Announcement • Jul 20
Surya Oil & Gas Corp. Announces Lawsuit Filed Against Company Surya Oil & Gas Corp. has not yet received Service of Process but is aware that a lawsuit against it and others claiming breach of an alleged oral agreement has been filed in West Virginia Circuit Court by Ryan E.M. Cunningham and Cunningham Energy LLC. The Company intends to vigorously defend this action, which it believes is without merit, including pursuing claims against Mr. Cunningham and others as appropriate. The Company's day-to-day operations remain unaffected. The Company is issuing this update in response to investor inquiries regarding this matter and to provide shareholders with additional context regarding its ongoing operations. Over the past six months, management has been focused on resolving a range of complex legal, corporate, accounting and administrative matters inherited by the Company. While much of this work has occurred behind the scenes, these efforts have been directed toward strengthening the Company's corporate foundation, enhancing governance and financial reporting, and positioning the Company for disciplined execution of its strategic priorities. Announcement • Apr 14
Surya Oil and Gas Corp. Appoints Magdalene Tong as Controller, Effective April 1, 2026 Surya Oil and Gas Corp. appointed Magdalene Tong, CPA, MBA, as Controller, effective April 1, 2026. Ms. Tong brings more than 30 years of financial leadership experience across both public and private companies, including senior roles as Vice President and Controller at publicly traded organizations. She has extensive expertise in GAAP financial consolidation, treasury management, and accounting systems implementation. In her role, Ms. Tong will work closely with Chief Financial Officer Bill Devereux and RSJ to further enhance the Company’s financial reporting infrastructure, internal controls, and audit processes. Announcement • Jan 13
Surya Oil & Gas Corp. Announces Management Changes Surya Oil & Gas Corp. announced the appointment of William T. “Bill” Devereux as Treasurer, Mr. Devereux brings more than 20 years of experience across capital markets, corporate finance, and enterprise governance. He has led organizations through periods of operational scale-up requiring disciplined capital allocation, cash-flow optimization, and robust financial controls. His background includes deploying approximately $1.5 billion as a principal investor across public markets and special situations, advising on more than $250 billion in transactions, and overseeing global reporting frameworks spanning SEC, exchange, and GAAP environments. As CFO, Mr. Devereux will support Surya’s capital deployment strategy and further strengthen financial governance as redevelopment activities progress across the Company’s West Virginia acreage. Additionally, Frank Kristan has stepped down from Surya’s Board of Directors as well as his positions as Secretary and Treasurer of the Company, effective December 24, 2025. 
