NORTHBOROUGH, Mass.–(BUSINESS WIRE)–Surya Oil & Gas Corp. (OTCID: SURY) (“Surya,” or the “Company”), advancing sustainable energy development through AI-driven exploration, today provided the following corporate update.
The Company has not yet received Service of Process but is aware that a lawsuit against it and others claiming breach of an alleged oral agreement has been filed in West Virginia Circuit Court by Ryan E.M. Cunningham and Cunningham Energy LLC. The Company intends to vigorously defend this action, which it believes is without merit, including pursuing claims against Mr. Cunningham and others as appropriate. The Company’s day-to-day operations remain unaffected.
The Company is issuing this update in response to investor inquiries regarding this matter and to provide shareholders with additional context regarding its ongoing operations.
Over the past six months, management has been focused on resolving a range of complex legal, corporate, accounting and administrative matters inherited by the Company. While much of this work has occurred behind the scenes, these efforts have been directed toward strengthening the Company’s corporate foundation, enhancing governance and financial reporting, and positioning the Company for disciplined execution of its strategic priorities.
About Surya Oil & Gas Corp.
Surya Oil & Gas Corp. (OTCID: SURY) is advancing oil and gas development with over $350 million in certified reserves and additional potential reserves identified through its proprietary Kubera AI technology. Production is expected to recommence in the second half of 2026. Follow Surya Oil & Gas Corp. on its website, X and on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the “Risk Factors” section of our Annual Report on OTC Markets Group, Inc for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
Contacts
Corporate Contact:
Hemal Rathod, Chief Executive Officer
Surya Oil & Gas Corp.
Investor and Media Contact:
Investor Relations
[email protected]
Tel +1 475 477 9401
