HNR Acquisition Corp Announces Results for First Quarter Ended March 31, 2024 and Actions to Increase Production [Yahoo! Finance]
HNR Acquisition Corp Class A (HNRA)
Company Research
Source: Yahoo! Finance
Today, the Company announced results as an operating company for the first quarter ended March 31, 2024. The Company also outlines action plans to increase production. First Quarter of 2024 Results HNRA acquired the operating company LH Operating, LLC ("LHO") on November 15, 2023. The reported financial results and production results prior to that date are those of the predecessor and are not comparable to current and future results under HNRA control. We are through the initial discovery phase of the condition of the field and wells, and the review of the potential oil reserves. While the field was below expectations, the potential oil reserves are higher than what we expected based on discussions with the third-party independent engineering firm. We are optimistic of our long-term growth and future. During Q1, HNRA stabilized production that had been declining prior to the acquisition. HNRA has experienced $1.2 million of unexpected repair and maintenance costs to get the fiel
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News
- HNR Acquisition Corp - Reminder of the Conference Call for First Quarter Ended March 31, 2024 on May 23, 2024 at 11:00 a.m. EDT [Yahoo! Finance]Yahoo! Finance
- HNR Acquisition Corp - Reminder of the Conference Call for First Quarter Ended March 31, 2024 on May 23, 2024 at 11:00 a.m. EDTAccesswire
- HNR Acquisition Corp Announces Results for First Quarter Ended March 31, 2024 and Actions to Increase Production Accesswire
- HNR Acquisition Corp Reports Compliance with NYSE American Company Guide Following Filing of its Annual Report on Form 10-K on May 3, 2024Accesswire
- HNR Acquisition Corp Reports Financial Results for Six Weeks as an Operating Company and for the Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
HNRA
Sec Filings
- 6/5/24 - Form 10-Q/A
- 5/20/24 - Form 10-Q
- 5/15/24 - Form NT
- HNRA's page on the SEC website