HOUSTON
NATURAL RESOURCES CORP
UPDATES
SHAREHOLDERS
HOUSTON,
TX -- May 4, 2021 -- InvestorsHub NewsWire
-- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") announced
today record results for
the year ending December 31, 2020.
The company's net
assets have increased 34%
to
$72,514,735
for the
period ending December
31,
2020
as
compared to $54,131,239
for the
same period ending December 31,
2019.
The company's
revenues
have
increased 214%
to
$9,523,634
for the
period ending December
31,
2020 from
$3,029,118
revenues
for the same period ending December 31,
2019. The company's
net
earnings
have
increased to
$2,973,320
for the
period ending December 31, 2020 from $31,694
net
earnings for the same period
ending December 31, 2019.
The company's net
asset value is $4.76c per share for the
period ending December 31,
2020.
HNRC
is a
diversified holding company that
has two
subsidiaries,
Houston Natural Resources, Inc ("HNRI")
and
Worldwide
Diversified Holdings, Inc ("WDHI").
HNRI
owns
oil and
gas properties and a
waste-water
treatment plant.
WDHI has business operations
that provide products & services in the Information Technology
& Healthcare markets. HNRC
anticipates up
listing
onto OTCQX
or
major exchange. The company is preparing an SEC filing to become an
SEC reporting
company.
HNRI has acquired
approximately 2,800 acres of oil and gas leases located in
the Halff
Oil Field
in Crockett County, Texas with proven and appraised reserves of $69
million and 83 oil wells to be reworked. HNRI is completing
its audited statements and detailed independent appraisals of the
assets. HNRI is evaluating
raising capital through a Regulation A filing or S-1 Registration
that will provide for a separate listing on a major exchange. HNRI
is currently reviewing possible acquisitions of producing oil and
gas properties in addition to developing its water treatment
facilities that are operated by its subsidiary HNR Oil Services,
LLC.
The company's
subsidiary HNR Oil Services LLC owns a water treatment and disposal
facility located in Wilson County, Texas that exceed all state and
federal regulatory requirements, provide maximum environmental
protection and will generate multiple streams of revenue for the
company via the saltwater disposal and byproduct
remediation.
The YO
Ranch facility is focused on the process of removing undesirable
chemicals, suspended solids,
oil
and
gases
from
contaminated
water
and
solids.
By the
end of 2021 this facility is expected to generate $15
million
in revenues with $10
million in earnings. HNR Oil Services LLC expects to
commence construction
of
its
second
facility
in the fourth quarter.
The
facility is currently permitted for disposal of twenty-five
thousand barrels
per day of oil field toxic waste fluids and is permitted and will
soon expand to sterilizing oil
field toxic solids waste. These unique permits have allowed HNR Oil
Services to issue its customers
a Texas State Certificate of Destruction of such toxic waste. This
is an especially important
step
in
environmental
protection by keeping toxic materials
out of
land fields.
HNR
Oil
Services
anticipates
a
rapid
expansion
with
four
additional processing
facilities
across
all
suitable
oil
and gas
producing regions, increasing
to
seven
facilities
in
the
next
five
years.
The
company projects the total combined revenues of
$23
million
and $12
million in earnings
for
2021.
About
Houston Natural Resources Corp
Houston
Natural Resources Corp (www.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@HoustonNaturalResources.com
Houston
Texas USA.