CoJax Oil and Gas Corporation
CJAX
Other OTC3.55
USD
- -
- -
CIK
0001763925
ISIN
US1926071093
CUSIP
192607109
Return %
Stock
S&P500
1Y
14.52
26.53
3Y
102.86
76.60
5Y
73.17
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- William R. Downs
- Full Time Employees
- 2
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 404 Short 7th Avenue Laurel MS United States of America 39440
- IPO Date
- Apr 26, 2022
- CIK
- 0001763925
- Website
- cojaxoilandgas.com
- Similar Companies
- Business
- CoJax Oil and Gas Corporation (OTCPK:CJAX), an early-stage development oil and gas company incorporated in Virginia in 2017 and headquartered at 4830 Line Avenue, Suite 152, Shreveport, Louisiana, engages in the acquisition, exploration, development, and production of crude oil and natural gas properties primarily in the Gulf States Drill Region of the United States, including onshore assets in Mississippi, Alabama, and the Jurassic Shelf/Smackover Trend in Southwest Alabama; the company operates through its wholly-owned subsidiary Barrister Energy LLC and focuses on underexploited conventional properties with upside potential via operational efficiencies, recompletions to behind-pipe zones, and infill drilling, generating revenue from net oil production of 14,220 barrels and natural gas of 225 Mcf in 2024 at average realized prices of $71.38 per barrel for oil and $4.54 per Mcf for gas alongside production costs of $25.05 per BOE; core assets encompass held-by-production leasehold interests, 55 gross productive wells (28 net) across consolidated subsidiaries, 8,004 gross developed acres (3,437 net), 3,244 gross undeveloped acres (612 net), infrastructure including two producing wells, one saltwater disposal well, a three-mile gas transmission line, and gathering systems with 1,500-barrel storage capacity from the 2020 all-equity Barrister Energy acquisition, supplemented by non-operated interests in 29 wells via NONOP Assets and Buckley Assets purchased from Taxodium Energy in Q4 2022, and further expansions through two 2024 acquisitions of non-operated mineral, oil, and gas properties from Liberty Operating Company effective May 1 and July 1 respectively adding 24 wells in Mississippi fields; CoJax employs a contractor model leveraging experienced operators such as Central Operating LLC and Taxodium for drilling, storage, and production to minimize overhead while pursuing low-risk assets with attractive economics, reporting trailing twelve-month revenue of $1.01 million, gross profit of $556,540, and a market capitalization of approximately $50.3 million as of late 2025 with 14 million shares outstanding, CEO William Downs overseeing strategy amid a March 2025 10-K/A restatement for fiscal 2024 financials and segment reporting updates per FASB ASC 280-10-50-28C; recent strategic shifts include intensified focus on raising working capital for well workovers to boost cash flow from existing production, which remains modest and insufficient for profitability without additional equity or debt financing, while maintaining data-driven decisions informed by geological and technical analysis to target light sweet crude suited for cost-effective refining.