HARRIS EXPLORATION INC - HXPN STOCK NEWS

HXPN, an emerging technology and mineral resources company, announced the acquisition of a 25% working interest in the Bayou Villars oil field in Louisiana. The field has produced nearly 700,000 barrels since 2003, with an estimated reserve of over 1 million barrels. Expected production from a new zone is 150 barrels per day, potentially doubling to 300 barrels with future projects. The company's net revenue interest is 72%, with projections for first revenue by year-end 2022. HXPN has moved its headquarters to Frisco, TX, aligning with its growth strategy.

HXPN, an emerging technologies and mineral resources company, has signed a Letter of Intent to invest up to $100 million in Mid-Con Energy Operating, an oil and gas exploration firm. Mid-Con specializes in secondary recovery methods in conventional oil fields, targeting almost 10 million barrels of recoverable reserves, with potential for an additional 20 million barrels. Both companies are conducting due diligence, expecting to finalize the investment by June 2022. This collaboration aims to create long-term value through strategic project development.

HXPN, an emerging technologies and mineral resources company, has finalized its investment in Sheppard Pool Energy, acquiring a 75% equity interest. The investment focuses on oil and gas exploration in northeastern Oklahoma, with SPE holding over 4,900 acres of leasehold. HXPN plans to capitalize on fifteen identified re-completion opportunities and several new drilling locations. Additionally, HXPN has engaged OPUS AMDG to assist in issuing a Senior Secured Note worth $500 million, expected to fund further capital investments by Q2 2022.

HXPN, Inc. has signed a letter of intent to acquire 75% equity interest in Sheppard Pool Energy LLC, an Oklahoma-based oil and gas exploration company. The deal enables HXPN to provide capital for SPE's oil and gas ventures in northeastern Oklahoma, where SPE holds over 4,900 acres and has identified numerous re-completion opportunities. The estimated reserve is 3 million barrels of oil equivalent. Additionally, SPE's proprietary technology addresses water handling in oil extraction. The transaction is expected to close by December 31, 2021.

HXPN announced a commitment from OPUS AMDG, Inc. to raise $500 million through a Global Note, aimed at funding multiple equity investments. The capital raise is expected to be completed by December 31, 2021, pending due diligence. HXPN's CEO, Steve Bailey, expressed enthusiasm for this partnership, highlighting OPUS as a key ally for capital support. Additionally, HXPN terminated its Letter of Intent with H20EMC2 due to differences in ownership structure, opting to sever ties to avoid potential issues.

HXPN, Inc. has announced a letter of intent to acquire H2O EMC2 in an all-stock deal, aiming to enhance its portfolio in emerging technologies. H2O specializes in manufacturing Atmospheric Water Generators (AWGs) that generate potable water using hydrogen-based clean power. The parties are conducting due diligence, with a projected transaction close by Q2 or early Q3 2021. The deal also includes the issuance of 55 million convertible warrants to H2O's founders. This acquisition represents HXPN's first, highlighting its commitment to addressing global clean water challenges.

HXPN, Inc. (OTCQB: HXPN) announced on May 14, 2021, that Stephen L. Bailey has been appointed Chairman, President, CEO, and interim CFO. Bailey's tenure at HXPN began on May 10, 2021, after previously serving as a consultant. The company, which has been inactive for several years, will focus on mineral resources and emerging technologies. Bailey has over 12 years of management experience, including positions at Sapphire Exploration LLC and Gulf Energy Exploration Corp. The company aims to achieve compliance with SEC requirements by June 30, 2021.