Houston American Energy Announces Well Results For Its South Sibley Prospect
Friday, May 13, 2005
HOUSTON, May 13, 2005 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News) is pleased to announce that the first well on its South Sibley Prospect in Northern Louisiana has reached total depth of 10,610′. Based on electric log analysis apparent pay sands were found in Mooringsport, Hosston A, Hosston B & Hosston C sections. Production casing is being run and the well will be tested as soon as the completion rig is available. Houston American Energy Corp. has a 7.5% Working Interest and an 8.3% Net Revenue Interest in this well. In addition the Company has 3,574 gross acres under lease with a 7.5% Working Interest. “We are excited about this apparent discovery and we are pleased with our significant acreage position. Initial results are very encouraging and if confirmed by actual production, certainly more wells will be drilled with room for many more locations. This discovery with its associated acreage has the potential to result in a large field for Houston American,” 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 company at (713) 222-6966.