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Ameerex Corporation Confirms Entry into the U.S. Oil Market Through British Joint Venture Falcon Caddo Venture to Reach 5,000 Barrels per Day in Texas
Ameerex Corporation Confirms Entry into the U.S. Oil Market Through British Joint Venture Falcon Caddo Venture to Reach 5,000 Barrels per Day in Texas.
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[{"type":"text","content":"\r\n\r\n \r\n \r\n Ameerex Corporation Confirms Entry into the U.S. Oil Market Through British Joint Venture Falcon Caddo Venture to Reach 5,000 Barrels per Day in Texas\r\n \r\n \r\n\r\n\r\nAmeerex Corporation Confirms Entry into the U.S. Oil Market Through British Joint Venture Falcon Caddo Venture to Reach 5,000 Barrels per Day in Texas\r\n\r\n\r\n\r\n\r\n\r\nATLANTA, GA / ACCESS Newswire / November 11, 2025 / AMEEREX Corporation (OTC:HIRU), formerly HIRU Corporation, confirmed its official participation in the U.S. energy market through a strategic joint venture with a British energy partner, acquiring an initial 40% equity participation in Falcon Caddo Venture LLC, operator of the Rasberry Unit Field Project in Texas.\r\n Ameerex's participation is structured to increase during subsequent development phases, with production on track to reach approximately 5,000 barrels of oil per day (BOPD) by mid-2026.\r\n Falcon Caddo: The Core of Ameerex's U.S. Expansion\r\n The Rasberry Unit Field, located in Foard County, Texas, spans approximately 4,435 acres within the prolific Caddo Limestone Reef formation.\r\n Originally discovered by Exxon in 1955, the field remains one of the region's most technically proven assets, containing an estimated 24 million barrels of oil equivalent (BOE) in place.\r\n The reservoir's naturally fractured and porous limestone enables efficient horizontal redevelopment without hydraulic fracturing, ensuring high recovery rates and reduced operational costs.\r\n The redevelopment program includes:\r\n \r\n 18 wells scheduled for activation and horizontal redevelopment,\r\n Expansion of water-injection capacity to 15,000 barrels per day,\r\n Implementation of enhanced secondary-recovery systems, and\r\n Upgraded tank-battery and injection infrastructure supported by Sunoco offtake agreements.\r\n Production is expected to increase from approximately 800 barrels per day to nearly 5,000 barrels per day by the second quarter of 2026, positioning Falcon Caddo as one of the most dynamic field redevelopments in Texas.\r\n \r\n Equity-Financed, Debt-Free Growth\r\n Ameerex confirmed that the entire Falcon Caddo Venture is financed exclusively through equity contributions from its principal Qatari shareholders, with no reliance on bank loans, debt instruments, or credit facilities.\r\n This self-funded model under...