Houston American Energy Corp. Announces First Production for Lavaca County, Texas Well
Wednesday October 1, 9:03 am ET
HOUSTON, Oct. 1 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News), announced first production for its Goyen #1 well in Lavaca County, Texas. The Goyen #1 well was brought on line September 30, 2003 at an initial rate of 350 mcf of dry gas per day. This rate of production is expected to be increased to find an optimum production rate for the well. Management is very pleased with the results of this well and is currently pursuing additional prospect opportunities in the same trend. Houston American Energy Corp. owns a 38% working interest in this well and associated acreage.
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, 2002 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.