$CNRC Surya Oil & Gas Recommences Field Operations
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Posted On: 07/30/2025 11:11:22 AM
$CNRC Surya Oil & Gas Recommences Field Operations Across Core Acreage in West Virginia
https://www.prnewswire.com/news-releases/sury...14503.html
CHARLESTON, W.Va., July 30, 2025 /PRNewswire/ -- Surya Oil & Gas Corp. ("SOGC" or the "Company"
(OTCID: CNRC), formerly known as Cunningham Natural Resources Corp., today 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 preparing for future drilling activity.
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."
https://www.prnewswire.com/news-releases/sury...14503.html
CHARLESTON, W.Va., July 30, 2025 /PRNewswire/ -- Surya Oil & Gas Corp. ("SOGC" or the "Company"
(OTCID: CNRC), formerly known as Cunningham Natural Resources Corp., today 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 preparing for future drilling activity. 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."
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