Houston American Energy Corp. Announces New Gas Discovery in Lavaca County, Texas HOUSTON, August 7 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News), is pleased to announce that the Goyen #1 well in the West Hardys Creek Prospect, Lavaca County, Texas has resulted in a new apparent gas discovery. The well found a 20′ net pay sand at 2470′ filled with gas top to bottom based on electric log analysis. HUSA owns a 38% working interest in this well and prospect.
”This is an exciting and potentially rewarding discovery for Houston American Energy. We believe based on initial results that it exceeds our original expectations, stated John F. Terwilliger, President of Houston American Energy Corp. ”Completion will begin immediately and HUSA expects to announce gas sales from this well within the next three to four weeks.”
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 Duane Street Group at 713-706-6240. Source: Houston American Energy Corp.