HNRC Reports Record Third Quarter 2021 Financial Results

Significant Growth Reported in Total Revenue (81%)
Significant Increase in Operating Earnings (192%)

HOUSTON, Texas, November 12, 2021– Houston Natural Resources Corp. (OTC: HNRC) (“HNRC or the Company”) announced record results for the quarter ending September 30, 2021.

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 that is dedicated to increase increasing stockholder value through recycling and remediation oil services. WDHI has business operations that provide products & services in the Information Technology & Healthcare markets.

Financial Results: Nine Months September 30 2021 vs Nine Months September 30, 2020

  • Total revenue for nine months was $12,855,708 compared to $7,094,342, increase of 81%
  • Total earnings for nine months were $6,307,247 compared to $2,153,149, increase of 192%
  • Total assets for nine months were $73,698,571 compared to $72,400,934, increase of 1%
  • Earnings per share for nine months was $0.34c compared to $0.17c, increase of 100%
  • The company has a net asset value of $4.00 per share.

Financial Results: Q3 2021 vs Q3 2020

  • Total revenue Q3 2021 was $5,241,175 compared to $2,417,884, an increase of 117%
  • Total earnings Q3 2021 was $1,991,208 compared to $771,351 an increase of 158%

Frank Kristan, President of Houston Natural Resources Corp commented that: “We are delighted that our growth is continuing with strong third quarter results. The company’s increase in revenues and earnings has been due to an increase in services it provides to its portfolio companies with an increased volume of business from wastewater treatment and disposal facility located in Wilson County, Texas. This includes fee income from wastewater disposal treatment provided to producers and increased oil sales recovered from the wastewater treatment processing. We anticipate consistent growth from revenue and profit in 2022. The company is evaluating acquisitions of water treatment plants, oil and gas and other technology acquisitions.”

Recent Expansion Highlights

HNRI has acquired approximately 2,800 acres of oil and gas leases located in the Halff Oil Field in Crockett County, Texas with proven and appraised reserves of $69 million and 83 oil wells to be reworked. HNRI subsidiary HNR Oil Services LLC has appraised assets of more than $7m. It recently completed financing for additional equipment to double its capacity in 2022.

About Houston Natural Resources Corp

Houston Natural Resources Corp (www.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.

HNRC Environmental Remediation Services and Upside Outlined

HOUSTON, Sept. 27, 2021 — Houston Natural Resources Corp (OTC: HNRC) (“HNR or the Company”) announced today HNR owns 100% of the shares of its subsidiary, HNR Oil Services LLC, a Texas limited liability company, specializing in recycling and remediation of oil produced contaminates. HNR owns and operates a licensed reclamation plant strategically located in South Texas.

HNR Oil Services LLC., is responsible for collecting fluids from third-party operators and disposing of the fluids in the company owned, disposal well; and ultimately, remediating oil field waste solids at its treating facility is designed specifically for:

  • Maximining environmental protection for the oil producer, and
  • Generating multiple streams of revenue for HNR Oil Services, and
  • Exceeding all state and federal regulatory requirements.

This trailblazing facility eliminates antiquated disposal methods of harmful drilling byproducts and contribute to producer profits by eliminating potential liability costs associated with environmental pollutions. This recycling facility is comparable to no other in Texas. Profits attributable to this endeavor are quite significant and can produce substantial growth for the company and its shareholder returns for many years to come.

Management plans to open six additional Oil Service Remediation facilities in the next five years. If our timing projections are accurate, our N.O.I. forecast for the 5th year could be over $55 million from HNR Oil Services, LLC subsidiary alone.

We believe we have a significant advantage in this market space with the current significant need and demand to eliminate toxic waste and remediate, while helping Oil & Gas producers maintain State & Federal compliance.

Houston Natural Resources Corp and its subsidiaries are led by a highly qualified and experienced team of business experts, engineers, geologist, geophysicist, scientist and accountants. Collectively contributing their many decades professional and practical experience for HNR and its’ shareholders.

David Elks, Manager and President, HNR Oil Services LLC: Has over 35 years’ experience in the oil and gas industry. Has built, installed, and operated multiple oil and gas processing plants and facilities in and outside of the US, including but not limited to, crude oil topping plants, pipe line products recycling, drilling waste recycling, and waste oil recycling plants.

Mr. Elks has owned and operated several oil services companies, supervising work-over rigs and machine shops; Has supervised oil field mechanics and roustabout crews related oil field gathering facilities and has owned and operated multiple oil and gas fields.

