Houston American Energy Corp. Announces First Production From Sixth International Well
Thursday September 9, 9:02 am ET
HOUSTON, Sept. 9 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News) announces first production from its sixth international well drilled this year. Production began September 4, 2004 and the well is currently producing oil at the rate of over 1500 barrels per day. Mobilization of the drilling rig has begun to begin operations on HUSA’s seventh international well this year and actual drilling operations should commence within one week. Houston American Energy Corp. owns approximately a 1.6% Working Interest and 1.47% Net Revenue Interest in this well and prospect.
“We are very pleased with the results of this well and are very encouraged by our international drilling program this year. HUSA expects to maintain continuous drilling operations in this prospect area through the end of the year,” 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.