Azure Holding Group Corp (AZRH)

[Controlledoilandgas]

Cohens on his way to Midland, TX and Laredo, TX to finalize what's looking like the company's next major merger- and as communicated, the merger target is an operator with 19,000 mineral acres + 494 old oil and gas wells spread across the Permian Basin and South, TX. Cohen will assign 50% of the control block preferred shares to the merger target, no other consideration, no convertible note.
This merger will allow for the company to scale very quickly as this operators surety bond is the highest level required by the Texas Railroad Commission without requiring additional capital / cash collateral -This means the group can merger a lot more later life production wells that require workover.
A typical well work over costs $25,000 when outsourced to service companies.  Cohen and Watson both have the expertise and equipment to perform their own workovers in-house, and targeting an average 1 we'll workover to cost between $3-7k (this is the difference between paying a company to do something vs being able to do it yourself).
The group is conservatively targeting 1/2 barrel - 1 barrel a day per worker over well, and is estimating that this level of production is achievable across 70% of the wells.  
Cohen and Watson have enough liquidity privately to workover at least 60-100 wells without factoring in additional capital driven by production revenues of wells successfully worked over.
The group is also formalizing a co-investment commitment from a personal friend of Cohen's for an additional $250-300k (approximately another 60 wells) which will be non-dilutive to the stock, and returned out of the cash flow generated by future production of worked over wells.
This strategy is scalable - one mans junk is another man's treasure.  There is also a strategy regarding the wells that are identified as non-economical to work over, where by the group intends to pull tubing for reuse or scraped for sale (approximately 80% of old rusted tubing can be reused and resold fairly quickly to generate additional operational cash flow).
Also - regarding the frivolous lawsuit regarding CST (a company that was classified as discounted operations), as we had mentioned - Michael Galahers lawsuit was in response to CST Drilling Fluids initial lawsuit. 
Also - we have attached the initial release and relinquishment by Michael Gallaher of his shares in CST, which occurred back in 2022.
We've also provided a signature comparison of Michael Galahers frivolous lawsuit to the signed share relinquishment of CST.
None of this is relevant, however with all the ridiculous and outrageous claims - we wanted to provide the transparency to our shareholders.
Just for everybody's reference.
Cohen is working with the securities attorney today / tomorrow to finalize the shell letter.