CNRC Reports Q2 2025 Financials Period Ending June 30, 2025; Provides Shareholder Update on Portfolio Companies
- Total revenue for three months was
$ 3,503,039 vs$ 4,378,799 - Total earnings for three months were
$ 1,600,211 vs$ 2,772,965 - Total revenue for six months was
$ 6,604,871 vs$ 4,292,940 , - Total earnings for six months were
$ 2,033,488 vs$ 2,706,961 - Total assets for the period were
$ 75,261,456 vs$ 75,334,234 - The Company recorded a net asset value (NAV) of
$0.15 per share for Q2 2025
The Company currently provides advisory services to its portfolio companies based on a percentage of assets under management , recognizing revenue on a quarterly basis and accepting payment in the form of securities.
SOGC announced the following corporate updates:
- The Company executed a change of control agreement for the purchase of all Series A Preferred shares by
Aruna Holdings LLC , providing at least 80% control of the Company and is accompanied by additional related agreements . The transaction s are expected to be completed in the third quarter. - The Company agreed to appoint
Manish Patel andHemal Rathod to the Board of Directors joiningFrank Kristan who remains a Director. Subsequently ,Hemal Rathod was appointed Chief Executive Officer andMichael R. Gavenchak was appointed as President.Ryan Cuningham continues to serve as General Manager of the Company's subsidiary,Cunningham Energy LLC . - The Company 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 for future drilling activity. - The Company 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 investors as the Company advances its expansion strategy.
- The Company upgraded to the OTCID Basic Market from the OTC Pink Current effective
July 1, 2025 , reflecting the Company'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 Company agreed to license the proprietary Kubera™ technology from
Aruna Holdings, LLC 's subsidiary,Surya Energy Services LLC ("Surya"). Surya's Kubera™ technology provides cutting-edge hydrocarbon detection with significantly greater accuracy and efficiency than conventional methods. -
Worldwide Diversified Holdings, Inc is pursuing a potential acquisition of a public trading company to facilitate public trading of its common shares along with the filing of Form 15c211.
About
About
Surya
About
Corporate Contact:
Investor and Media Contact:
Investor Relations
Jonathan.Paterson@harbor-access.com
Tel +1 475 477 9401
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