HOUSTON NAT RES CORP - HNRC STOCK NEWS

Houston Natural Resources Corp (OTC: HNRC) announced its intent to acquire up to 100% interest in Cunningham Energy, LLC by December 31, 2022. The 9% interest acquisition was valued at $19,620,000, increasing HNRC's asset value to $2.82 per share. The deal aims to expand HNRC's presence in oil and gas production across the US and Canada, with potential investments totaling $100 million and future funding of $600 million. Cunningham Energy, operating in the Appalachian Basin, has a leasehold valued at $218 million and plans for significant drilling programs.

Houston Natural Resources Corp. (OTC: HNRC) announced the acquisition of a 9% interest in Cunningham Energy, LLC for $19.62 million, effective September 19, 2022. The deal is projected to enhance HNRC's asset value by $0.39 per share, raising it from $2.43 to $2.82, a 16% increase. The acquisition aligns with HNRC’s strategy to expand its oil and gas interests, particularly in Canada, and involves a drilling program of up to 40 wells. Cunningham Energy, recognized for its operations in the Appalachian Basin, holds significant potential reserves and aims for NASDAQ or NYSE listing.

Houston Natural Resources Corp. (OTC: HNRC) will spin off its non-energy assets to its subsidiary Worldwide Diversified Holdings, Inc., with a planned dividend of $1.75 per share to shareholders on December 16, 2022. The transfer involves non-energy investments valued at $53,307,324 and aims to complete a registration statement in Q4 2022. HNRC's future focus will include acquisitions of oil and gas properties, expanding wastewater treatment facilities, and enhancing its oil well rework project.

Houston Natural Resources Corp. (OTC: HNRC) has announced strong projected financial results for 2022, expecting $20 million in revenue and $10 million in EBITDA. Q3 projections include $5 million in revenue. The company's revenue for the first half of 2022 increased by over 34% year-over-year. A letter of intent to acquire Cunningham Energy is expected to enhance asset value. HNRC plans to issue dividends from SPAC investments, potentially leading to $0.30 per share in annual dividends for shareholders. The company continues to grow its asset portfolio.

Houston Natural Resources Corp (OTC: HNRC) provided a shareholder update on Aug. 18, 2022, outlining key business developments and strategic plans. The company is focused on expanding its subsidiaries: HNRI, which will enhance energy operations, and WDHI, which will diversify technology interests. HNRC's recent acquisition includes 2,800 acres in the Halff Oil Field, promising significant oil reserves. The firm expects to generate over $3M in earnings from SPAC investments, with potential shareholder dividends exceeding $0.30 per share. Q2 2022 revenue reached $5.13M, a 41% year-over-year increase.

Houston Natural Resources Corp. (OTC: HNRC) reported robust second quarter results for 2022, showcasing a 41% year-over-year revenue increase to $5,125,473. Year-to-date earnings also rose by 38%, reaching $5,526,987. The company's total assets surpassed $74 million, with a net asset value of $2.43 per share. Notably, HNRC announced a spin-off of a $53 million non-energy asset into Worldwide Diversified Holdings, resulting in a dividend for shareholders. The company plans an up listing to OTCQB in Q4.

Houston Natural Resources Corp. (OTC: HNRC) announced a spin-off of its non-energy assets to Worldwide Diversified Holdings, Inc., with a total value of $53,307,324. Shareholders will receive a dividend of $1.75 of WDHI shares for each HNRC share owned on the record date. The company's focus will shift to acquiring income-producing oil and gas properties, expanding wastewater treatment facilities, and equipment for ongoing oil well projects. The transaction is expected to enhance shareholder value without impacting business operations.

Houston Natural Resources Corp. (OTC: HNRC) announced plans to acquire a wastewater treatment facility, expected to close in June 2022. The target company, specializing in water well services and drilling, has a historical recurring revenue of 68% and a projected 80%. 2021 revenues were approximately $7.2 million, with estimates of $8.5 million in 2022 and $11 million in 2023. The acquisition includes equipment valued at $13 million, contributing to a $10 million increase in assets. Financing for the transaction will involve cash and securities, with plans to expand wastewater treatment facilities nationwide.

Houston Natural Resources Corp. (HNRC) has announced plans to invest in a second Special Purpose Acquisition Corporation (SPAC) with a $100 million offering set to list by Q2 2022. Following a successful $86 million SPAC listing earlier, HNRC is evaluating six additional SPAC opportunities and plans to introduce a third in Q3. This strategy aims to provide shareholders with quarterly dividends through the end of 2023, expecting at least $3 million earnings per SPAC investment, potentially leading to over $0.30 per share annually.