Surya Oil & Gas Taps New Auditor to Tackle Delayed Filings, Boost Trust

CHARLESTON, WV – April 13, 2026 – Surya Oil & Gas Corp. (OTCID: SURY), an energy developer leveraging artificial intelligence, has taken decisive steps to overhaul its financial oversight by appointing a new independent auditor and an experienced controller. The move comes as the company works to resolve delayed financial reports and fortify its governance structure ahead of a planned recommencement of production.

Effective immediately, the company has engaged Rose, Snyder & Jacobs LLP (RSJ) as its independent registered public accounting firm. This appointment is a critical component of what Surya describes as its “continued evolution toward enhanced financial governance and a strengthened operating and reporting baseline.”

The appointments are intended to directly address the company’s delayed Annual Report for the fiscal year ended December 31, 2025, and its first-quarter 2026 financial results. By bringing in a new auditing firm and a seasoned financial leader, Surya aims to accelerate the completion of these filings and restore a regular reporting cadence, a crucial factor for maintaining investor confidence on the OTC markets.

A Bid for Transparency and Compliance

For a growth-stage company like Surya, listed on the OTCID market, timely and transparent financial reporting is paramount. Delays can create uncertainty and signal potential internal weaknesses, impacting a company's credibility and stock valuation. By publicly announcing the new appointments and linking them directly to resolving the filing backlog, Surya is signaling a commitment to rectifying its reporting deficiencies and building a more robust financial foundation.

The engagement of RSJ is pivotal. According to Surya's management, the firm’s experience with emerging public companies is expected to help implement scalable reporting processes and strengthen internal controls, ultimately ensuring “audit readiness” for the future. This move aligns with broader industry pressures for stronger corporate governance, a trend that has intensified since the Sarbanes-Oxley Act was enacted in response to major accounting scandals, including those in the energy sector.

Further bolstering its finance team, Surya has appointed Magdalene Tong, a CPA and MBA with over three decades of experience, as its new Controller, effective April 1, 2026. Ms. Tong has held senior financial leadership roles at other publicly traded companies and brings expertise in GAAP financial consolidation and accounting systems implementation. She will work closely with Chief Financial Officer Bill Devereux and the new auditors at RSJ to spearhead the enhancement of the company's reporting infrastructure and internal controls.

Scrutinizing the New Watchdogs

The selection of an auditing firm is a telling move for any public company. Rose, Snyder & Jacobs LLP, based in Encino, California, has over 50 years of experience and provides services to a range of clients, including public companies requiring SEC compliance support. A review of its public record offers a nuanced picture of its regulatory standing.

Inspections by the Public Company Accounting Oversight Board (PCAOB), the body that oversees audits of public companies, provide insight. A 2023 PCAOB inspection of two of RSJ's audits from 2022 identified some deficiencies related to revenue and journal entries. However, the report did not find any issues related to the firm’s independence. An earlier inspection report from 2014 was more favorable, stating that the review did not identify any audit performance issues that resulted in the firm failing to obtain sufficient evidence to support its opinions. This record suggests RSJ is a credible firm equipped to handle the needs of a small-cap company like Surya, without the red flags of more severe regulatory actions seen elsewhere in the industry.

Magdalene Tong's appointment adds another layer of seasoned oversight. Her extensive background in senior roles such as Vice President and Controller is designed to bring the internal discipline needed to manage complex financial reporting and prepare for the rigorous scrutiny of an independent audit.

Balancing High-Tech Ambition with Financial Reality

Surya’s financial overhaul is not happening in a vacuum. The company positions itself at the intersection of energy and technology, touting its proprietary Kubera™ AI technology as a key differentiator in oil and gas exploration. The company claims this AI platform has demonstrated “as much as 98% (or more) accuracy” in locating hydrocarbon reserves, a bold claim in a complex industry.

These technological ambitions are paired with significant asset claims. Surya reports having over $350 million in certified reserves across its 34,000 acres in West Virginia, with its AI identifying further potential. However, for investors and the market at large, such high-value claims from an OTC-listed company are often met with a healthy dose of skepticism until backed by independently verified and audited data.

This is precisely why the recent appointments are so significant. Establishing a robust, transparent, and timely financial reporting system is the only way to lend concrete credibility to its ambitious operational and technological claims. Without audited financials that pass regulatory muster, the promise of AI-driven exploration and vast reserves remains largely a narrative. By tackling its reporting issues head-on, Surya is building the foundation of accountability required to convince the market that its high-tech vision is grounded in financial reality.

The Road to Recommencing Production

The ultimate goal of these internal enhancements is to support Surya's primary operational objective: recommencing oil and gas production, which is anticipated for mid-2026. Restarting production is a capital-intensive and logistically complex undertaking that demands stringent financial management and a stable corporate structure.

By strengthening its financial reporting framework, Surya is not only addressing its immediate compliance obligations but also preparing itself for the next phase of its growth. A company with clean, audited financials is in a much stronger position to attract further investment, secure partnerships, and manage the operational expenses associated with production. The move demonstrates to current and potential stakeholders that the company is maturing from a speculative, technology-focused entity into an operational energy producer with the governance structures to match.

As the energy industry continues its digital transformation, companies that can successfully pair technological innovation with unwavering financial accountability will be best positioned for long-term success. Surya’s proactive steps to clean up its reporting and reinforce its financial team indicate a clear understanding of this dual challenge as it works to file its delayed reports and move toward its production goals.