commitment to enhancing shareholder value.

Corporate Updates

In a strategic move to solidify control, Surya finalized a change of control agreement with Aruna Holdings LLC for the purchase of all Series A Preferred shares. This agreement aims to secure at least 80% control of the company, with broader implications anticipated from related agreements expected to close in the third quarter.

Additionally, Surya has expanded its Board of Directors with the appointments of Manish Patel and Hemal Rathod, joining Frank Kristan. Hemal Rathod has taken on the role of Chief Executive Officer, while Michael R. Gavenchak has assumed the President’s position. The leadership team retains Ryan Cuningham as General Manager of Cunningham Energy LLC, indicating a stable management structure during this transition.

Field Operations Recommencement

Surya has recommenced field operations across its mineral-rich 38,000 acres in West Virginia. Initial efforts are centered on road and site development to optimize productivity from existing oil wells while preparing for future drilling activities. This operational reboot aligns with the company’s broader ambitions for growth and efficiency in the competitive energy sector.

Strategic Partnerships

Recognizing the importance of enhanced market engagement, the company has engaged Harbor Access, a firm known for its expertise in investor relations, particularly for organizations focused on rapid growth. This partnership aims to boost market visibility, enhance communication with existing shareholders, and support outreach efforts as Surya moves forward with its expansion plans.

Compliance and Governance Initiatives

Effective July 1, 2025, Surya upgraded its listing from the OTC Pink Current to the OTCID Basic Market. This transition reflects the company's dedication to improved governance and sustained growth, aligning with regulatory requirements for timely financial disclosures and ongoing compliance. This step is designed to give investors a more transparent investment platform.

Surya has also secured a licensing agreement for the proprietary Kubera™ technology from Aruna Holdings LLC’s subsidiary, Surya Energy Services LLC. This advanced hydrocarbon detection technology promises to significantly enhance operational accuracy and efficiency compared to conventional methods.

Future Directions

Additionally, worldwide Diversified Holdings, Inc. is exploring a potential acquisition of a public trading company, which could facilitate public trading of its common shares, further strengthening its market position.

Surya Oil & Gas Corp. continues to focus on balancing traditional oil and gas development with strategic investments in energy and digital transitions. The company emphasizes sustainability and long-term value creation opportunities.

With significant strides being made, Surya is poised to navigate the challenges of the energy landscape efficiently while prioritizing the interest of its shareholders and stakeholders.