Houston American Energy Corp. Announces New Project and Provides Domestic Drilling Update Houston, Texas November 14, 2005 Houston American Energy Corp. (OTCBB: HUSA) is pleased to announce that it has agreed to participate for a 6% Working Interest, 4.2% Net Revenue Interest subject to a 20% Working Interest backin at payout, in the Green Jacket Prospect in Iberville Parish, Louisiana. The initial well on this 300 acre prospect will, be drilled to 13,200′ to test the Cib Hazz 1, 2, 3 & 4 Sands, which produce in the Bayou Sorrel Field area in which this prospect is located. This test well location is based on 3D seismic and lies about 1000′ away from a well that produced over 225,000 barrels of oil from the Cib Hazz 1 & 2 Sands. It is expected to be high to this former producer and its reserve potential is in the 1,500,000 to 2,000,000 barrel of oil range.
Houston American’s Hog Heaven Prospect is currently drilling. Its Sugarland Prospect’s initial well is expected to begin drilling by December 1, 2005 and initial wells on both the West Fargo and Obenhaus Prospects are scheduled for January 2006. “Houston American is very pleased to participate in the Green Jacket Prospect. The initial well is located based on 3D seismic interpretation and as a result is expected to get high to a well that produced significant oil from 2 of the 4 objective sands. This prospect has exactly the low risk high potential profile of domestic prospects that have worked for us and that have provided the asset base to advance our business plan. HUSA remains enthusiastic about our year end domestic drilling schedule and the upside it provides to the company,” 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, 2004 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 Houston American Energy Corp. at (713) 222-6966.