Hybrid Energy Holdings, Inc. (Pink Sheets: HYBE) has completed its acquisition of 9 energy properties around McAllen, Texas. This expands the company’s portfolio by 35 billion cubic feet of known reserves and delivers around $30,000,000 of shareholder value in active reserves and an estimated $145,000,000 in untapped reserves from current properties.
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The transaction calls for the issuance of preferred stock at a strike value of about $6.9 million and delivers immediate profit with actively productive, reliable properties and an estimated $175,000,000 in down-hole proven reserves.
Hybrid Energy Holdings (HEH) acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. HEH may acquire promising nascent energy technology or technology rights as portfolio enhancing assets.
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