HNRC
TARGETS
UP
LISTING TO NYSE / NASDAQ
HOUSTON,
TX -- June 15, 2021 -- InvestorsHub NewsWire
-- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") confirmed today that
it
is targeting up listing to either
the NYSE or NASDAQ markets in the fourth quarter of this
year.
The
Company anticipates
reaching a Market
Capitalization
in
excess
of $50
million
dollars, with a
minimum
bid price
of $4.00 per share, in addition to
meeting all
the
other
minimum
requirements for the
NASDAQ or NYSE
listing.
The Company has
previously announced that it intends to focus on realizing the
value on the total of $9.67 per share in assets held by its
subsidiaries for the benefit of the shareholders.
The
company projects total combined revenues of $23 million and $12
million in earnings for the
year ending
December 31, 2021.
The
forward
earnings
per share are
projected to be $0.77c per share. According
to industry
research,
the
S&P
500 Integrated Oil
& Gas Index,
forward
earnings,
& valuation,
between
8x
and
14x
forward
earnings. This
would imply a target value for
HNRC of
$6.16 per share and $10.78
per share.
The
company projects it will meet the NYSE or NASDAQ listing
requirements providing for it to trade on either of the exchanges
in the fourth quarter of 2021.
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.
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.
