Azure Holding Group Corp (AZRH)

[Controlledoilandgas]

That's so funny that you think you know more about the railroad commission than Cohen, Watson and the actual Railroad Commision themselves... he and Watson have been not only communicating with Lubbock but with Austin... and when he says it's almost remediated... that's because it is. The railroad commission like Cohens team a lot, and this is not their first rodeo in cleaning up railroad commission issues... They are being granted the ability to reshoot almost all of the wells that had H15 violations... I know you don't know what that means... but it means a reset and ability to remedy which is already underway...
For everybody that doesn't understand what an H15 is - lo it is a regulatory compliance we'll test to test fluid levels (easy fix) and integrity issues (tubing, casing -- not easy fixed and more expensive which can lead to plugging).  In the groups case there were 9 wells deemed to potentially have an integrity issue out of 273.  That's normal. Each of these wells will require what's called an MIT (Mechanical Integrity Test) which means the railroad commission comes out and watches you pull the wells tubing and casing out of the ground and inspects your repair of it (in total each one can cost anywhere from $15k - $25k to fully fix) - however the railroad commission gives you time to do this.  So this is really not an issue and the group is well capitalized to have already accounted for this in their workover plans and strategy. 
Paid basher You're a rookie dude... you think you know everything about everything and it's pathetic.
Re: shell status - we are waiting on the Secretary of State website to be updated - all of the correction forms were filed Friday and hoping to the website updated this week - this is the last step before filing the supplemental report.
Other updates: we anticipate the 3rd party SEC certified engineer to communicate the PV10 valuation on just the current production from the oil wells in Cochran later this week - this will not include the PDNP / upside related to the deep vertical reentries (the group is still working through the calculations and drilling program schedule and should expect that before 7/14.
Another note - the group will be auditing in the following phases:
(1) engaging PCAOB auditing to audit just Azure holding group 8/23 & 8/24 most likely in audit - 3 week estimated time to completion(2) then the company will audit the prior 2 years of freedom well testing even though the company has communicated its wind down of freedom, and then the company will audit the prior 2 years of Vision. We are looking at an audit completion date of 11/30/25 - 12/31/25.
Last but not least - we have some even better news - the companies production engineer Clay Parish (link below) has identified another workover opportunity called a Side Kick.  These are essentially a shortened Side Track into the existing San Andreas formation to penetrate an Oil Reservoir near the existing wells reservoir that hasn't been penetrated yet.
To visualize - imagaine a line that goes straight down from the surface into the ground at 5,000 - 5,200 ft (your existing well ore).  What this would do is plug up about 300-400 feet off of the bottom of the well with cement.  From there, you cut a window / hole into the existing tubing / casing and drill down at a 10 degree angle 300-400 feet to create  new reservoir. The expect IP (initial production) should come on at 20-30 barrels a day per well, however that rate of production should only last about 9-12 months per well, before decling down to about 5 barrels a day per well.  Note this type of we'll rework can be done on every existing well bore (273 not including your injector wells), and is not a replacement strategy to the deep vertical reentries into the Devonian, but a bridge to increasing production while the company ramps up its vertical drilling program.
Very exciting times right now ahead for Cohen and team.

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