HOUSTON AMERICAN ENERGY ACQUIRES WORKING INTEREST IN JIM HOGG COUNTY, TEXAS
Houston, Texas September 6, 2005 Houston American Energy Corp. (OTCBB: HUSA) is pleased to announce that it has acquired a 4.375% Working Interest in the 500 acre Hog Heaven Prospect in Jim Hogg County, Texas. Houston American will pay 5.8334% of the costs to casing point on the first well and be heads up thereafter on the entire prospect which may result in as many as 6 wells. The well’s primary objectives are the Pettus, Hockley and Yegua Formations and initial estimates of the prospect’s potential are in excess of 1,000,000 barrels of oil. The proposed total depth of the first well is 6500′ and drilling is expected to commence within 60 days subject to rig availability. “This prospect was generated using 3D seismic technology and as a result the Operator believes that the initial well will be high to downdip wells that produced gas and or oil from some of the well’s objective sands and where log and core data indicate potential pays in other sands. This is the kind of lower risk, close in, high potential prospect that fits Houston American’s objectives,” said John F. Terwilliger, Chairman, Houston American Energy Corp.
About Houston American Energy Corp. Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The Company’s business strategy includes a property mix of producing and non-producing assets with a focus on Texas and Colombia. Additional information can be accessed by reviewing the December 31, 2004 Form 10-KSB, and its other periodic reports filed with the Securities and Exchange Commission. The information in this release includes certain forward-looking statements that are based on assumptions that in the future may prove not to have been accurate. Those statements, and Houston American Energy Corp., are subject to a number of risks, including production variances from expectations, volatility of product prices, the capital expenditures required to fund its operations, environmental risks, competition, government regulation, and the ability of the company to implement its business strategy. These and other risks are described in the company’s documents and reports that are available from the company and the United States Securities and Exchange Commission. For additional information, view the company’s website at http://www.houstonamericanenergy.com or contact the Houston American Energy Corp. at (713) 222-6966.