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Stock impact report

HNR Acquisition Corp Announces a Significant Increase in Potential Oil Recovery from the Grayburg-Jackson Field [Yahoo! Finance]

HNR Acquisition Corp Class A (HNRA) 
Company Research Source: Yahoo! Finance
focused on the acquisition, development, exploration and production of oil and gas properties in the Permian Basin. Today, the Company announces that the potential untapped oil in the prolific Grayburg and San Andres oil zones may be accessed in the near term. After a series of management meetings with its independent petroleum consultants to review well log data and historical completion data, in addition to the previously announced proven reserves, there may be 34 million barrels of oil to be accessed in the prolific Grayburg and San Andres zones by simply adding perforations to existing wells in the Grayburg and San Andres formations in the Company's leasehold. Management has a dual path analysis underway where our VP of Operations is focused on maximizing short-term and long-term production in the Seven Rivers zone, and the Company's consulting geologist is assessing the best approach to recover oil from the Grayburg and San Andres zones. The Grayburg-Jackson field is currentl Show less Read more
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