HNRC ENGAGES INTERCAPITAL ENERGY
Houston Natural Resources Corp. (OTC: HNRC) has engaged InterCapital Energy LLC for financing its oil and gas projects.
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Rhea-AI Summary
Houston Natural Resources Corp. (OTC: HNRC) has engaged InterCapital Energy LLC for financing its oil and gas projects. With 30 years of industry experience, InterCapital targets growth opportunities in production and reserves, having managed projects worth up to $1 billion. HNRC is negotiating joint venture agreements for capital development in Texas, aiming for operational status within 60 days. InterCapital will also facilitate future acquisitions. This partnership may enhance HNRC's market position but comes with inherent financing risks.
Positive
- Engagement with InterCapital Energy for financing projects.
- InterCapital's extensive experience in managing large-scale oil and gas projects.
- Expected operational status within 60 days for ongoing negotiations in Texas.
Negative
- None.
Details
News Market Reaction – HNRC
The recorded move for HNRC in the trading session of this news was +23.08%.
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HNRC ENGAGES INTERCAPITAL ENERGY
HOUSTON, May 16, 2022 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today that InterCapital Energy LLC ("InterCapital") has been retained to provide financing on the company's projects.
InterCapital has thirty years of experience in the oil and gas industry and has selected a number of assets with growth opportunities in production and reserves. They have a multidisciplinary team of experts working as one for generating integrated solutions with high value. They have been partners in projects of up to
The company is currently negotiating joint venture agreements with InterCapital to provide capital for the development of its oil and gas fields in Texas. They expected to be operational in the next sixty days. InterCapital will also provide joint venture opportunities to fund the company's future acquisitions.
About Houston Natural Resources Corp
Houston Natural Resources Corp (www.hnrcholdings.com) (OTC:HNRC). The company is a diversified holding company with business operations and investments. The portfolio companies include investments in energy, information technology and healthcare.
About InterCapital Energy LLC
InterCapital Energy LLC (www.intercapitalenergy.com) is a creative private equity boutique firm that specializes in funding oil and gas U.S. projects. Their main objective is to provide funding to small and medium size operator, that are looking to expand production or to acquire producing assets in the oil and gas space in the United States.
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@hnrcholdings.com
Houston Texas USA.
Phone: +1 (757) 707 4563
View original content:https://www.prnewswire.com/news-releases/hnrc-engages-intercapital-energy-301548069.html
SOURCE Houston Natural Resources Corp.
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