Houston American Energy Corp. Announces Production for Matagorda County, Texas Well
Tuesday July 15, 3:02 pm ET
HOUSTON, July 15 /PRNewswire-FirstCall/ — Houston American Energy Corp. (OTC Bulletin Board: HUSA – News), announced first production for its well in Matagorda County, Texas. This well is producing from the Frio K Sand at the rate of 1400 mcf of gas per day and 32 barrels of condensate. In addition to the producing sand, the Frio I and Frio J Sands appear to be productive and are behind pipe. HUSA has a 3.5% working interest in this well and prospect.
“For the last few months, we have been working on a number of wells simultaneously, and this is the third to be completed,” stated John F. Terwilliger, President of Houston American Energy Corp. “We anticipate additional drilling activity on this prospect as a result of these initial results and look forward to continuing to develop and complete HUSA’s other prospects.”
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.