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HNR Acquisition Corp (HNRA) updates investor deck, emphasizing oil and gas operations in the Permian Basin.
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-2.11%
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HNR Acquisition Corp (HNRA) announces the appointment of Mark H. Williams as Corporate Controller and Vice President of Finance and Administration. Williams brings over 30 years of experience in controller-type roles with major global public companies, providing consulting services to HNRA since September 2023. His responsibilities include managing financial and operational transitions, accounting services, audit lead, equipment financing, cash flow forecasts, payables and receivables management, tax support, policy documentation, system and IT support, benefits and HR coordination, and M&A activities.
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-1.97%
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HNR Acquisition Corp (HNRA) announces the expansion of its oil price hedging program, aiming to cover debt service requirements and operating expenses. The program includes swaps and collars, with approximately 60% swaps and 40% collars. The current hedges are at least $70.00 per barrel, with some collars as high as $91.90. HNRA has increased the total hedged oil volume to 268,000 barrels for 2024 and 2025, with plans to add more hedging contracts as market prices dictate favorably priced hedging instruments.
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-3.77%
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HNR Acquisition Corp (HNRA) announced the launch of its upgraded website, aiming to provide comprehensive, up-to-the-minute information to stakeholders and anyone interested in the company. The new website features improved investor relations, an operations section, expanded information on the company and management team, and a new careers section. The company's president and CEO, Dante Caravaggio, emphasized tailoring digital content for current and future investors, with a focus on investor relations pages and availability of the investor presentation as a downloadable PDF. CFO Mitch Trotter highlighted the modern, informative, educational, and straightforward design of the website, aiming to bolster the company's online presence and provide a useful tool for investors.
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-5.08%
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HNR Acquisition Corp (HNRA) is an independent oil and gas company focused on the acquisition, development, exploration, and production of oil and gas properties in the Permian Basin. The company recently completed the acquisition of its interest in the Grayburg-Jackson oil field in Eddy County, New Mexico. The field operates 550 oil and gas wells on 13,700 contiguous acres and has shown consistent revenue growth and positive cash flow. The company's subsidiary, LH Operating, LLC, generated $20.3 million in revenues and $3.9 million in net income for the nine months ended September 30, 2023. HNRA intends to improve capital expenditure efficiency through fine-tuning waterflood completions and pumping methods to enhance oil production and profitability. The management team has identified low-cost opportunities to increase and improve oil production, aiming to achieve the highest return with a fast payout for the company and shareholders.
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-3.9%
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HNR Acquisition Corp (NYSE American:HNRA) announced the appointment of Dante Caravaggio as the new CEO and member of the Board of Directors. Caravaggio brings extensive experience in the energy industry, including a background in petroleum engineering and a track record of high growth in the energy space.
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-3.11%
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HNR Acquisition Corp (HNRA) acquired the Grayburg-Jackson oil field in the Permian Basin through the purchase of equity interests in Pogo Resources, LLC and its subsidiary, LH Operating, LLC. The field has seen a significant increase in production, generating $20.3 million in revenues and $3.9 million in net income for the nine months ended September 30, 2023. With the acquisition, HNRA aims to increase production, expand operations, and exploit other properties within the Permian Basin.
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110.4%
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HNR Acquisition Corp (NYSE American:HNRA) will hold a telephonic conference call to discuss the completion of the business combination of HNRA and Pogo Resources, LLC and its subsidiaries on Wednesday November 16, 2023 at 4:30 pm EST. The company Chairman, CEO, and CFO will discuss the combination, operation, management, and current operating status followed by a question-and-answer period. An audio webcast of the conference call will be available within two hours of the call on the HNRA website. To participate in the teleconference, domestic participants can call 1-888-506-0062 and international participants can call 1-973-528-0011 with the participant access code 299961. A replay of the teleconference will be available through December 1, 2023, and the webcast can be accessed at HTTP://www.webcast4.com/page/2999/4944.
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-55.69%
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HNR Acquisition Corp (HNRA) Completes Business Combination with Pogo Resources, LLC and Subsidiaries. The special purpose acquisition company, HNRA, has successfully finalized its merger with Pogo Resources, LLC and its subsidiaries. This strategic move marks a significant milestone for HNRA, positioning the company for potential growth and expansion in the energy sector. The completion of this business combination is expected to have a positive impact on HNRA's stock performance and market position.
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-13.21%
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HNR Acquisition Corp (HNRA) announced the approval of the proposed business combination with Pogo Resources, LLC to acquire the Grayburg-Jackson oil field in the Permian Basin. The stockholders approved the proposals, and the Business Combination is expected to be completed soon, with the common stock trading on the NYSE American under the symbol 'HNRA'. Additionally, approximately $44.1 million will be removed from the Trust Account to pay the holders who exercised their right to redeem their shares.
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-22.04%
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HNR Acquisition Corp
NYSE:HNRA
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HNRA Stock Data
11.68M
2.49M
111.41%
39.51%
0.41%
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