Surya Oil & Gas Corp. Details 2025 Q2 Financial Results and Updates

Surya Oil & Gas Corp. Reports Strong Q2 2025 Financial Results
Surya Oil & Gas Corp. (OTCID: CNRC), formerly known as Cunningham Natural Resources Corp., has recently announced its financial results for the second quarter ending June 30, 2025. The company also provided a comprehensive update regarding its portfolio companies and recent strategic developments.
Financial Performance Highlights
During the reported three-month period, Surya Oil & Gas Corp. generated total revenue amounting to $3,503,039. This marks a decrease when compared to the $4,378,799 reported in the previous quarter. In terms of earnings, the company posted $1,600,211 for the quarter, down from $2,772,965 reported earlier.
For the half-year ending June 30, 2025, total revenue arrived at $6,604,871, compared to $4,292,940 attributed to the same period last year. Earnings for this six-month timeframe stood at $2,033,488, decreased from $2,706,961 in the previous year.
Assets and Valuation
Total assets for Surya Oil & Gas Corp. during this period were recorded at $75,261,456, slightly down from $75,334,234 in the previous period. The net asset value (NAV) per share for Q2 2025 was notably $0.15, reflecting the company's asset utilization and operational focus.
Corporate Developments and Strategic Moves
Beyond financials, Surya Oil & Gas Corp. announced several significant corporate updates that may shape its future directions. The corporation executed a change of control agreement which resulted in Aruna Holdings LLC acquiring all Series A Preferred shares. This move guarantees at least 80% control of the company, with additional related agreements in place, expected to conclude in the upcoming third quarter.
Leadership changes have also taken place, as the company appointed Manish Patel and Hemal Rathod to its Board of Directors, joining Director Frank Kristan. Hemal Rathod is now the Chief Executive Officer, and Michael R. Gavenchak has taken the role of President. Meanwhile, Ryan Cuningham remains the General Manager for the company's subsidiary, Cunningham Energy LLC.
Operations and Innovations
Surya Oil & Gas Corp. recommenced field operations across its primary acreage of 38,000 acres. Initial work includes road and site development with the primary aim of optimizing production from existing oil wells while also preparing for future drilling activities.
To enhance its visibility in the market, the company engaged Harbor Access, a strategic investor relations firm reputed for its expertise in working with high-growth and international issuers. This partnership is expected to improve communication with existing shareholders and promote outreach to potential investors as the company advances its growth strategy.
Market Position and Future Outlook
In a positive development, Surya Oil & Gas Corp. has upgraded to the OTCID Basic Market from the OTC Pink Current as of July 1, 2025. This upgrade reflects the company's commitment to enhanced governance and long-term sustainable growth, requiring timely financial disclosures, annual management certifications, and ongoing compliance to provide investors with a more transparent platform.
Moreover, the company has licensed its proprietary Kubera™ technology from Aruna Holdings LLC's subsidiary, which offers advanced hydrocarbon detection capabilities significantly outperforming conventional methods.
Strategic Acquisition Plans
In another noteworthy update, Worldwide Diversified Holdings, Inc. is currently seeking a potential acquisition of a public company to facilitate the trading of its common shares along with the filing of Form 15c211. This strategic move could potentially enhance shareholder value further.
About Surya Oil & Gas Corp.
Surya Oil & Gas Corp. (OTCID: CNRC) is a part of Aruna Holdings LLC's portfolio, focusing on traditional oil and gas development while pursuing strategic investments in various sectors including energy and digital transitions. The company emphasizes sustainability, operational efficiency, and long-term growth in its business mission.
About Aruna Holdings LLC
Aruna Holdings LLC possesses an 80% interest in Surya Oil & Gas Corp. and maintains a broad portfolio across diverse sectors, including health and wellness, real estate, hospitality, oil and gas, alternative energy, and data center development.
Corporate Contact Information
For inquiries, please reach out to Hemal Rathod, Chief Executive Officer of Surya Oil & Gas Corp. For investor and media relations, interested parties may contact Investor Relations directly.
Frequently Asked Questions
What were the total revenues reported by Surya Oil & Gas Corp. for Q2 2025?
For Q2 2025, Surya Oil & Gas Corp. reported total revenues of $3,503,039.
Who are the new members of the Board of Directors?
Manish Patel and Hemal Rathod were recently appointed to the Board of Directors, joining Frank Kristan.
What technological advancement has the company licensed recently?
Surya Oil & Gas Corp. has licensed the Kubera™ technology which enhances hydrocarbon detection.
What is the company’s NAV per share for Q2 2025?
The NAV per share for Q2 2025 is $0.15.
How is the company enhancing market visibility?
The company has partnered with Harbor Access to improve investor relations and market visibility.
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