HNRC
PROJECTS
STRONG SECOND QUARTER EARNINGS
HOUSTON,
TX -- July 19, 2021 -- InvestorsHub NewsWire
-- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") announced today
that it
expects strong results for the
quarter ending June
30, 2021.
The
company's net assets have increased by more than
110%
to $72,616,087 over
the last three years. The company's net
asset value is $4.71 per
share for the period ending March
31, 2021. The company
intends to continue to
acquire additional
assets
over the next three years.
The
company's revenues
have
increased by more than
200%
to
$9,523,634
over the
last three years with
net
income increasing by more than 300% to
$2,973,320.
The
company expects its second quarter
earnings to exceed current projections.
In
addition, the Company's subsidiary Houston Natural Resources, Inc
("HNRI") has independently appraised value of $69,000,000 in proven
reserves that are valued at $4.47 per share.
HNRI has
acquired approximately 2,800 acres of oil and gas leases located in
the Halff Oil Field in Crockett County, Texas. HNRI is currently
reviewing possible acquisitions of producing oil and gas properties
in addition to operating its water treatment facilities operated by
its subsidiary HNR Oil Services, LLC.
HNR Oil
Services LLC, has independently appraised value of $7,600,000 in
equipment and permits that are valued a $0.49 per share.
The
Company 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 strategy may include asset sales,
a spin-off
of one or
more of its subsidiaries and dividends to
shareholders.
The Company 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 strategy may include asset sales,
a
spin
off
of one or more of
its subsidiaries
and
dividends to
shareholders.
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.
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.
