Mr. Shelby Beattie reports
NEXERA ACQUIRES ADDITIONAL ASSETS IN SOUTH TEXAS
Nexera Energy Inc. has successfully settled its dispute regarding unpaid operating fees and expenses owed to the corporation by Hagco Energy LLC and Hugocellr Ltd.
In satisfaction of outstanding amounts totalling in excess of $600,000 (U.S.), Nexera has accepted ownership of certain oil-producing properties in South Texas previously held by Hagco and Hugocellr. Prior to the dispute, Nexera's wholly owned subsidiary, Production Resources Inc. (PRI), served as operator of the assets, which were producing in excess of 20 barrels of oil per day.
Given PRI's extensive operational experience with the wells, Nexera is currently assessing options to optimize production performance or otherwise leverage these assets to further strengthen the corporation's balance sheet. The company anticipates making a determination regarding the strategic direction for these properties early in 2026.
About Nexera Energy Inc.
Nexera Energy is an energy company with oil producing properties in southwestern Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon projects. The company also now owns 100 per cent of Production Resources, a South Texas oil company.
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