Press Release Source: Houston American Energy Corp.
Houston American Energy Corp. Announces Production From St. John the Baptist Parish Well
Thursday June 26, 9:01 am ET HOUSTON, June 26 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News), announced results from the initial production test for the Bougere Estate #1 well in St. John the Baptist Parish, Louisiana. The well has been completed in the Marg 1 Sand at 10,646′ to 10,652′ at initial rates of 170 mcf of gas per day and 200 barrels of oil per day with no water. HUSA owns a 2% working interest and a 1.44% net revenue interest. “We are obviously pleased with the results from this well, especially in light of the favorable energy environment,” stated John F. Terwilliger, President of Houston American Energy Corp. “Our focus has been on our fundamentals and the completion of this well is a positive contribution.”
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.