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 [...]
Houston American Energy Corp. today announced drilling plans for the company's second San Andres well in Yoakum County, the Frost #2-H well. The operator has set a drilling date for March, 2020, pending rig availability. The well's planned total depth is approximately 5,500 feet with a 5,000-foot horizontal leg. The prospect contains 650 gross acres. Houston American also announced that it has increased its working [...]
HOUSTON, Jan. 22, 2020 /PRNewswire/ -- Houston American Energy Corp. today provided an update on the company's recent financing activities and current financial position. Since reporting 3rd quarter 2019 results, Houston American has raised $4.49 million of net proceeds from the sale of common stock. The shares were sold under its previously announced "at-the-market", or ATM, sales program at an average price of $0.21 per [...]
HOUSTON, Dec. 5, 2019 /PRNewswire/ -- Houston American Energy Corp. today announced the acquisition of an additional interest in Hupecol Meta, LLC, doubling its interest in Hupecol Meta previously announced on October 22, 2019. 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 [...]
Houston American Energy Corp. today announced plans for drilling the Frost #2-H well, the company's second San Andres well in Yoakum County. The operator has set a drilling date for late December 2019, pending rig availability. The well's planned total depth is approximately 5500 feet with a 5,000-foot horizontal leg. Houston American Energy holds a 12.5% working interest in the subject 650 gross acre prospect. The [...]
Houston American Energy Corp. today announced that on October 17, 2019, it received a deficiency letter from the NYSE American LLC stock exchange indicating that, pursuant to Section 1003 of the NYSE American Company Guide , the Company's common stock has been selling for a low price per share for a substantial period of time. Accordingly, the Letter states that the Company must demonstrate sustained share price [...]
HOUSTON, Oct. 22, 2019 /PRNewswire/ -- Houston American Energy Corp. today announced the acquisition, effective October 31, 2019, of a membership interest in Hupecol Meta, LLC which owns the CPO-11 block in the Llanos Basin in Colombia. The 639,405 gross acre CPO-11 block is comprised of the 69,128 acre Venus Exploration area, operated by Hupecol Operating Co. LLC, and 570,277 acres which was 50% farmed out to Parex [...]
Houston American Energy Corp. today announced that it has secured funding to complete its previously announced agreement to acquire a 20% interest in a 5,871 gross acre block in the San Andres formation located in the Northern Shelf of the Permian Basin. With the funding and completion of the acquisition, the company has increased its gross acreage position in the Permian Basin while also securing participation rights in [...]
HOUSTON, Aug. 26, 2019 /PRNewswire/ -- Houston American Energy Corp. today announced that it has signed an agreement to participate in a new drilling program in the San Andres formation located in the Northern Shelf of the Permian Basin. Under the agreement, the company will acquire a 20% working interest in an existing 5,871 gross acre block. The agreement provides that Houston American will pay 26.667% of the costs of [...]
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