Houston American Energy Corp. announces that it has added a new board member and applied for listing on the American Stock Exchange
Houston, Texas May 19, 2006 On May 17, 2006, the Board of Directors of Houston American Energy (OTCBB: HUSA) approved an increase in the size of the board to five persons and appointed John P. Boylan as a director of the Company.
Mr. Boylan, age 39, has served as Chief Financial Officer and Director of Business Development of Atasca Resources, an independent oil and gas exploration and production company, since 2003. Since 1996, Mr. Boylan has also served as owner/operator of Boylan Energy Corporation, an independent oil and gas exploration company. Mr. Boylan’s energy industry experience also includes serving as President, CEO and Managing Partner of Birdwell Partners, an oil field services company, from 1999 to 2003 and service as Chief Financial Officer and Director of Business Development of Prolithic Energy Company, an independent oil and gas exploration company, from 1998 to 2002. Prior to entering the energy business, Mr. Boylan was a consultant and senior auditor providing professional services in a range of accounting, financial and project management roles, including service as a senior auditor for KPMG Peat Marwick from 1988 to 1990, service as a project management consultant for R.L. Townsend & Associates from 1990 to 1991 and service as senior associate project management consultant for Coopers & Lybrand Consulting from 1991 to 1995. Mr. Boylan holds a Bachelors Degree in Accounting from the University of Texas and a MBA Degree in Finance, Economics and International Business from New York University. Mr. Boylan is a Certified Public Accountant.
“John Boylan is a very welcome addition to our board of directors. In addition to his strong background in accounting and finance, he has a lot of oil and gas experience and as such brings a unique set of qualifications to our board. On May 18, 2006 we formally applied to the American Stock Exchange for listing our shares. If this listing effort is successful, it will be a major step forward for our company in providing proper recognition and an efficient market for our shares,” said John F. Terwilliger, President, 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, 2005 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.