HNRC ACQUIRES INTEREST IN CE ENERGY SPONSORS LLC
- Houston Natural Resources Corp has acquired an interest in CE Energy Sponsors LLC, the sponsor of CE Energy Acquisition Corp (CEAC), which has filed a registration statement for a $100 million SPAC. HNRC expects to realize at least $3 million on each of its SPAC investments in 2023 and 2024.
- None.
Updates on SPAC Investments
CE Energy Sponsors, LLC is the sponsor of CE Energy Acquisition Corp ("CEAC") that has filed a registration statement for
Information on the CEAC filing is at http://bitly.ws/I5yS.
HNRC has previously announced its investment in HNR Acquisition Corp ("HNRA"). HNRA recently announced its affirmation of intent to acquire Pogo Resources LLC ("Pogo") and its subsidiaries for
This strategy will result in a dividend to its shareholders, after the lock up period has expired, on each of the SPAC investments. This would provide cash and/or stock dividends in 2023 and 2024.
The company expects to realize at least
The company has completed the spin off dividend of its non-energy assets, effective May 26, 2023, into Worldwide Diversified Holdings, Inc ("WDHI"). WDHI is expected to be filed this month and begin trading in the third quarter of 2023. The company will keep shareholders updated.
About Houston Natural Resources Corp
Houston Natural Resources Corp. (OTCMKTS: HNRC) (www.hnrcholdings.com) is a diversified energy company with oil and gas interests as well as wastewater treatment facilities. The Halff Oil Field in Crockett County, Texas, has 83 oil wells, with estimated 33 million barrels of oil and water treatment and appraised reserves of
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
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SOURCE Houston Natural Resources Corp
FAQ
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