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. HNRC anticipates up listing onto OTCQX or major exchange. The company is preparing an SEC filing to become an SEC reporting company.

About Worldwide Diversified Holdings, Inc.

Worldwide Diversified Holdings, Inc.(www.wdhinc.net). The company is a diversified holding company with investments and business operations that provide products & services in the Information Technology & Healthcare markets.

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
Phone: +1 757-707-4563
Houston Texas USA.

HNRC Outlines Five Revenue Streams

HOUSTON, Sept. 22, 2021— Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) announced today that it expects the company and its subsidiaries to report strong future growth from multiple revenue streams.

The Company’s subsidiary Houston Natural Resources, Inc (“HNRI”) has a wholly owned subsidiary, HNR Oil Services LLC that owns a licensed, multifaceted recycling facility that provides environmental remediation and protection for both the planet and its producer. The Company generates multiple streams of revenue via saltwater disposal & byproduct remediation, that includes the following sources:

Fee income from wastewater disposal treatment provided to producers.
Oil sales recovered from the water treatment processing
Future oil and gas sales from development of 83 existing wells. The company intends to obtain financing of up to $1.5 million to commence the rework of the wells in the fourth quarter of 2021 to commence generating revenue
After completion of construction and installation of Thermal Distortion Unit (TDU) anticipated in the 1st quarter of 2022. The Toxic Solids Destruction Remediation & Recycling side of the facility. Road based material sales are expected to generate an additional $500,000 – $1 million per month in N.O.I.
Worldwide Diversified Holdings, Inc (“WDHI”) anticipates long term, consistent revenues from fee and interest income from its assets.
WDHI has business operations that provide products & services in the Information Technology & Healthcare markets. WDHI generated $9,523,634 in revenues & $2,973,320 in earnings from fee and interest income for the period ended December 31, 2020. Expansion of existing operations and acquisitions are being considered for 2022 to continue increasing shareholder value.

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. HNRC anticipates up listing onto OTCQX or major exchange. The company is preparing an SEC filing to become an SEC reporting company.

About Worldwide Diversified Holdings, Inc.

Worldwide Diversified Holdings, Inc.(www.wdhinc.net). The company is a diversified holding company with investments and business operations that provide products & services in the Information Technology & Healthcare markets.

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
Phone: +1-(757)-707-4563
Houston Texas USA

 

HNRC 90 Day Plan For Rapid Growth, Expansion And Acquisitions

HOUSTON, Aug. 19, 2021 /PRNewswire/ — Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) outlined today its plans over the next ninety days for its subsidiary Houston Natural Resources, Inc.

  • Announce a target acquisition to increase revenue and assets.
  • Increase the volume at its water treatment facility, operated by its subsidiary HNR Oil Services LLC, from the more than 1,000 truckloads per month currently being processed.
  • Complete the installation of the recently purchased equipment for a second facility to increase capacity and begin processing additional wastewater.
  • Engage a working partner to re-work the company’s 83 wells to start generating additional revenue from producing wells.
    Initiate listing onto a major exchange

The company recently reported net earnings have increased 186% to $4,105,594 on revenues of $7,614,534 for the six-month period ending June 30, 2021 from $1,496,869 net profits on revenues of $4,534,495 revenues for the same period ending June 30, 2020. The company reported $0.26c per share in earnings for the first six months of 2021.

The company’s net assets have increased to $73,466,688 for the period ending June 30, 2021 as compared to $72,315,383 for the same period ending June 30, 2020.

The company’s net asset value is $4.76 per share for the period ending June 30, 2021.

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.

HNRI has acquired approximately 2,800 acres of oil and gas leases located in the Halff Oil Field in Crockett County, Texas with proven and appraised reserves of $69 million and 83 oil wells to be reworked. HNRI has completed two years of its audited statements and detailed independent appraisals of the assets. HNRI is evaluating raising capital through a Regulation A filing or S-1 Registration that will provide for a separate listing on a major exchange. HNRI is currently reviewing possible acquisitions of producing oil and gas properties in addition to developing its water treatment facilities that are operated by its subsidiary HNR Oil Services, LLC.

The facility is currently permitted for disposal of twenty-five thousand barrels per day of oil field toxic waste fluids and is permitted and will soon expand to sterilizing oil field toxic solids waste. These unique permits have allowed HNR Oil Services to issue its customers a Texas State Certificate of Destruction of such toxic waste. This is an especially important step in environmental protection by keeping toxic materials out of land fields.

