Latest Houston American Energy Corp. Stories

HOUSTON, May 10, 2013 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) announced today that Pennington Oil & Gas, LLC, the operator of the Crown Paper #1 well in the Profit Island Field in East Baton Rouge Parish, Louisiana, has successfully carried out a recompletion of the Crown Paper #1 well. Houston American holds a 5.675% royalty interest in the well, which interest will be reduced to a 2.838% royalty interest after Houston American's receipt of royalties...

HOUSTON, Dec. 10, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA, the "Company") received notice from SK Innovation, operator on the Company's CPO 4 Block in Colombia that it intends to plug and abandon the Zorro Gris #1 well. Following completion of the abandonment of the well, the drilling rig will be released. SK Innovation is currently in the process of acquiring its second proprietary 3-D seismic shoot on the CPO 4 block (approximately 135 square miles),...

HOUSTON, Oct. 31, 2012 /PRNewswire/ -- Houston American Energy Corp (NYSE MKT: HUSA) today announced that it has completed the drilling of the Zorro Gris #1 well to a total depth of 13,160'. Based on the recommendation of the operator, and agreed to by Houston American, tests are expected to be conducted in the Une and Guadalupe formations with potential additional testing in the Barco and Mirador formations. The well has been cased with a 7" liner from the 9 5/8's intermediate...

HOUSTON, Oct. 4, 2012 /PRNewswire/ -- Houston American Energy Corp (NYSE MKT: HUSA, the "Company") announced today that it has closed on its previously announced registered direct equity offering of 14,814,815 units at $0.675 per unit, with each unit consisting of one of the Company's common shares, one Class A Warrant to purchase one-half share of common stock and one Class B Warrant to purchase one half share of common stock, for gross proceeds of approximately $10.0 million,...

HOUSTON, Oct. 1, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced the pricing of a public offering of 14,814,815 units, with each unit consisting of one share of common stock and one Class A warrant and one Class B warrant to purchase shares of common stock, at a purchase price of $0.675 per unit. Each Class A warrant will have the right to purchase one-half share of common stock, will have an exercise price of $0.81 per share and will expire 6...

HOUSTON, Sept. 27, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that drilling operations on the Zorro Gris #1 well were continuing with drilling operations proceeding at approximately 7,400 feet as of September 25, 2012. The Zorro Gris well was spud on September 1, 2012 and has a target depth of approximately 13,094 feet. Results of the Zorro Gris #1 well, the company's third well on its CPO 4 block in Colombia, will be announced when available....

HOUSTON, Sept. 24, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it intends to offer shares of its common stock in a public offering. C. K. Cooper & Company, Inc. is acting as the placement agent for the proposed offering. The Company expects to use the net proceeds from the offering for general working capital purposes, including funding its share of costs of development of properties in which the Company holds interests. This...

HOUSTON, Sept. 24, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has concluded its review of strategic alternatives, undertaken with the assistance of its advisor, Canaccord Genuity, Inc. The company has determined, based on its findings in that review, to seek additional financing to support the continued long-term development of its oil and gas properties. About Houston American Energy Corp. Based in Houston, Texas, Houston American...

HOUSTON, Sept. 4, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that drilling operations commenced on the Zorro Gris #1 well on September 1, 2012, its third well on the CPO 4 block in Colombia. The well is expected to be drilled to a total measured depth of approximately 13,094 feet. Well results will be announced when available. About Houston American Energy Corp. Based in Houston, Texas, Houston American Energy Corp. is an independent...

HOUSTON, July 27, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has engaged Canaccord Genuity Inc. to act as its advisor in connection with its exploration of strategic alternatives for the Company. As previously announced, the Company intends to evaluate a broad range of financial and strategic alternatives, including, but not limited to, seeking additional financing to support the long-term development of its oil and gas properties,...