Houston American Energy Corp. Announces First Production From Louisiana Well
Thursday September 9, 10:01 am ET
HOUSTON, Sept. 9 /PRNewswire-FirstCall/ — Houston American Energy Corp. (OTC Bulletin Board: HUSA – News) announces first production from its LaFurs F-16 well in Vermilion Parish, Louisiana. The well came on production from the DB-9 Sand on September 5, 2004. In the last twenty-four hours the well has produced 2268 mcf of gas and 278 barrels of condensate on an 8/64″ choke with FTP of 6289#. HUSA owns a 3% Working Interest and a 2.1% Net Revenue Interest in this well and prospect.
“We are very pleased with the rates from this well and are delighted with this new addition to our domestic asset base. The LaFurs F-16 is another example of adding assets and building cash flow domestically while aggressively drilling in our international concessions,” 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.