HNR Oil Services anticipates a rapid expansion with four additional processing facilities across all suitable oil and gas producing regions, increasing to seven facilities in the next five years.

About Houston Natural Resources Corp

Houston Natural Resources Corp (https://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
757-707-4563
Houston Texas USA.

HNRC to Rework 83 Wells, $69 Million in Proven Reserves

HOUSTON, Aug. 31, 2021— Houston Natural Resources Corp. (OTC: HNRC) (“HNRC or the Company”) outlined today its plans to develop the $69 million in reserves it currently owns in the Halff Oil Field Property in Crockett County, Texas. The reserves represent an asset value of $4.60 per share.

HNRC subsidiary Houston Natural Resources Inc (“HNRI”) has acquired approximately 2,800 acres located in the Halff Oil Field in Crockett County, Texas. This oil field is noteworthy for several reasons:

  • Located in the most prolific oil area in the USA.
  • An existing oil field with proved reserves and 83 oil wells to be reworked.
  • Has a prolific oil zone called the San Andres formation that has not been exploited at the present time. The primary producing reservoir is the Grayburg sand of Permian age. The Halff Oil Field has produced about 3,900,000 barrels of oil to date from the Grayburg Sand. The original oil in place in the Grayburg Sand is calculated to be 36,900,000 barrels of oil. This Zone has been producing oil for over 50 years including the Halff Oil Field. It will continue to be a productive area for at least another 20+ years.

The company intends to obtain financing of up to $1,500,000 to commence the rework of the wells in the fourth quarter of 2021 to commence generating revenue.

The company’s net assets have increased to $73,466,688 for the period ending June 30, 2021 as compared to $72,315,383 for the same period ending June 30, 2020.

The company’s net asset value is $4.76 per share for the period ending June 30, 2021 that does not include the additional $4.60 per share for the company’s appraised reserves.

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.

HNRI is currently reviewing possible acquisitions of producing oil and gas properties in addition to developing its water treatment facilities that are operated by its subsidiary HNR Oil Services, LLC. The facility is currently permitted for disposal of twenty-five thousand barrels per day of oil field toxic waste fluids and is permitted and will soon expand to sterilizing oil field toxic solids waste. These unique permits have allowed HNR Oil Services to issue its customers a Texas State Certificate of Destruction of such toxic waste. This is an especially important step in environmental protection by keeping toxic materials out of land fields.

About Houston Natural Resources Corp

Houston Natural Resources Corp (https://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
Phone: +1 757-707-4563

HNRC Projects Strong Third Quarter Earnings

HOUSTON, Sept. 14, 2021 — 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
Phone: +1 757-707-4563
Houston Texas USA

HNRC Reports Record Second Quarter Results – Increases 186%

HOUSTON, Aug. 11, 2021— Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) announced today record results for the quarter ending June 30, 2021.

The company’s net earnings have increased 186% to $4,105,594 on revenues of $7,614,534 for the six-month period ending June 30, 2021 from $1,496,869 net profits on revenues of $4,534,495 revenues for the same period ending June 30, 2020. The company reported $0.26c per share in earnings for the first six months of 2021.

The company’s net assets have increased to $73,466,688 for the period ending June 30, 2021 as compared to $72,315,383 for the same period ending June 30, 2020.

The company’s net asset value is $4.76 per share for the period ending June 30, 2021.

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.

HNRI has acquired approximately 2,800 acres of oil and gas leases located in the Halff Oil Field in Crockett County, Texas with proven and appraised reserves of $69 million and 83 oil wells to be reworked. HNRI has completed two years of its audited statements and detailed independent appraisals of the assets. HNRI is evaluating raising capital through a Regulation A filing or S-1 Registration that will provide for a separate listing on a major exchange. HNRI is currently reviewing possible acquisitions of producing oil and gas properties in addition to developing its water treatment facilities that are operated by its subsidiary HNR Oil Services, LLC.

The company’s subsidiary HNR Oil Services LLC owns a water treatment and disposal facility located in Wilson County, Texas that exceed all state and federal regulatory requirements, provide maximum environmental protection and will generate multiple streams of revenue for the company via the saltwater disposal and byproduct remediation. It recently completed financing for additional equipment to increase its capabilities.

The facility is currently permitted for disposal of twenty-five thousand barrels per day of oil field toxic waste fluids and is permitted and will soon expand to sterilizing oil field toxic solids waste. These unique permits have allowed HNR Oil Services to issue its customers a Texas State Certificate of Destruction of such toxic waste. This is an especially important step in environmental protection by keeping toxic materials out of land fields.

