HOUSTON NAT RES CORP - HNRC STOCK NEWS

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.

Houston Natural Resources Corp (HNRC) has updated shareholders with its recent business developments and strategic direction for 2022. The company reported an 81% increase in revenues compared to the previous year, reaching projected earnings of $0.34 per share. HNRC anticipates revenues exceeding $23 million and earnings above $10 million for 2022, targeting acquisitions valued between $10 million and $50 million. The firm aims to realize a significant asset value of $9.67 per share through potential asset sales and dividends.

Houston Natural Resources Corp. (OTC: HNRC) anticipates robust financial performance for Q4 2021, projecting revenues of $17 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of $8 million. For 2022, forecasts indicate revenue surpassing $23 million and EBITDA exceeding $10 million, aiming for earnings of over $0.50 per share. The company experienced over 81% revenue growth, totaling $12.86 million in the past nine months, with net income increasing by 192% to $7.09 million. Net assets have risen over 100% to $73.45 million.

Houston Natural Resources Corp. (OTC: HNRC) has gained attention in recent Wall Street Research Reports as an emerging energy stock opportunity post-COP26. WallStreetPR.com highlighted HNRC's potential for significant growth in the sustainable energy sector, especially with ESG investments projected to reach $67 trillion over the next decade. The stock is currently trading between $0.50 and $0.60, with analysts citing solid support levels and potential moves to $4.00. The company focuses on innovative technologies in natural resource development and environmentally safe oil field waste disposal.

Houston Natural Resources Corp (OTC: HNRC) announced complete ownership of HNR Oil Services LLC, a Texas-based subsidiary focused on recycling and remediation of oil field contaminants. The company operates a licensed reclamation plant in South Texas, generating multiple revenue streams while ensuring environmental compliance. HNR plans to establish six additional remediation facilities within five years, projecting a net operating income of over $55 million by year five. Led by a seasoned team, HNR aims to up-list to OTCQX or a major exchange, enhancing shareholder value through innovative and sustainable practices.

Houston Natural Resources Corp. (OTC: HNRC) announced expected future growth driven by multiple revenue streams. The company's subsidiary, HNR Oil Services LLC, operates a licensed recycling facility focused on environmental remediation. Revenue sources include:

• Fee income from wastewater disposal treatment.
• Oil sales from water treatment processing.
• Projected financing of $1.5 million for reworking 83 existing wells.
• Expected sales of $500,000 to $1 million per month from road-based materials post Thermal Distortion Unit installation.
• Long-term revenues from Worldwide Diversified Holdings, Inc.

Houston Natural Resources Corp (OTC: HNRC) has reported significant growth in net assets, revenues, and net income for the period ending September 30, 2021. Net assets increased over 100% to $73,446,688, while revenues surged by more than 150% to $7,614,534, and net income rose by over 250% to $4,006,260. The company anticipates third quarter earnings will surpass current projections. Additionally, subsidiary HNRI has appraised proven reserves at $69,000,000.

Houston Natural Resources Corp. (OTC: HNRC) has announced plans to develop $69 million in reserves at the Halff Oil Field in Crockett County, Texas. This includes working on 83 oil wells and acquiring approximately 2,800 acres in the prolific oil zone. The company aims to secure $1,500,000 in financing to start reworking the wells, with revenue generation expected by late 2021. HNRC's net assets rose to $73,466,688 as of June 30, 2021, highlighting a net asset value of $4.76 per share, excluding the appraised reserves of $4.60 per share.

Houston Natural Resources Corp. (OTC: HNRC) has announced an ambitious 90-day plan aimed at increasing revenue and assets through strategic acquisitions and operational expansions. Key initiatives include boosting processing volume at its water treatment facility, reworking 83 existing wells, and preparing for an up-listing onto a major exchange. The company reported a significant net earnings increase of 186% to $4.1 million for the six months ending June 30, 2021, and an increase in net assets to $73.5 million. HNRC's long-term strategy emphasizes environmental sustainability alongside growth.