Houston American Energy Corp. today announced the acquisition of an additional interest in Hupecol Meta, LLC. Hupecol Meta owns the 639,405 gross acre CPO-11 block in the Llanos Basin in Colombia, comprised of the 69,128 acre Venus Exploration area, operated by Hupecol, and 570,277 acres which was 50% farmed out to Parex Resources by Hupecol. In total, the CPO-11 block covers almost 1000 square miles with multiple [...]
Houston American Energy Corp. today announced that, due to the lack of a quorum, it convened and then adjourned, without conducting any business, its annual meeting of stockholders held on September 20, 2022, at 10:00 a.m., central time. The Annual Meeting was adjourned until Tuesday, October 25, 2022 at 10:00 a.m., central time. No changes have been, or are expected to be, made to the record date or the proposals to be [...]
Houston American Energy Corp. today provided an update with respect to 2022 operations and near term plans on the CPO-11 Block in Colombia. Houston American's interest in the CPO-11 Block, and wells thereon, is held through our ownership interest in Hupecol Meta, LLC. Year-to-date, two wells have been drilled on the CPO-11 Block, both located in the Venus Exploration Area . The Bugalo #1 well was drilled and is awaiting [...]
HOUSTON, May 24, 2022 /PRNewswire/ -- Houston American Energy Corp. today announced that final approvals and permits have been received and drilling operations have commenced on a well on the CPO-11 Venus Exploration Area in Colombia. The well, operated by Hupecol Operating, is Houston American's first well to be drilled on the 69,128 gross acre Venus Exploration Area. The Venus Exploration Area, and a 50% interest in the [...]
Houston American Energy Corp. today announced that it plans to adjourn its annual meeting of stockholders , originally scheduled to be held on June 15, 2021, at 10:00 a.m., central time, until Thursday, July 22, 2021 at 10:00 a.m., central time. No changes have been, or are expected to be, made to the record date or the proposals to be brought before the Annual Meeting, which proposals are presented in the previously [...]
HOUSTON, March 4, 2021 /PRNewswire/ -- Houston American Energy Corp. today announced the redemption of all outstanding shares of its 12% Series A Convertible Preferred Stock and 12% Series B Convertible Preferred Stock. The company funded the redemption of its preferred stock using $1.97 million of proceeds from sales of common stock under its At-the-Market Sales Issuance Agreement. John Terwilliger, President and Chief [...]
Houston American Energy Corp. today announced certain management changes. James Schoonover, the company's President and Chief Executive Officer, has advised the company that he would be stepping down from those positions, effective December 1, 2020. Mr. Schoonover joined the company's board in April 2018 and assumed the roles of Interim President and Chief Executive Officer in June 2018. Mr. Schoonover will continue to [...]
Houston American Energy Corp. today provided an update on recent activities on its U.S. Permian Basin acreage. In Yoakum County, TX, the Frost #2-H frac has been completed and the well is expected to go on production within a week. Houston American Energy holds an 18.6% working interest in the well. In Hockley County, TX, the total acreage block has been increased from 5,871 acres to 6,336 acres. Houston American Energy [...]
Houston American Energy Corp. today provided an update on planned drilling and development operations on its U.S. Permian Basin acreage. Following its announcement in late March 2020 of the deferral of all planned drilling and development operations due to the onset of the COVID-19 pandemic, the company is restarting the planned drilling and development of its Permian Basin acreage. In Yoakum County, TX, a frac procedure [...]
Houston American Energy Corp. today announced that the Company will effect a 1-for-12.5 reverse stock split of its common stock on July 31, 2020. The Company's common stock is expected to begin trading on a split-adjusted basis on the NYSE American exchange at the market open on August 3, 2020. The reverse stock split is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 [...]
Houston American Energy Corp. today announced that it convened and then adjourned, without conducting any business, its virtual annual meeting of stockholders held on June 23, 2020, at 10:00 a.m., central time, until Friday, July 17, 2020 at 10:00 a.m., central time, at which time the Company's stockholders will vote on the proposals to be considered at the Annual Meeting , including Proposal 2, approval of an amendment [...]
HOUSTON, March 20, 2020 /PRNewswire/ -- Houston American Energy Corp. today provided an update on drilling plans for the foreseeable future. In light of industry conditions and the ongoing impact of the COVID-19 pandemic, we plan to work with our operators to discuss deferring proposed drilling projects until the situation becomes clearer. However, our second San Andres well in Yoakum County, the Frost #2-H well, has [...]