HNR Acquisition Corp Announces 4th Quarter and Year End December 31, 2023 Earnings Release and Conference Call

HOUSTON, TX / ACCESSWIRE / April 17, 2024 / HNR Acquisition Corp (NYSE American:HNRA) (the "Company" or "HNRA") is an independent upstream energy company. Today, the Company announces it will hold a conference call on Tuesday, April 30, 2024 regarding its fourth quarter and year-end December 31, 2023 results.

The Company's conference call will be held Tuesday, April 30, 2024 at 11:00 a.m. eastern to review HNRA's financial results, discuss recent events and conduct a short Q&A.

The call will be chaired by Dante Caravaggio, President & CEO, and Mitchell B. Trotter, Chief Financial Officer. Other members of the management team will be available to answer questions.

An audio webcast of the conference call will be available within two hours of the call on the HNRA website. To listen to a live broadcast, visit the website at least 15 minutes prior to the scheduled start to register, download and install any necessary audio software.

To participate in the live teleconference:

Domestic: 888-506-0062
International: 973-528-0011
Participant Access Code: 322478

To listen to a replay of the teleconference, which will be available through Tuesday, May 14, 2024, please visit the investor relations section of the HNRA website or call one of the numbers below:

Domestic Replay: 877-481-4010
International Replay: 919-882-2331
Access Code: 50462
For the webcast: https://www.webcaster4.com/Webcast/Page/2999/50462

About the Oil Field Property

In November 2023, the Company acquired LH Operating, LLC ("LHO") including its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico.

Leasehold rights of LHO, now a wholly owned subsidiary of the Company, include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. ("Cobb"), reflects LHO to have proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas. The mapped original-oil-in-place ("OOIP") in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil.