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Nexera Energy Increases Ownership in Huebinger and Kuhn Leases

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Nexera Energy Inc. (OTC:EMBYF) has increased its ownership in the Huebinger and Kuhn leases from 50% to 72.23% at the Wooden Horse project in South Texas. This project includes producing wells and new drilling locations on the 200-acre Huebinger lease. The company operates various oil projects in Southwest Texas, including Lavernia and Nash Creek. This acquisition may enhance Nexera's production capacity and overall asset base.

Positive
  • Increased ownership in Huebinger and Kuhn leases from 50% to 72.23%.
  • Expansion of producing Kuhn wells and new drilling locations.
Negative
  • None.

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / October 20, 2020 / Nexera Energy Inc. (TSXV:NGY)(OTC:EMBYF) (the "Company" or "Nexera") announced that the Company has increased its ownership in the Huebinger and Kuhn leases from 50% to 72.23% at the Company's Wooden Horse project in South Texas. The Wooden Horse project consists of the Company's producing Kuhn wells, and new drilling locations on the offsetting 200 acre Huebinger lease.

About Nexera Energy Inc.

Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Nash Creek Projects. Additionally, the Company owns and operates various working interests in the HugoCellR, Cotulla, and MarPat partnerships. The Company also owns 75% of Production Resources Inc., a South Texas oil company.

For further information, please contact:

Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@ebyinc.com
www.nexeraenergy.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Nexera Energy Inc.



View source version on accesswire.com:
https://www.accesswire.com/611373/Nexera-Energy-Increases-Ownership-in-Huebinger-and-Kuhn-Leases

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