Press Release SOURCE: Houston American Energy Corp. HOUSTON, TX, October 14, 2002 Houston American Energy Corp. announces the initial results from the White Oak Energy Mavis Wharton #3 well drilled on the company’s non participating royalty acreage. Based on electric log analysis and confirmed by side wall core analysis the well found fifteen feet (15′) of net gas pay at the objective interval at 1855′. This sand correlates to the interval that produced gas in the J.R. Oil Mavis Wharton #1 well. Two other sands in the well cored gas and completion attempts in these sands may be made by the Operator. Houston American’s management has had the opportunity to review the electric logs and core data from this well and is pleased with the results in the primary objective sand found at 1855′.
About HOUSTON AMERICAN ENERGY CORP. Based in Houston, Texas, Houston American Energy Corp. is a natural resources development company with interests in oil and gas wells, and interests in oil and gas prospects. Additional information can be accessed by reviewing the December 31, 2001 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 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 FURTHER INFORMATION CONTACT: 713-222-6966, [email protected], or visit our website at http://www.houstonamericanenergy.com
SOURCE: Houston American Energy Corp.