PR Newswire
HOUSTON, Oct. 4, 2023
Appraised asset values of $2.60 per share - 2023 proforma earnings of $0.08 per share
HOUSTON, Oct. 4, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNRC or the Company") updated shareholders with a summary of its recent business developments, significant achievements, as well as provide some insight into the strategic direction for 2023 and beyond. The company has filed for a name change to Cunningham Natural Resources Corp, a symbol and CUSIP change.
The company has appraised asset values of $2.90 per share, with the 2023 proforma earnings of $0.08 per share. The company is dedicated to increasing stockholder value and has completed the following achievements in 2023:
About Houston Natural Resources Corp
Houston Natural Resources Corp. (OTC: HNRC) (www.hnrcholdings.com) is a diversified energy company with oil and gas interests. The Company has recently acquired a 100% interest in Cunningham Energy LLC, with appraised reserves of $352 million. The Company also has minority investments in Rhino Energy Ltd, CE Energy Sponsors, LLC and HNR Acquisition Corp. The Company will also continue to seek new energy and energy transitions opportunities as it focuses on creating more value for shareholders.
About Cunningham Natural Resources Corp
Cunningham Natural Resources Corp (www.cunninghamnaturalresources.com) will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.
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.
12 Greenway Plaza, Suite 1100
Houston, Texas 77046
Phone: (713) 425-4901
E-mail: frank@hnrcholdings.com
Website: www.hnrcholdings.com
Twitter: https://twitter.com/CunninghamCorp
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SOURCE Houston Natural Resources Corp
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