Houston American Energy Corp. Announces Drilling Results
Thursday, November 4, 2004
HOUSTON, November 4, 2004 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News) announces results for its W. Hoffpauer #1 well (formally the Baronet #1 well) on its Crowley Prospect in Arcadia Parish, Louisiana. The Hoffpauer #1 has been production tested at a rate in excess of 1250 mcf of gas per day and 50 barrels of condensate per day on a 10/64″ choke at flowing pressures in excess of 2800#. Perforations were in the Upper Camerina interval from 10,954′ to 10,960′. Sales will commence as soon as a sales line and production facilities are installed. It is expected that drilling operations will commence in the near future for a well on this prospect to test the Hayes Sand at 12,100′. HUSA owns a 3% Working Interest and a 2.25% Net Revenue Interest to payout in this well and prospect. “We are delighted with this production test and very much look forward to testing the Hayes Sand in the new well. Strong gas flow caused the original hole to be lost. A new drilling design should prevent this from causing problems in the new well and we look forward to a successful test of the Hayes,” 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, 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.