HNR Acquisition Corp Announces Notice of Failure to Satisfy a Continued Listing Rule or Standard
HNR Acquisition Corp Announces Notice of Failure to Satisfy a Continued Listing Rule or Standard
HOUSTON, TX / ACCESSWIRE / April 23, 2024 / HNR Acquisition Corp (NYSE American:HNRA) (the "Company" or "HNRA") is an independent upstream energy company.
德克薩斯州休斯敦/ACCESSWIRE /2024年4月23日/HNR收購公司（紐約證券交易所美國股票代碼：HNRA）（“公司” 或 “HNRA”）是一家獨立的上游能源公司。
On April 17, 2024, the Company received a notice (the "NYSE Notice") from the NYSE American LLC (the "NYSE American") that the Company is not in compliance with NYSE American listing standards as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "Form 10-K") with the Securities and Exchange Commission (the "SEC").
2024年4月17日，公司收到紐約證券交易所美國有限責任公司（“美國紐約證券交易所”）的通知（“紐約證券交易所通知”），該公司未遵守紐約證券交易所美國上市標準，原因是該公司未能及時向美國證券交易委員會（“SEC”）提交截至2023年12月31日財年的10-K表年度報告（“10-K表格”）。
The NYSE Notice has no immediate effect on the listing of the Company's Class A Common Stock (NYSE American: HNRA) or the Company's public warrants (NYSE American: HNRAW) on the NYSE American. The NYSE Notice informed the Company that, under NYSE American rules, the Company has six months from April 16, 2024, to regain compliance with the NYSE American listing standards by filing the Form 10-K with the SEC. If the Company fails to file the Form 10-K within the six-month period, the NYSE American may grant, in its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The NYSE Notice also notes that the NYSE American may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.
紐約證券交易所通知對公司A類普通股（紐約證券交易所美國股票代碼：HNRA）或公司在紐約證券交易所美國證券交易所的公開認股權證（紐約證券交易所美國股票代碼：HNRAW）的上市沒有立即生效。紐約證券交易所通知公司，根據紐約證券交易所美國證券交易所的規定，從2024年4月16日起，公司有六個月的時間向美國證券交易委員會提交10-K表格，以恢復對紐約證券交易所美國上市標準的遵守。如果公司未能在六個月內提交10-K表格，紐約證券交易所美國人可以根據具體情況自行決定將公司恢復合規性最多延長六個月。紐約證券交易所的通知還指出，儘管如此，紐約證券交易所美國證券交易所如果認爲情況允許，則可以隨時啓動除名程序。
As previously reported in the Company's Notification of Late Filing on Form 12b-25 filed with the SEC on April 2, 2024 (the "Form 12b-25"), the Company was unable to file the Form 10-K within the prescribed period because additional time, resources and effort are required to complete work related to its financial reporting and close procedures. Subsequent to filing the Form 12b-25, the Company continued to dedicate significant resources to the completion of such procedures but was unable to file the Form 10-K by April 16, 2024, the end of the extension period provided by the Form 12b-25. The Company requires additional time to complete such procedures.
正如公司在2024年4月2日向美國證券交易委員會提交的延遲提交12b-25表格的通知（“12b-25表格”）中所報告的那樣，公司無法在規定的期限內提交10-K表格，因爲需要額外的時間、資源和精力來完成與其財務報告和結算程序相關的工作。在提交12b-25表格後，公司繼續投入大量資源來完成此類程序，但未能在2024年4月16日，即12b-25表格規定的延期結束之前提交10-K表格。公司需要更多時間來完成此類程序。
The Company is working diligently to complete the necessary work to file the Form 10-K as soon as practicable and currently expects to file the Form 10-K within the six-month period granted by the NYSE Notice; however, there can be no assurance that the Form 10-K will be filed within such period.
公司正在努力盡快完成提交10-K表格的必要工作，目前預計將在紐約證券交易所通知規定的六個月期限內提交10-K表格；但是，無法保證10-K表格將在該期限內提交。
About the Oil Field Property
關於油田財產
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.
