CoJax Q1 FY26 net loss widens to $265,959; revenue falls 66.9% to $112,076

COJAX OIL & GAS CORP

COJAX OIL & GAS CORP

CJAX

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  • CoJax Oil & Gas posted a net loss of USD 265,959 for first-quarter 2026, widening 83.7% from year-earlier.
  • Revenue fell 66.9% to USD 112,076, while operating loss widened 84% to USD 265,509.
  • Lease operating expense rose 18.6% to USD 115,345, while general and administrative expense dropped 29.3% to USD 193,971.
  • Oil sales volume slid to 1,974 bbls, while average realized oil price fell to USD 68.54 per bbl.
  • Cash on hand increased to USD 91,056 at March 31, 2026, while net cash provided by operating activities was USD 16,375.


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