Kubera™ AI technology
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CNRC Reports Q3 2025 Financials Period Ending September 30, 2025. Provides Shareholder Updates
Prnewswire· 2025-11-11 13:10
Financial Results - Total revenue for Q3 2025 was $1,399,275, a decrease from $4,422,587 in Q3 2024 [5] - Total earnings for Q3 2025 were $493,072, down from $2,526,559 in Q3 2024 [5] - Total revenue for the first nine months of 2025 was $8,004,146, compared to $13,094,326 in the same period of 2024 [5] - Total earnings for the first nine months of 2025 were $2,526,559, down from $8,764,980 in the same period of 2024 [5] - Total assets as of September 30, 2025, were $46,462,495, compared to $73,163,474 a year earlier [5] - The Company recorded a net asset value (NAV) of $0.09 per share for Q3 2025 [5] Corporate Updates - Surya Oil & Gas Corp. controls 34,000 acres in West Virginia with $352 million in certified reserves [2] - The Company is utilizing its proprietary Kubera™ AI technology to identify additional potential reserves [2] - Production is set to recommence in early 2026, focusing on sustainability and operational efficiency [2] - The Company has entered into a joint venture with a Dubai-based oil & gas company to facilitate crude oil and petrochemical trading in MENA countries [5] - Field operations have recommenced across its core acreage, including road and site development to optimize production [5] - A change of control agreement has been established for Aruna Holdings LLC to acquire all Series A Preferred shares [5]