Business
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.
About this update from Hiru Corp.
[{"type":"text","content":"Atlanta, Georgia — November 10, 2025—\r\n AMEEREX Corporation (OTC: HIRU), formerly HIRU Corporation, confirmed its official participation in\r\n the U.S. energy market through a strategic joint venture with a British energy\r\n partner, acquiring an initial 40% equity participation in Falcon Caddo Venture\r\n LLC, operator of the Rasberry Unit Field Project in Texas.\r\n\r\n \r\n\r\nAmeerex’s participation is structured to\r\n increase during subsequent development phases, with production on track to\r\n reach approximately 5,000 barrels of oil per day (BOPD) by mid-2026. \r\n\r\n \r\n\r\nFalcon Caddo: The Core of Ameerex’s U.S.\r\n Expansion\r\n\r\n \r\n\r\nThe Rasberry Unit Field, located in\r\n Foard County, Texas, spans approximately 4,435 acres within the prolific Caddo\r\n Limestone Reef formation.\r\n\r\n \r\n\r\nOriginally discovered by Exxon in 1955,\r\n the field remains one of the region’s most technically proven assets,\r\n containing an estimated 24 million barrels of oil equivalent (BOE) in place.\r\n\r\n \r\n\r\nThe reservoir’s naturally fractured and\r\n porous limestone enables efficient horizontal redevelopment without hydraulic\r\n fracturing, ensuring high recovery rates and reduced operational costs.\r\n\r\n \r\n\r\nThe redevelopment program includes:\r\n\r\n \r\n\r\n\r\n 18 wells scheduled for activation and horizontal\r\n redevelopment,\r\n Expansion of water-injection capacity to 15,000\r\n barrels per day,\r\n Implementation of enhanced secondary-recovery\r\n systems, and\r\n Upgraded tank-battery and injection infrastructure\r\n supported by Sunoco offtake agreements.\r\n Production is expected to increase from\r\n approximately 800 barrels per day to nearly 5,000 barrels per day by the\r\n second quarter of 2026, positioning Falcon Caddo as one of the most\r\n dynamic field redevelopments in Texas.\r\n\r\n\r\n \r\n\r\nEquity-Financed, Debt-Free Growth\r\n\r\n \r\n\r\nAmeerex confirmed that the entire Falcon\r\n Caddo Venture is financed exclusively through equity contributions from its\r\n principal Qatari shareholders, with no reliance on bank loans, debt\r\n instruments, or credit facilities.\r\n\r\n \r\n\r\nThis self-funded model underscores the\r\n Company’s commitment to financial independence, transparency, and direct\r\n shareholder value creati...