Rasberry Unit Field
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Ameerex Enters U.S. Oil Market via UK Joint Venture, Targeting 5,000 BPD in Texas
Ameerex Corporation (OTC:HIRU) enters the U.S. energy market with a 40% stake in Falcon Caddo Venture, focusing on the Rasberry Unit in Texas, estimated to hold 24 million BOE. Production is projected to rise from 800 to 5,000 BOPD by mid-2026 through well redevelopments and enhanced recovery techniques. The venture is equity-financed by Qatari shareholders, avoiding debt. Ameerex is also pursuing a partnership for Canadian assets producing over 5,000 BOPD, aiming to expand its North American presence.
