Marathon Money sits down with Joshua Cohen, CEO of Azure Holding Group Corp (OTC: AZRH), now officially renamed Vision Oil & Gas, for an inside look at the company’s aggressive transformation from a micro-cap shell to a U.S. oil & gas operator.
What’s Covered:
- Current Operations:
- 40 operating wells out of a 500-well portfolio—including both active and shut-in assets.
- Post-Merger Growth:
- Through the merger with Vision Oil & Gas, the company acquired 404 wells (102 producing, 241 shut-in, and 42 injection wells) across a total of ~26,000 acres, primarily in the Permian Basin (18,300 acres) and South Texas (6,000 acres) Stock TitanSeeking Alpha.
- Production Outlook:
- Cohen targets ramping up to 150 operating wells within the next year.
- By December 2025, he expects production of 200–250 barrels/day in the Permian and 50–80 BOED in South Texas Stock Titan.
- Financial Trajectory:
- Current monthly revenue: $100K–$130K.
- Goal: $900K/month (~$10.8M annually) once production ramps up.
- Q1 2025 (unaudited) performance: $1.49M in sales with $0.17M EBITDA; on a consolidated basis: $16.26M sales and $1.19M EBITDA Stock Titan.
- Strategic Initiatives:
- A share repurchase program is underway to buy up to 5 million shares (~35.9% of free-trading market cap) through the year Stock Titan.
- A Certified Reserve Report is expected by December 2025 to support uplisting to the OTCQX – with audit engagements planned for April–May 2025 Stock Titan.
- Capital Structure:
- Shares outstanding are reported between 55.53 million (common figure across sources like StockAnalysis and Yahoo Finance) StockAnalysis
- Alternate figures like 154.25 million shares are reported on some platforms (e.g., ADVFN), which may include restricted or unregistered shares InvestorsHub.
- Debt Status & Financial Health:
- The company emphasizes being debt-free, with liabilities significantly reduced by $4.3M through restructuring initiatives Stock Titan.
Detailed Breakdown
| Key Topic | Details |
|---|---|
| Operating Wells | 40 active today; aiming for 150 within ~12 months |
| Merger Assets | 102 producing, 241 shut-in, 42 injection wells; ~26K acres total |
| Revenue Targets | $100K–$130K/month now; projected ~$900K/month next year |
| Q1 2025 Performance | $1.49M sales, $0.17M EBITDA (unaudited); consolidated $16.26M sales, $1.19M EBITDA |
| Share Repurchase | Up to 5M common shares (~35.9% of float) |
| OTCQX Uplisting Plan | Certified Reserve Report by Dec 2025; audit in Apr–May 2025 |
| Shares Outstanding | Common reported figure: 55.5M; other estimates up to 154M |
| Debt Status | Claims to be debt-free; liabilities slashed via restructuring |
Why This Matters
Vision Oil & Gas is executing a high-stakes turnaround—leveraging acquisitions, asset remediation, strategic buybacks, and public listing ambitions to redefine its future. With clear production and revenue milestones, the company is aiming to transform from a micro-cap curiosity into an asset-backed energy player. Understanding its share structure, debt position, and operational strategy will be key to evaluating its credibility.
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