Azure Holding Group Corp. (OTC: AZRH) Inks LOI with CST Drilling Fluids

Shareholders of the Nevada corporation, Azure Holding Group Corp. (OTC: AZRH), had a good day in the markets on Thursday as the stock soared by 24% amidst heavy interest.

Azure Holding Group Corp. Signs Letter of Intent with CST Drilling Fluids

The rally came about after the company announced that it had signed a Letter of Intent with regards to the acquisition of the Texas corporation CST Drilling Fluids.

However, following the transaction, CST Drilling would have control over Azure Holding Group. CST Drilling is an oil field services and construction outfit that is based out of the Permian Basin in Texas. For the fiscal year ended December 31, 2023, CST Drilling recorded $16487714 in revenues to go along with $2780000 in net income.

In the news release, it was also noted that CST Drilling provided a significant range of oilfield-related solutions and services to its customers. The company deploys standardized processes with the aim of providing superior products and services in an efficient and timely manner.

CST Drilling also boasts highly trained and seasoned crews along with a large inventory of equipment. As a consequence, it can help its clients of all sizes to gain more from their respective projects. It remains to be seen if the Azure Holding Group stock holds on to its momentum today or not.