2023年11月，公司收購了LH Operating, LLC（“LHO”），包括其在新墨西哥州持有的石油和天然氣泛水產量，包括13,700英畝連續租賃土地、342口生產井和207口注入井，這些油井位於格雷堡-傑克遜油田的20個聯邦租約和3個州的租約上。格雷伯格-傑克遜油田位於新墨西哥州埃迪縣多產的二疊紀盆地的西北大陸架上。
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.
LHO現在是該公司的全資子公司，其租賃權包括七河、皇后河、格雷堡和聖安德烈斯河段，其深度從1,500英尺到4,000英尺不等。我們的第三方工程師William H. Cobb and Associates, Inc.（“Cobb”）2023年12月的儲量報告顯示，LHO的探明儲量約爲1,540萬桶石油和35億立方英尺的天然氣。LHO租賃權中繪製的原始原油當地（“OOIP”）在格雷堡和聖安德烈斯區間約爲8.76億桶石油，七河間隔爲8000萬桶，總OOIP約爲9.56億桶石油。
Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes we may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a slow decline rate.
我們的主要產品目前來自七河地區。除了探明儲量外，該公司還認爲，通過在格雷堡和聖安德烈斯地層增加穿孔，我們可以額外獲得3,400萬桶石油。LHO的探明石油儲量超過1500萬桶，加上格雷堡和聖安德烈斯地區可能增加的3,400萬桶，其石油產量和收入來源將在二十多年內緩慢下降。
About HNR Acquisition Corp
關於 HNR 收購公司
HNRA is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. HNRA's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties.
HNRA是一家獨立的上游能源公司，致力於通過在美國開發陸上石油和天然氣物業，最大限度地提高股東的總回報。HNRA的長期目標是通過收購以及對其石油和天然氣資產的選擇性開發、產量提高和其他開採工作建立的多元化的長期石油和天然氣資產組合，實現股東總價值的最大化。
HNRA's Class A Common Stock and Warrants trade on the NYSE American Stock Exchange (NYSE American: HNRA and HNRAW, respectively). For more information on HNRA, please visit the Company website:
HNRA的A類普通股和認股權證在紐約證券交易所美國證券交易所（紐約證券交易所美國證券交易所：分別爲HNRA和HNRAW）交易。有關HNRA的更多信息，請訪問公司網站：
Forward-Looking Statements
前瞻性陳述
This press release includes "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see ) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
本新聞稿包括涉及風險和不確定性的 “前瞻性陳述”，這些陳述可能導致實際業績與預期存在重大差異。諸如 “期望”、“相信”、“預期”、“打算”、“估計”、“尋求”、“可能”、“可能”、“計劃”、“可能”、“應該” 以及變體以及類似的詞語和表達方式旨在識別此類前瞻性陳述，但缺少這些詞並不意味着陳述不具有前瞻性。此類前瞻性陳述基於當前可用信息，與未來事件或未來業績有關，反映了公司管理層當前的信念。許多因素可能導致實際事件或結果與前瞻性陳述中討論的事件和結果存在重大差異。公司不時在EDGAR（見）和證券交易委員會（見www.sec.gov）上提交的文件中披露了可能導致實際業績與公司預期存在重大差異的重要因素，包括資金可用性、融資結果以及與公司業務相關的風險。提醒讀者不要過分依賴這些前瞻性陳述，這些陳述僅代表截至本新聞稿發佈之日。除非適用的證券法明確要求，否則無論是由於新信息、未來事件還是其他原因，公司均不打算或沒有義務更新或修改任何前瞻性陳述。
Investor Relations
Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
mike@plrinvest.com
投資者關係
邁克爾·J·波特，總統
PORTER、LEVAY & ROSE, INC.
mike@plrinvest.com
SOURCE: HNR Acquisition Corp
來源：HNR 收購公司
譯文內容由第三人軟體翻譯。