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Houston Natural Resources Corp Completes Acquisition of Pogo Resources, Expanding Oil Production in Permian Basin.

Houston Natural Resources Corp (OTC: HNRC) has completed a business combination with its portfolio company, HNR Acquisition Corp (HNRA), by purchasing all the equity interests in Pogo Resources, LLC and its subsidiary, LH Operating, LLC. HNRA is now an independent oil and natural gas company focused on acquisition, development, exploration and production of oil and gas properties in the Permian Basin. The acquisition includes an interest in the Grayburg-Jackson oil field in New Mexico. All field production of the Company is being sold under long-term contracts to various customers in the USA. The company anticipates declaring a dividend of its HNRRA position in 2024.

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