HNRC ANNOUNCES FAST START TO THE YEAR AND STRONG FINISH TO 2021

Rhea-AI Summary

Houston Natural Resources Corp (OTC: HNRC) announced a strong finish for 2021 and a promising pipeline for 2022. The company plans to uplist and file year-end results next month, anticipating $4.00 per share in asset value for shareholders. With intentions to rework 83 wells and enhance operational capacity, HNRC is targeting acquisitions worth $10 million to $100 million. The strategy includes potential asset sales, spin-offs, and dividends, focusing on environmentally responsible natural resource development.

Positive

• Strong finish for 2021 with a significant asset value of $4.00 per share.
• Plans to uplist and file year-end results in the upcoming month.
• Intention to rework 83 wells and enhance operational capacity with new equipment.
• Targeting acquisitions between $10 million and $100 million to increase portfolio value.
• Strategy includes potential asset sales, spin-offs, and dividends to shareholders.

Negative

• None.

HOUSTON, Jan. 14, 2022 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today that it is has a significant pipeline of transactions for 2022 and had a strong finish for 2021.

The company intends to have an up listing in the first quarter of this year and expects to file its report for the year ending December 31, 2021 year end results next month. The company expects to realize value on the existing $4.00 per share in assets for the benefit of the shareholders. The strategy may include asset sales, a spin-off of one or more of its subsidiaries and dividends to shareholders. 

The company expects to begin the rework of its 83 wells in the first quarter, in addition to increasing the capacity from the newly installed saltwater disposal equipment. The company expects to have a second facility operational by the end of the second quarter.

The company expects to achieve significant results through a combination of internal growth, acquisitions and expansion. In addition, the company expects  to see an increase in advisory services  revenue from its investment portfolio. The company is targeting acquisitions in the $10m to $100m range to increase its portfolio value.

Our company is focused on creating a diversified holding company for its business operations and investment holdings. It is dedicated to increasing stockholder value through developing natural resources with state-of-the-art innovative technologies in tandem with water recycling that are environmentally safe and socially responsible.  The company is focused on using a public trading vehicle, to acquire ownership positions in middle market companies over the next three years.  

About Houston Natural Resources Corp

Houston Natural Resources Corp (HoustonNaturalResources.com) (OTC:HNRC). The Company is dedicated to increasing shareholder value through developing natural resources with state-of-the-art innovative technologies in tandem with sustainable environmental services of toxic oil field waste disposal and recycling that are environmentally safe and socially responsible. 

About Worldwide Diversified Holdings, Inc.

Worldwide Diversified Holdings, Inc.(www.wdhinc.net). The company is a diversified holding company with business operations and investments. The portfolio companies include investments in information technology and healthcare.

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.

Contact:
Houston Natural Resources Corp.
E-mail: frank@hosutonnaturalresources.com
Phone: +1 757-707-4563

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SOURCE Houston Natural Resources Corp.

FAQ

What is Houston Natural Resources Corp's stock symbol?

Houston Natural Resources Corp trades under the stock symbol HNRC.

What are Houston Natural Resources Corp's plans for 2022?

The company plans to uplist, file year-end results, and has a strong pipeline of transactions for 2022.

What asset value does Houston Natural Resources Corp anticipate for shareholders?

Houston Natural Resources Corp anticipates a value of $4.00 per share in assets for shareholders.

How many wells does Houston Natural Resources Corp plan to rework?

The company plans to rework 83 wells in the first quarter of the year.

What is the acquisition target range for Houston Natural Resources Corp?

The company is targeting acquisitions in the range of $10 million to $100 million.