Highest-materiality recent filing
Proved reserves grew 776% year-over-year to 1.4 million barrels of oil equivalent as of end of 2024, per SEC-compliant audit.
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.
CoJax Oil issues 2.2M shares at $2.00 to acquire Mississippi mineral interests
Issued 2,211,982 shares of common stock valued at $2.00/share to Liberty Operating for mineral and oil/gas interests in Mississippi.
Acquired MS oil/gas properties from Liberty Operating for 1,320,755 shares valued at $2.00 per share ($2.6M).
CoJax Oil and Gas issues 1.32M shares for Mississippi mineral interests
Issued 1,320,755 common shares valued at $2.12 per share to acquire mineral and oil/gas interests in Mississippi properties.
CoJax Oil and Gas appoints new CEO/Chairman Downs; former CEO Guzy becomes CFO
Wm. Barrett Wellman resigned as CFO and Secretary; Jeffrey Guzy succeeded as CFO, Secretary, Treasurer.
CoJax Oil and Gas dismisses auditor Sadler Gibb, appoints M&K CPAS as new independent auditor
Dismissed Sadler, Gibb & Associates as independent auditor effective Jan 4, 2024; no disagreements on accounting principles.
CoJax Oil and Gas grants 25,000 restricted shares to CEO and CFO, enters new employment agreement
On Jan 25, 2023, CoJax granted 25,000 restricted shares of Series A Convertible Preferred Stock to CEO Jeffrey Guzy in lieu of past-due 2022 cash compensation.
CoJax Oil & Gas issues 1.5M shares for Mississippi oil & gas properties
Issued 1,500,000 shares of common stock valued at $2.00 per share to Taxodium Energy, LLC members.
CoJax issues 1.6M shares at $2.10 to acquire mineral and royalty interests
Issued 1,600,000 common shares at $2.10/share to Taxodium Energy LLC for mineral and oil/gas royalty interests in Mississippi and Alabama.
CoJax Oil & Gas dismisses auditor Haynie, engages Sadler Gibb as new auditor
Dismissed Haynie & Company as independent auditor effective September 27, 2022; Haynie had served since 2019.
Board determined 2020 annual and Q1-Q3 2021 financials should no longer be relied upon due to acquisition accounting error.
CoJax Oil & Gas appoints William Allan Bradley to board, grants 10,000 shares
William Allan Bradley appointed to Board of Directors effective March 7, 2022.
CoJax grants CEO & CFO 12,500 preferred shares each for past-due 2021 comp
Company issued 12,500 Series A Convertible Preferred shares to CEO Jeffrey Guzy and 12,500 to CFO Wm. Barrett Wellman as compensation for 2021 services.
CoJax Oil exchanges $2.7M promissory note for 1.35M shares; holder now 24.8% owner
Issued 1,350,000 shares at $2.00 per share to discharge $2.7M total debt held by Central Operating, LLC.
CoJax extends maturity of $2.7M promissory note to April 2022
Second Amended and Restated Promissory Note issued to Central Operating, LLC for $2,700,000.
Effective as of January 10, 2024, Wm. Barrett Wellman resigned from his positions as Chief Financial Officer and Secretary of CoJax Oil and Gas Corporation, a Virginia corporation (the “Company”).
effective immediately upon Mr. Guzy’s resignation from positions as Chief Executive Officer, Chairman of the Board and President, the Board appointed William R. Downs as Chief Executive Officer, President, and Chairman.
On January 10, 2024, Mr. Guzy resigned from Chief Executive Officer, President and Chairman of the Board positions.
the Board increased its size from two directors to three directors pursuant to the Bylaws of the Company and appointed William R. Downs to fill this new directorship, effective immediately.
Effective immediately upon Mr. Wellman’s resignation, the board of directors of the Company (the “Board”) appointed Jeffrey J. Guzy as the Company’s Chief Financial Officer, Secretary and Treasurer.
appointed William Allan Bradley as a member of the Company’s Board of Directors
Max materiality 0.85 · Median 0.55 · Most common event other_material