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) StockAnalysisAlternate 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 TopicDetailsOperating Wells40 active today; aiming for 150 within ~12 monthsMerger Assets102 producing, 241 shut-in, 42 injection wells; ~26K acres totalRevenue Targets$100K–$130K/month now; projected ~$900K/month next yearQ1 2025 Performance$1.49M sales, $0.17M EBITDA (unaudited); consolidated $16.26M sales, $1.19M EBITDAShare RepurchaseUp to 5M common shares (~35.9% of float)OTCQX Uplisting PlanCertified Reserve Report by Dec 2025; audit in Apr–May 2025Shares OutstandingCommon reported figure: 55.5M; other estimates up to 154MDebt StatusClaims 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.