Ameerex Corporation Confirms Entry into the U.S. Oil Market Through British Joint Venture Falcon Caddo Venture to Reach 5,000 Barrels per Day in Texas

Rhea-AI Summary

Ameerex Corporation (OTC:HIRU) confirmed a strategic U.S. entry by acquiring an initial 40% equity stake in Falcon Caddo Venture LLC, operator of the Rasberry Unit Field in Foard County, Texas.

The Rasberry Unit covers ~4,435 acres in the Caddo Limestone Reef with an estimated 24 million barrels BOE in place. Ameerex expects production to rise from ~800 BOPD to ~5,000 BOPD by mid-2026 via 18 well redevelopments, expanded water injection to 15,000 BPD, and enhanced secondary recovery. The venture is equity-financed by principal Qatari shareholders with no bank debt. Ameerex is also negotiating a Canada producing-asset partnership exceeding 5,000 BOPD as a next phase.

Positive

• Initial 40% equity stake in Falcon Caddo Venture
• Production target: ~5,000 BOPD by mid-2026
• Asset scale: 24 million BOE estimated in place
• Equity-financed, no bank debt for the venture

Negative

• Ramp depends on activation of 18 wells and infrastructure upgrades
• Funding concentrated with principal Qatari shareholders, concentration risk
• Production target is a future forecast (mid-2026) and not yet realized

ATLANTA, GA / ACCESS Newswire / November 11, 2025 / AMEEREX Corporation (OTC:HIRU), formerly HIRU Corporation, confirmed its official participation in the U.S. energy market through a strategic joint venture with a British energy partner, acquiring an initial 40% equity participation in Falcon Caddo Venture LLC, operator of the Rasberry Unit Field Project in Texas.

Ameerex's participation is structured to increase during subsequent development phases, with production on track to reach approximately 5,000 barrels of oil per day (BOPD) by mid-2026.

Falcon Caddo: The Core of Ameerex's U.S. Expansion

The Rasberry Unit Field, located in Foard County, Texas, spans approximately 4,435 acres within the prolific Caddo Limestone Reef formation.

Originally discovered by Exxon in 1955, the field remains one of the region's most technically proven assets, containing an estimated 24 million barrels of oil equivalent (BOE) in place.

The reservoir's naturally fractured and porous limestone enables efficient horizontal redevelopment without hydraulic fracturing, ensuring high recovery rates and reduced operational costs.

The redevelopment program includes:

• 18 wells scheduled for activation and horizontal redevelopment,

• Expansion of water-injection capacity to 15,000 barrels per day,

• Implementation of enhanced secondary-recovery systems, and

• Upgraded tank-battery and injection infrastructure supported by Sunoco offtake agreements.

• Production is expected to increase from approximately 800 barrels per day to nearly 5,000 barrels per day by the second quarter of 2026, positioning Falcon Caddo as one of the most dynamic field redevelopments in Texas.

Equity-Financed, Debt-Free Growth

Ameerex confirmed that the entire Falcon Caddo Venture is financed exclusively through equity contributions from its principal Qatari shareholders, with no reliance on bank loans, debt instruments, or credit facilities.

This self-funded model underscores the Company's commitment to financial independence, transparency, and direct shareholder value creation.

"Falcon Caddo marks the realization of Ameerex's strategic entry into oil and gas - an investment model built on strong partnerships and zero debt," said H.E. Sheikh Khalid Nasser Al-Thani, Chairman and Chief Executive Officer of Ameerex Corporation.

"Backed by our principal Qatari shareholders, this venture demonstrates Ameerex's capacity to execute high-yield projects with discipline, sustainability, and long-term value for our investors."

Next Phase: Canadian Expansion with a Major Middle Eastern Energy Group

Ameerex also confirmed it is in advanced negotiations with a major oil and gas company from the Middle East regarding producing assets in Canada that are already delivering over 5,000 barrels per day.

This initiative will represent the second phase of Ameerex's North American expansion, combining Gulf capital and expertise with established North American production infrastructure.

A dedicated announcement will follow once the structure of this partnership is finalized.

About Ameerex Corporation

Ameerex Corporation is a Qatar-based diversified holding company investing in energy, mining, and industrial sectors.

Through its upstream division, Ameerex acquires and develops producing and near-producing oilfields across North America, emphasizing operational efficiency, debt-free expansion, and long-term shareholder value creation.

This press release contains forward-looking statements, including statements regarding legal strategy and anticipated outcomes. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. AMEEREX undertakes no obligation to update forward-looking statements except as required by law.

Ameerex Corporation - Doha, Qatar
3379 Peachtree Road NE, Suite 700
Atlanta, GA 30326
Email: info@ameerex.com
Phone: +1 775-312-2773

SOURCE: Hiru Corp.

View the original press release on ACCESS Newswire

FAQ

What stake did Ameerex (OTC:HIRU) acquire in Falcon Caddo Venture on November 11, 2025?

Ameerex acquired an initial 40% equity participation in Falcon Caddo Venture LLC.

How much oil production does Ameerex expect from the Rasberry Unit by mid-2026?

Ameerex expects production to increase to approximately 5,000 barrels per day by mid-2026.

What are the key redevelopment actions planned for the Rasberry Unit (HIRU)?

Plans include 18 wells for horizontal redevelopment, water-injection expansion to 15,000 BPD, and enhanced secondary-recovery systems.

Is the Falcon Caddo Venture debt-financed or equity-financed for HIRU investors?

The venture is financed exclusively through equity contributions from principal Qatari shareholders with no bank loans or credit facilities.

How large is the Rasberry Unit field Ameerex is developing (OTC:HIRU)?

The Rasberry Unit spans about 4,435 acres in the Caddo Limestone Reef with an estimated 24 million BOE in place.

What is Ameerex's next North American expansion step mentioned on November 11, 2025?

Ameerex is in advanced talks with a major Middle Eastern energy group on Canadian producing assets already delivering over 5,000 BOPD.