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Over the past year or so, there has been considerable interest in energy companies due to the way in which energy prices have gone from one extreme to another. Many energy companies ended up recording significant revenues and in turn, it led to considerable returns for investors as well in many cases. There are many energy companies listed on the OTC Markets as well and it may be a good move from investors to perhaps consider taking a look into some of those. This article would give you a glimpse into four of those.

Houston Natural Resources Corporation (OTCMKTS:HNRC) – As the name suggests, Houston Natural Resources Corporation is involved in the oil and gas industry. However, it should be noted that the company is also focused on the creation of a diversified company.

Houston Natural Resources Corporation is also focused on developing natural resources with modern technologies to boost shareholder value. It has also worked on the development of oil field waste disposal and recycling for making its operations more environmentally responsible.

Last month on March 31, Houston Natural Resources Corporation announced that it had completed the acquisition of a 40% interest in Rhino Energy. Rhino Energy Pty Ltd is based out of Australia but its interests are in the oil and gas industry in North America.

The company’s financial performance has also been strong and last month it reported strong financial results for the fiscal year that ended on December 31, 2022. Revenues stood at $20,516,899, which worked out to a rise of 12.6% from the $18,717,237 that it had generated in the previous fiscal year. Total earnings went up 25.5% in the same period to as much as $9,821,899. The earnings per share for the 12 months for Houston Natural Resources Corporation stood at $0.14 per share.

Athabasca Oil Corporation (OTCMKTS:ATHOF) – Canadian energy firm Athabasca Oil Corporation is mainly involved with the development of light oil and thermal assets. The company’s assets are located in the Western Canadian Sedimentary Basin in Alberta. It is important to note that Athabasca Oil Corporation has also been successful in building up a significant land base made up of high-quality resources. Last month on March 14 the company had been in the news after it announced that the Toronto Stock Exchange had approved its normal course issuer bid.

In that bid, the company would be able to pick up a maximum of 57,967,089 common shares over twelve months that started back on March 16, 2023. It would end on March 15, 2024. Athabasca Oil Corporation decided to go for the move based on the strength of its balance sheet.

Zion Oil & Gas Inc (OTCMKTS:ZNOG) – Zion Oil & Gas Inc works through a network of subsidiaries and works as an oil and gas exploration firm which is based out of Israel. It holds an onshore petroleum license in Israel that spans an area of as much as 99000 acres.

It was last year in May 2022 that the company had been awarded the coveted license. At the time it was noted that the license was going to help the company in expanding its current as well as future work in Israel.

“This new exploration license application will further our current and future work plans in Israel,” stated Vice President and Managing Director in Israel, Jeff Moskowitz.

Petrotal Corp (OTCMKTS:PTALF) – Oil and gas development and production company PetroTal Corp is domiciled in Calgary Alberta, Canada. However, the company is mainly focused on the development of oil assets in Peru. The flagship asset of the company is the Bretana oil field located in the Block 95 of Peru and more importantly, the company owns the asset in its entirety.

Oil production had begun at the property back in 2018 and in June last year, PetroTal emerged as the biggest crude oil producer in Peru. Last month on March 30 the company announced its financial results for the three-month and 12-month periods, both of which ended on December 31, 2022. The annual net operating income came in at $274 million and which was a record for PetroTal and the free cash flow for the year stood at as much as $161.9 million.

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