Houston American Energy Corp Updates Energy Projects

Press Release Houston American Energy Corp. Updates Energy Projects Wednesday November 12, 2003 12:50 PM
HOUSTON, November 12 /PRNewswire-FirstCall/– Houston American Energy Corp. (OTC Bulletin Board: HUSA – News), announces that equipment has been mobilized and the first well of its three well drilling program in Colombia is expected to begin drilling by month end. The first well will be the Cara Cara #1, a step out to the Cormoran #1 well, which is on the Cara Cara Association Contract. The next well to be drilled will be the Jaguar #2, an offset to the Company’s Jaguar #1 discovery and the third well will be the Bengala #1. All three wells will be drilled to a total depth of 5,500 feet and are located within the Cara Cara Association Contract and within the area of the Company’s 3D seismic data shoot completed earlier this year. ”These are the first of many expected well locations to be drilled to develop and prove up the discovery made by the Company’s Jaguar #1 well, ” stated John F. Terwilliger, President of 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, 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 Company at 713-222-6966 . Source: Houston American Energy Corp.