Harris Exploration Inc

06/28/2022

HXPN, Inc. Announces Commitment to Raise $500 Million of Debt Capital
DALLAS, Texas, Sept. 27, 2021 (GLOBE NEWSWIRE) -- HXPN, Inc. (OTCPINK: HXPN), an emerging technologies and mineral resources development company, today announced that it has received a letter of commitment from OPUS AMDG, Inc. (OPUS) to raise $500 million of debt capital through a Global Note to be issued by OPUS. The Company will use the funds for the acquisition of multiple equity investments. The commitment by OPUS is subject to the ex*****on of the OPUS Service Agreement, which HXPN is currently evaluating and expects to execute within the next ten days. The parties currently expect for the capital raise to be complete and fully funded by December 31, 2021, subject to OPUS’ due diligence regarding HXPN and its planned investments.

“We are very excited to have this major hurdle cleared in finding the right partner to assist HXPN with its capital needs,” said Steve Bailey, President and CEO of HXPN. “OPUS understands what we are doing and they see the value associated with our investment plans. Additionally, OPUS has the right partners in place to make this process as seamless as possible, including assistance in the sourcing of bridge funding that will allow our projects to start immediately. OPUS is a one-stop shop, and we like that,” added Bailey.

“We look forward to working with HXPN management to close this first funding round for the Company,” said Guy Tullio, President and Managing Director of OPUS. “The HXPN team has helped to make this capital raise of value not only to HXPN, but also to the clients of OPUS. This is a “partnership” in the truest sense of the word,” continued Tullio.

Other HXPN News:

HXPN recently terminated its Letter of Intent with H20EMC2 (H20), a company that HXPN had planned to acquire and fund in the production of an Atmospheric Water Generator product line. In an email to HXPN CEO Steve Bailey, H20 CEO Brian Rybloom stated “We have grown uncomfortable with our current structure of selling 100% ownership to HXPN. For H2O to be comfortable moving forward with HXPN we are only willing to sell 25% of our company for the same investment amount to HXPN.” “Rather than re-trade the deal and, more importantly, seeing this development as a sign of potential problems that might arise in working with the H20 principals, HXPN chose to cut ties with H20,” said Steve Bailey, HXPN CEO.

About HXPN, Inc.

Based in Dallas, Texas, HXPN is engaged in the acquisition and development of emerging technologies that will impact everyday life. Additionally, the company seeks to acquire mineral resources necessary for the sustainability of daily life in our ever-changing world.

06/28/2022

HXPN, Inc. Announces Acquisition of Majority Interest in Sheppard Pool Energy LLC
DALLAS, Texas, Dec. 02, 2021 (GLOBE NEWSWIRE) -- HXPN, Inc., (OTCPINK: HXPN), an emerging technologies and mineral resources development company, today announced that it has signed a letter of intent with Sheppard Pool Energy LLC (SPE), an Oklahoma-based oil and gas exploration company, to acquire 75% of the equity interest of SPE. HXPN will provide the necessary capital to execute SPE’s business plan, which is focused on oil and gas exploration and production in the historically prolific shallow horizons of northeastern Oklahoma. SPE owns leasehold interests of just over 4,900 acres in northeastern Oklahoma. SPE has identified a minimum of fifteen re-completion opportunities in previously drilled but uncompleted pay sands within its existing leasehold with estimated daily production rates of 50-100 bpd per well. In addition to these re-completion projects, SPE has identified multiple new drilling locations on its leasehold. The 4,900 acre leasehold is estimated to contain oil equivalent reserves of 3,000,000 barrels. SPE also possesses an option to acquire a nearby 1,784 acre leasehold with existing production and similar re-completion opportunities within the same regional geology. Reserve estimates are not yet available for this optioned leasehold, but daily oil production is just over 100 bpd. Finally, SPE possesses a proprietary technology that facilitates the “skimming” of oil from well bores up to 3,000’ in depth without the need to handle produced water by leaving the water in the well bore. This technology addresses the age-old problem of handling water production in an economic manner. The parties are currently performing their respective due diligence and expect to close the transaction by December 31, 2021.

“We are very excited to have the opportunity to work with the SPE principals in the realization of their business objectives” said Steve Bailey, President and CEO of HXPN. “SPE and its principals have identified significant exploration/exploitation opportunities that can be realized at attractive economics and they have invested significantly to identify and formulate their plans. We look forward to helping SPE carry out its mission” added Bailey.

“We are pleased to be working with HXPN to close this transaction,” said George Underwood, Managing Member of SPE. “HXPN will help us to realize our goals and to create long-term value in our equity,” continued Underwood.

About HXPN, Inc.

