HNRC
PROJECTS STRONG THIRD QUARTER EARNINGS
HOUSTON, Texas -- September 14,
2021 -- InvestorsHub NewsWire -- Houston
Natural Resources Corp. (OTC:
HNRC) ("HNR or the Company") announced today that it expects to
report strong results for the quarter ending September
30, 2021.
The company's net assets have
increased by more than 100% to $73,446,688 over the last
three years. The company's net asset value is $4.76 per
share for the period ending June 30, 2021. The company intends
to continue to acquire additional assets over the next three
years.
The company's revenues have increased
by more than 150% to $7,614,534 over the last six months from the
previous year and net income increasing by more than 250% to
$4,006,260.
The company expects its third 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. The company has taken delivery of new
equipment to double capacity in the fourth quarter at the water
treatment facility. 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. .
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
(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
