Houston American Energy Announces Production in Acadia Parish, Louisiana
Monday, June 13, 2005
HOUSTON, June 13, 2005 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News) announces first production from its Baronet #2 well in the Crowley Field, Acadia Parish, Louisiana. The Baronet #2 produced 3001 mcf of natural gas and 1.7 barrels of oil in the last 24 hours on a 14/64″ choke at 2100 psi FTP. Production is from the Hayes Sand at 11,840′ TVD. Houston American owns a 3% Working Interest and 2.25% Net revenue Interest until payout. “We are very pleased with the results from this discovery well. Assuming consistent performance from this well, a development well is expected to be drilled in the 4th quarter of 2005. This well will also test deeper objectives which are now believed to have potential. The Baronet #2 discovery and its additional upside potential, represents a real good addition to our domestic asset base,” 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 www.houstonamericanenergy.com or contact the Houston American Energy Corp. at (713) 222-6966.