Houston Natural Resource Corp's CEO Frank Kristan is Featured on "The Street Reports Podcast"

Rhea-AI Summary

Houston Natural Resources Corp. (OTC: HNRC) CEO Frank Kristan recently appeared on The Street Reports, discussing key developments including the Rhino Energy Acquisition, Earnings Reports, and the 2023 Energy Outlook.

The company has a diversified portfolio with a significant presence in oil and gas, particularly noted for its Halff Oil Field in Texas, which houses 83 oil wells with estimated reserves of $69 million. HNRC also holds a 9.9% stake in Cunningham Energy LLC, valued at $352 million, and a 40% interest in Rhino Energy Pty Ltd. The company continues to pursue new acquisitions to enhance shareholder value.

Positive

• Acquisition of 40% interest in Rhino Energy Pty Ltd, enhancing growth prospects.
• Holds 9.9% interest in Cunningham Energy LLC with appraised reserves of $352 million.
• Halff Oil Field has 83 oil wells and estimated reserves of $69 million.

Negative

• None.

HOUSTON, April 12, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) CEO Frank Kristan was interviewed on "The Street Reports," discussing the Rhino Energy Acquisition, Earnings Reports, and 2023 Energy Outlook.  

Listen here:  https://thestreetreports.com/hnrc-ceo-frank-kristan-talks-rhino-acquisition-earnings-reports-and-2023-energy-outlook-on-the-street-podcast-listen-now/ 

The Street Reports

The Street Reports discovering companies from "Wall Street 2 Bay Street" specializes in bringing relevant information on micro-cap, small-cap, and generally undervalued companies to the attention readers/listeners which maybe potential investors.

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 $69 million. The company has acquired a 9.9% interest in Cunningham Energy LLC with appraised reserves of $352 million. The company has acquired a 40% interest in Rhino Energy Pty Ltd. The company will also continue to seek new oil and gas and wastewater acquisitions as it focuses on creating more value for HNRC shareholders.  

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

What was discussed in Frank Kristan's interview on The Street Reports regarding HNRC?

Frank Kristan discussed the Rhino Energy Acquisition, Earnings Reports, and the 2023 Energy Outlook.

What are the key assets of Houston Natural Resources Corp as mentioned in the press release?

Key assets include the Halff Oil Field with 83 oil wells valued at $69 million, a 9.9% interest in Cunningham Energy LLC with $352 million in appraised reserves, and a 40% interest in Rhino Energy Pty Ltd.

What is Houston Natural Resources Corp's stock symbol?

The stock symbol for Houston Natural Resources Corp is HNRC.

What are the future plans of HNRC as highlighted in the recent press release?

HNRC plans to continue seeking new oil and gas and wastewater acquisitions to create more value for its shareholders.