HNR Oil Services anticipates a rapid expansion with four additional processing facilities across all suitable oil and gas producing regions, increasing to seven facilities in the next five years.

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
Phone: +1 757-707-4563

HNRC Has A Strong Debt To Equity Ratio Of Less Than 2%

HOUSTON, Aug. 5, 2021-– Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) has a strong balance sheet to continue its aggressive growth in 2021 with a debt- to-equity ratio of less than 2%.

The oil industry has about a 40% debt-to-capital threshold. Above that level, debt costs increase considerably. The company has been able to use its low debt ratio to acquire equipment and is now well positioned to make future acquisitions.

According to Investopedia… “Investors in the oil and gas industry should keep an eye on the debt levels on the balance sheet. It is such a capital-intensive industry that high levels of debt can put a strain on a company’s credit ratings, weakening its ability to purchase new equipment or finance other capital projects. Poor credit ratings can also harm its ability to acquire new businesses.”

In addition, Investopedia states… “Debt, when used properly, can increase shareholder returns. Having too much debt, however, leaves firms vulnerable to economic downturns and interest rate hikes. Too much debt can also increase the perceived risk with the business and discourage investors from investing more capital.”

The Company’s net asset value is $4.71 per share for the period ending March 31, 2021.

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. 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 currently has a total of $9.67 per share in assets. 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.

According to industry research, the S&P 500 Integrated Oil & Gas Index, forward earnings, & valuation, as of August 4, 2021, is between 8x and 14x forward earnings. This would imply a target value for HNRC of $6.16 per share and $10.78 per share based on its projected earning.

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 (www.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.

HNRC Continues Aggressive Growth

HOUSTON, July 28, 2021 — Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) continues its aggressive growth in 2021 with projections to substantially increase revenues and earnings over the next three years.

The company’s revenues have increased by more than 200% to $9,523,634 over the last three years with net income increasing by more than 300% to $2,973,320. The company’s portfolio companies have generated more than $30 million in revenue since 2016.

The company projects total combined revenues of $23 million and $12 million in earnings. The forward earnings per share are projected to be $0.77c per share compared to $0.19c per share for 2020. The company expects second quarter earnings to be in line with the projections. The company expects the strong revenues to come from new equipment that comes online in the third quarter, internal growth and acquisitions.

According to industry research, the S&P 500 Integrated Oil & Gas Index, forward earnings, & valuation, as of July 26,2021, is between 8x and 14x forward earnings. This would imply a target value for HNRC of $6.16 per share and $10.78 per share.

The Street Now has initiated coverage of the company with a strong buy recommendation.

The Company expects to complete a transaction in the third or fourth quarter of 2021 and anticipates the acquisition to be at least $100 million in revenue.

The Company’s management team is well positioned to identify attractive risk-adjusted returns in the marketplace through their contacts and transaction sources, ranging from industry executives, private owners, private equity funds, and investment bankers. Our management believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy.

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 (www.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
757-707-4563

HNRC Targets $140 Billion Asset Sales

HOUSTON, July 21, 2021— Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) announced today that its subsidiary Houston Natural Resources, Inc is targeting acquisitions of producing oil and gas properties.

The total value of oil and gas assets up for sale across the industry stands at more than $140 Billion, according to the consultancy firm Wood Mackenzie. The disposals come amid rising speculation about “stranded assets” — huge oil and gas reserves that might never be extracted if the world pursues the Paris climate goals.

“One company’s transition away from fossil fuels is another’s opportunity to double down. Under intense pressure from investors and activists to take more action on climate change, some of the world’s biggest oil and gas companies are putting billions of dollars’ worth of assets up for sale,” says Anjli Raval of the Financial Times.

“These operational assets will mint money like you have no idea over the next three to five years,” says Laurent Segalen, a clean energy investment banker and managing partner at Megawatt-X, a platform which aims to enable the funding of the energy transition. “Hedge funds, private equity, companies you have never heard of, will pick these assets off.”

The Company expects to complete a transaction in the third or fourth quarter of 2021 and anticipates the acquisition to be at least $100 million in revenue.

The Company’s management team is well positioned to identify attractive risk-adjusted returns in the marketplace through their contacts and transaction sources, ranging from industry executives, private owners, private equity funds, and investment bankers. Our management believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy.

The Company’s net asset value is $4.71 per share for the period ending March 31, 2021.

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.

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 (www.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
Phone: +1 757-707-4563
Houston Texas USA