American Marconi Wireless News - VISION OIL AND GAS Expands with the Acquisition of 320 Wells in the Anadarko Basin and 114 Wells Across Regan, Reeves, Ward, Mitchell and Cochran Counties

This expansion included 6 additional acquisitions for Vision Oil And Gas, marking 14 acquisitions total since June 2025.

The wells that have been acquired by the Company in the Mid Continent and Anadarko Basin are spread across Lipscomb, Roberts, Hansford and Ochiltree Counties.

This transaction marks the first substantial play for the Company outside of the Permian Basin. Over 90% of these wells were shut in by BP or Range Resources, and the group anticipates stabilized production of 10,000 to 15,000 MCFE a day once the entire field is reactivated.

The wells that have been acquired by the Company in the Permian Basin Counties are currently producing 35 BOPD, with anticipated return to production of 150 to 200 BOPD once all well intervention and well clean outs have been completed.

Additionally, the Company anticipates beginning it's second phase of production optimization efforts on it's existing wells through a Frac Program, which is slated to begin in late May to early June 2026, targeting it's leases in Winkler County to start, and with an emphasis on leases currently drilled to the Grayburg Formation.

The Company reaffirms it's production goal target of 1,000 barrels of oil per day by October 31, 2026, as well as it's uplist to the New York Stock Exchange (and eventually a dual list on the Texas Stock Exchange once the liquidity has matured) by December 31, 2026.

Lastly, the Company has prepared a range of updated revenue guidance, as a result of the conflict between the U.S. and Iran, and with the impact that this has had on the price of WTI Crude, Vision Oil And Gas is now projecting $14.2 Million in Oil & Gas Sales for the remainder of 2026, excluding Oil Field Services revenues, and utilizing NYMEX Strip pricing as of the date of this press release.

For further information, please reach out to Josh Cohen at (917) 584-7042 or by email at [email protected].

About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of its capital program to enable organic growth.

Forward-Looking Statements Certain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements.

Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

SOURCE: Azure Holding Group Corp.

View the original press release on ACCESS Newswire

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