secwatch.observer — SEC 8-K summary
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Issuer:     CoJax Oil & Gas Corp (CJAX)
CIK:        0001763925
Form:       8-K/A
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001753926-25-000083
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoJax Oil and Gas completes Mississippi oil and gas asset acquisition, issues 2.21M shares valued at $4.42M
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- Acquired Mississippi oil & gas properties from Liberty Operating for 2,211,982 shares valued at $2.00/share ($4.42M total); effective July 1, 2024.
- Audited 2023 revenue of $299,934 and direct operating expenses of $107,960, yielding $191,974 excess of revenues over direct expenses.
- Unaudited H1 2024 (through June 30) revenue of $97,180, direct op expenses $56,592, excess $40,588.
- Proved oil reserves of 1,169 MBbls and gas reserves of 2,489 MMcf at Dec 31, 2023; standardized measure of discounted future net cash flows $22.98M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763925/000175392625000083/0001753926-25-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763925/000175392625000083/g084435_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001753926-25-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer