Houston American Energy Corp. Announces Drilling of Fifth International Well this Year
Tuesday, July 6, 2004
HOUSTON, July 6, 2004 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News) announces that it has begun drilling its fifth well this year in its international operations area. Houston American Energy owns a 1.6% working interest in this well and concession. The current plans are to drill five more wells this year in this prospect area. “We continue to be pleased with the results of our international operations and the maintaining of our planned drilling schedule. The Company is quite active with a well being drilled domestically and another one preparing to be production tested. These are the Baronet #1 well on the Crowley Prospect drilling ahead and the LaFurs F-16 well where production equipment is being installed. This level of activity provides HUSA with strong operating leverage. Domestically, management continues to actively seek producing property acquisitions and low risk exploration projects,” stated John F. Terwilliger, Chairman of 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, 2003 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 company at (713) 222-6966. Source: Houston American Energy Corp.