Energy Hunter Resources Inc., an oil-focused energy company headquartered in Dallas, Texas, has filed a Form 1-A with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common stock under Regulation A.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. Energy Hunter will apply to list its common stock on the NYSE MKT under the ticker symbol "EHX."
Energy Hunter intends to use the proceeds from the offering to fund its 2016 and 2017 capital expenditures on existing assets, including the drilling, development, and completion of initial wells on its existing Karnes County, Texas lease acreage position. Additionally, the company may use a portion of the proceeds to acquire additional acreage leaseholds, acquire additional producing properties and associated leaseholds, or for general corporate purposes.
FBR & Co. is acting as the lead underwriter for the offering.