Based in Dallas, Texas, HXPN is engaged in the acquisition and development of emerging technologies that will impact everyday life. Additionally, the company seeks to acquire mineral resources necessary for the sustainability of daily life in our ever-changing world

06/28/2022

HXPN, Inc. announces Closing of Majority Interest Investment in Sheppard Pool Energy, LLC; ex*****on and funding of OPUS AMDG, Inc Service Agreement
DALLAS, Texas, April 18, 2022 (GLOBE NEWSWIRE) -- HXPN, Inc. (“HXPN” or “the Company”) (OTCPINK: HXPN), an emerging technologies and mineral resources development company, today announced that it has completed its due diligence and executed closing documents with regard to its investment in Sheppard Pool Energy, LLC (SPE), the Oklahoma-based oil and gas exploration company in whom HXPN has acquired a 75% equity interest. HXPN will provide capital to execute SPE’s business plan, which is focused on oil and gas exploration, exploitation and production in the historically prolific shallow conventional horizons of northeastern Oklahoma. SPE owns leasehold interests of just over 4,900 acres in northeastern Oklahoma. SPE has identified, via electric log evaluation, a minimum of fifteen re-completion opportunities in previously drilled but uncompleted “behind pipe” pay sands within its existing leasehold and expects to begin to re-enter the wells within the next several weeks. In addition to these re-completion projects, SPE has identified multiple new drilling locations on its leasehold. The Company expects to report early results of the first re-entry efforts in mid second quarter, 2022.

The Company is also pleased to announce that has completed its due diligence of OPUS AMDG, Inc., (“OPUS”) and has executed and funded the OPUS Service Agreement. The Company has engaged OPUS to assist and support the Company in the issuance of a Senior Secured Note in the amount of $500,000,000.00. The Company expects to complete the compliance process within the next thirty days and expects to realize note proceeds by the end of the second quarter, 2022. The Company will use the proceeds to make capital investments across its areas of focus.

About HXPN, Inc.

Based in Dallas, Texas, HXPN is engaged in the acquisition and development of emerging technologies that will impact everyday life. Additionally, the company seeks to acquire mineral resources necessary for the sustainability of daily life in our ever-changing world.

06/24/2022

06/24/2022

HXPN, Inc. announces Investment with Mid-Con Energy Operating, LLC
DALLAS, TEXAS, April 22, 2022 (GLOBE NEWSWIRE) -- HXPN, Inc., (OTC PINK: HXPN), an emerging technologies and mineral resources development company, today announced that it has signed a Letter of Intent with Mid-Con Energy Operating, LLC (Mid-Con), a Tulsa, Oklahoma-based oil and gas exploration and exploitation company, to invest up to $100 million in a variety of Mid-Con’s projects, with the option to invest additional capital at HXPN’s discretion and upon meeting certain funding targets. Mid-Con’s expertise is secondary recovery in existing conventional oil fields that have lost reservoir pressure, but still have significant remaining recoverable reserves. Mid-Con has identified a number of projects and prospective fields that are excellent candidates for this method of recovery and it expects to move quickly to acquire the necessary lease acreage, and to begin to fully develop the projects. Mid-Con’s current projects are located in oil rich basins throughout the Midwest and contain almost ten million barrels of potential recoverable reserves. Other prospective fields identified and screened by Mid-Con could contain an additional twenty million barrels of recoverable oil. The parties are currently performing their respective due diligence and expect to close the transaction in June, 2022.

“We are very excited to have the opportunity to work with Randy Olmstead and the entire Mid-Con team in the pursuit of their goals” said Steve Bailey, President and CEO of HXPN. “Randy and the Mid-Con team have identified many significant exploitation opportunities that can be realized at attractive economics and they have invested significantly, both in time and resources, to assemble and formulate their plans. We look forward to helping Mid-Con carry out its mission,” added Bailey.

“We are pleased to be working with HXPN to close this transaction,” said Randy Olmstead, Founder and Manager of Mid-Con. “HXPN will help us to realize our goals and to create long-term value in the projects that we plan to develop,” continued Olmstead.

About HXPN, Inc.

Based in Dallas, Texas, HXPN is engaged in the acquisition and development of emerging technologies that will impact everyday life. Additionally, the company seeks to acquire mineral resources necessary for the sustainability of daily life in our ever-changing world.

Notice Regarding Forward-Looking Statements:

This news release may contain "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions for the future. Such forward-looking statements include, among other things, the ongoing effect(s) of domestic and world economic conditions and any related impact(s) on the potential business development and future interest in our technology and resources investments.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, and other domestic and world events. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

HXPN, Inc is currently a non-reporting OTC-quoted “Pink Limited Information” company, and has achieved compliance with recently-amended SEC Rule 15c2-11, which requires that “companies make current information publicly available to maintain a market.” Investors should consult all information set forth herein and on the Company’s website for the latest available information.

CONTACT:

HXPN, Inc.
Stephen L. Bailey, President
2911 Turtle Creek Boulevard, Suite 300
Dallas, TX 75219
(833) 250-6645

Investors & Analysts Contact:
HXPN Investor Relations
(833) 250-6645
[email protected]