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AZURE HOLDING GROUP AND VISION OIL AND GAS DOUBLES TOTAL WELL COUNT TO 1,044 OIL WELLS IN THE PERMIAN BASIN, WITH ACQUISITION OF 509 OIL WELLS AND 12,500 NET MINERAL ACRES ACROSS MIDLAND, ECTOR, CRANE, LOVING, WARD, WINKLER, REEVES AND UPTON COUNTIES IN WEST TEXAS FOR $12.0 MILLION IN ALL STOCK TRANSACTION
AZURE HOLDING GROUP AND VISION OIL AND GAS ACQUIRE 144 OIL WELLS ACROSS 4,083 ACRES IN THE PERMIAN BASIN ACROSS ECTOR, CRANE, AND PECOS COUNTIES IN WEST TEXAS FOR $8.0 MILLION IN ALL STOCK TRANSACTION
AZURE HOLDING GROUP and Vision Oil And Gas has conducted extensive preliminary geological and engineering to evaluate the potential in the company's deep mineral rights associated with their Cochran County Assets, with estimates yielding potentially $2.0 Billion in recoverable Oil Reserves
AZURE HOLDING GROUP CANCELS 15.6 Million Restricted Shares out of 55.525 Million Outstanding Shares Issued, Resulting in 28% Total Shares Outstanding Reduction, without a decrease to the company's asset base, and as a result of the discontinued operations and sale back of Freedom Well Testing to the original owner
AZURE HOLDING GROUP, and it's wholly subsidiaries Vision Oil And Gas and Oil Field Services Ai, is an Oil & Gas Operator, with over 18,000 acres in the Permian Basin, 6,000 acres in South Texas and over 416 active or shut-in oil & gas wells.
Vision Oil And Gas is an Oil & Gas Operator, with over 18,000 acres in the Permian Basin, 6,000 acres in South Texas and over 416 active or shut-in oil & gas wells.
Appalachian Mountain Energy, the joint venture, will drill new wells and rework existing wells currently owned and operated by Mountain V Oil & Gas across all 300,000 surface and mineral acres across the Appalachian Basin and Permian Basin that are currently held by production by Mountain V Oil & Gas.
Azure Holding Group Corp ($AZRH) 2nd Quarter 2025 Results
Company strengthens external and internal Financial Reporting, setting a new standard for published Quarterly Financial Statements on the OTC Market in financials published and released in less than 12 days from the quarter end date
Strong operational performance for the second quarter and six months ending February 28, 2025 driven by organic growth and successful integration of completed mergers of Freedom Well Testing, and Coil Tubing Technologies, leading to sales for December 2024 through February 28, 2025 of $1.42 Million and income from operations / EBITDA of $0.03 Million
The Company strengthened it's balance sheet by alleviating over $4.3M in liabilities, primarily driven by the discontinuation of CST Drilling Fluids entity which relieved the company of over $3.8M in liabilities, and through the settlement of it's vendor debt with US Energy through an Escrowed Restricted Stock registration
Announced execution of Letter of Intent to acquire 100% of Button Energy, which prospectively will $56.0M in sales for 2024 and income from operations / EBITDA of $3.32 Million
Announced prospective appointment of Michael Woods as the Company's Chairman of the Board of Directors planned for March 2025
Announced developments in the Company's business development and sales, leading to the negotiations around pricing and service lines with several new Super Major, Major, and Large Independent Oil & Gas Exploration & Production Operators across the Permian Basin and the Eagle ford Shale
Announced Accelerated Share Repurchase Program of up to 5,000,000 common shares in the current float with the potential to retire up to 35.9% of our free trading market cap held at DTC
Announced update on
Azure Holding Group Corp ($AZRH) 1st Quarter 2025 Results
Strong operational performance for the first quarter driven by successfully completed mergers and acquisition of Freedom Well Testing, Coil Tubing Technologies, and CST Drilling Fluids, leading to sales of $1.49 Million and income from operations / EBITDA of $0.17 Million
On an unaudited basis, and private basis non-conforming to ASC 810 rules consolidation ignoring acquisition dates, the company recorded consolidated sales of $16.26 Million and income from operations / EBITDA of $1.19 Million
Strong balance sheet growth, driven by over $1.72 Million in customer accounts receivables, $14.32 Million in acquired coil tubing tools, and $1.99 Million in acquired flowback equipment
Announced execution of Letter of Intent to acquire 100% of Button Energy, which prospectively will $56.0M in sales for 2024 and income from operations / EBITDA of $3.32 Million
Announced plans to reorganize CST Drilling Fluids in 2 nd Quarter 2025, relieving the company of $4.726 Million in debt and liabilities, while maintaining the customer Master Service Agreements through a reassignment to new entity, further enabling the company's ability to maintain and grow sales volumes back up to Q1-Q2 2024 levels, and enabling new sales channels for Freedom Well Testing and Coil Tubing Technologies