HOUSTON AMERICAN ENERGY ACQUIRES WORKING INTEREST IN VERMILION PARISH, LOUISIANA
Houston, Texas August 29, 2005 Houston American Energy Corp. (OTCBB: HUSA) is pleased to announce that it has acquired a 6.25% Working Interest with a 4.6875% Net Revenue Interest in the 425 acre Sugarland Prospect in Vermilion Parish, Louisiana. This interest is subject to a 25% Working Interest backin at project payout. The initial well will be drilled to 12,800′ and test three pay sands in an updip position on the Northern flank of the Erath Field. This is a prospect with easily 10 to 15 BCF of natural gas potential. “We are very pleased to have acquired an interest in this prospect since it is in line with our lower risk but yet high potential exploration focus. Utilizing 3D seismic we have targeted a location about 1000′ away from the closest producer and yet we should get significantly high to that well. We hope to drill this well in October of this year and are set up to move quickly to sell gas if we make a well,” 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.