CoJax Oil & Gas Corp (OTC: CJAX) is an oil and gas exploration and production company that acquires conventional and unconventional oil and natural gas producing properties in the Gulf States region. Revenue is generated through the sale of produced oil and natural gas from acquired properties and leases. The company operates through Barrister, its wholly-owned subsidiary, which holds acquired mineral and oil and gas properties. In August 2024, Barrister completed the acquisition of mineral and oil and gas properties in Mississippi from Liberty, with an effective date of July 1, 2024. By October 2025, the company had reassigned 100% of its interest in those non-operated assets back to Taxodium Energy, LLC due to diminishing operating margins. As of the 10-K filed March 25, 2026, the company disclosed a working capital deficit, reliance on equity and debt financings to fund operations, and acknowledged it may be required to sell properties, seek joint ventures, or file for bankruptcy if additional capital cannot be raised.

Revenue model

Transactional revenue from the sale of produced oil and natural gas. The company disclosed no active production revenue as of the filing date, given the reassignment of its Mississippi non-operated assets back to Taxodium Energy, LLC in October 2025.

Products and services

Acquisition and development of conventional and unconventional oil and natural gas producing properties and mineral rights in the Gulf States region. Operations include exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs).

Customers and end markets

Commodity oil and natural gas markets. End demand is subject to global oil supply and demand, pricing differentials, transportation availability, and regulatory conditions including EPA Clean Air Act requirements. The company cited growing electric vehicle adoption and environmental legislation as demand-side risks.

Value-chain role

Upstream oil and gas operator and acquirer. The company identifies underexploited properties, acquires leases and mineral rights, and seeks to develop proved reserves through operational efficiencies and recompletions. It depends on third-party gathering and transportation infrastructure for production handling.

Geographic exposure

Gulf States region of the United States, including Mississippi. The company's stated acquisition strategy targets the Gulf States Drill Region.

Source: SEC 10-K, filed 2026-03-25

Industry: Crude Petroleum & Natural Gas