HNRC UPDATES ON 18 MONTHS OF
ACCOMPLISHMENTS
HOUSTON, TX -- February 7, 2022 --
InvestorsHub NewsWire -- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") updated its significant
accomplishments in the last 18 months.
The company acquired Houston Natural Resources, Inc ("HNRI")
in March 2020. Subsequently its named changed to Houston Natural
Resources Corp under a new symbol HNRC in June 2020 and the
acquisition was completed in September 2020.
HNRI assets have been independently appraised at more than
$60 million including the lease on more than 2,000 acres with 83
wells. The company is working on obtaining financing to rework the
wells to begin production in 2022.
HNRI subsidiary HNR Oil Services, LLC has opened its initial
facility for wastewater treatment that is processing more than
150,000 barrels per month. The company also separates oil in the
process and receives additional income from the sale of the oil.
The company has acquired additional equipment to enable an increase
in processing wastewater. The company obtained third party
appraisals for the equipment and for oil and gas reserves for more
than $7 million. The additional equipment has doubled the
capacity.
The company is looking at acquiring additional wastewater
treatment facilities and technologies to improve the provide for a
nationwide network for wastewater treatment. The focus is also to
acquire and manage mature natural gas and oil properties to
generate cash flows and provide stability and growth for the
long-term benefit of our stakeholders.
The company has reported record earnings in the last year and
expects that to continue in 2022 in addition to maintaining less
than a 2% Debt to Equity ratio. HNRC has been featured in a number
of third-party research publications.
The company intends to finance future acquisitions through
traditional financing sources and through the sponsoring of special
purpose acquisition corporations focused on energy and energy
transition projects with capital of between $50 million and $150
million.
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