HOUSTON AMERICAN ENERGY ANNOUNCES DOMESTIC DRILLING UPDATE AND NEW DISCOVERY Houston, Texas November 30, 2005 Houston American Energy Corp. (OTCBB: HUSA) announces that its Weil #1 well in its Hogg Heaven Prospect in Jim Hogg County, Texas has been drilled to 6200′. Based on electric log and sidewall core analysis four pay sands have been found. This total of 34′ of net pay was found in the primary objective sand, the Pettus, as well as sands in the Yegua section. The well is expected to be a natural gas producer but may produce oil as well. Lighthouse Exploration, Inc., the Operator, indicates that a completion attempt will be made as soon as equipment is available. Since the well found multiple pays and is structurally well positioned, several offset wells are possible. Houston American owns a 4.375% Working Interest in this well and prospect. In Vermilion Parish, Louisiana the drilling rig is on location and preparing to spud the Broussard #1 well on the Sugarland Prospect. Houston American owns an 8.25% Working Interest in this 12,900′ test. “We are very pleased with the results of the Weil #1 and its development potential. This well represents another success in executing our business plan of developing domestic assets while we aggressively move forward in developing and expanding our international assets. We are delighted to be able to maintain our drilling program as evidenced by the spudding of the Broussard 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.