HOUSTON, Nov. 12, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced certain management changes.

James Schoonover, the company's President and Chief Executive Officer, has advised the company that he would be stepping down from those positions, effective December 1, 2020.  Mr. Schoonover joined the company's board in April 2018 and assumed the roles of Interim President and Chief Executive Officer in June 2018.  Mr. Schoonover will continue to serve as a director of the Company.

The company's board of directors has selected John Terwilliger to resume his prior roles as President and Chief Executive Officer of the company, effective upon Mr. Schoonover's resignation on December 1, 2020.  Mr. Terwilliger will also join the company's board as a director effective December 1, 2020.

Steve Hartzell, Chairman of Houston American Energy, stated, "We are grateful for Jim's stepping up to fill the interim CEO role and for his service beyond the period we initially anticipated.  Jim has been a steady hand and we are pleased that he will continue to provide valuable insights in his ongoing role on the board.

With John Terwilliger's return to the CEO role, we gain a seasoned leader with many years of industry experience and a deep and unmatched understanding of our assets, operations and opportunities in our principal markets."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Sept. 3, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today provided an update on recent activities on its U.S. Permian Basin acreage.

In Yoakum County, TX, the Frost #2-H frac has been completed and the well is expected to go on production within a week. Houston American Energy holds an 18.6% working interest in the well.

In Hockley County, TX, the total acreage block has been increased from 5,871 acres to 6,336 acres. Houston American Energy owns 20% of the block. The operator has informed us that drilling operations are planned to commence on September 18, 2020. The projected measured depth is 10,500' with a 5,224' lateral length.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the actual timing of commencement of production and drilling operations and ultimate well depth and lateral length. The timing of operations, success of operations ultimate well depth and lateral length are subject to numerous risk factors, including our dependence upon third party operators and suppliers to perform within the planned time frame and within budget and the availability of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Aug. 4, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today provided an update on planned drilling and development operations on its U.S. Permian Basin acreage.  Following its announcement in late March 2020 of the deferral of all planned drilling and development operations due to the onset of the COVID-19 pandemic, the company is restarting the planned drilling and development of its Permian Basin acreage.

In Yoakum County, TX, a frac procedure on the company's Frost #2-H well is scheduled to commence on August 24, 2020.  The Frost #2-H well, our second San Andres well in Yoakum County, was drilled and completed in March, 2020.  The company holds an 18.6% working interest in the well.

In Hockley County, TX, the company has executed a Joint Operating Agreement on its first planned well with drilling operations expected to commence in September 2020.  The planned well is located on a 5,871-acre block. The company holds a 20% working interest in the block, which is part of 20,367-acre area of mutual interest, with the company paying 26.667% of costs of the initial test well through the point at which the well is drilled, completed, equipped and ready for operation, production or disposal.

Jim Schoonover, CEO of Houston American Energy, stated, "We, and our operating partners, believe the time is right to resume our exploration and production activities. The domestic rig count is down dramatically since the beginning of the year and industry pricing has stabilized at much more favorable rates. With drilling and development costs down markedly, we believe it is an economical time to restart operations."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the actual timing of drilling projects and our ability to realize improved well economics. The timing of operations and ultimate cost and success of drilling operations is subject to numerous risk factors, including our dependence upon third party operators and suppliers to perform within the planned time frame and within budget, the ultimate recoveries from prospects, and the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, July 21, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced that the Company will effect a 1-for-12.5 reverse stock split of its common stock on July 31, 2020. The Company's common stock is expected to begin trading on a split-adjusted basis on the NYSE American exchange at the market open on August 3, 2020.

The reverse stock split is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on the NYSE American exchange. The reverse stock split was approved by the Company's stockholders at the Company's Annual Meeting of Stockholders held on July 17, 2020 to be affected at the Board's discretion within approved parameters. The specific ratio was subsequently approved by the Company's Board. As a result of the reverse stock split, every twelve and one-half pre-split shares of common stock outstanding will become one share of common stock. The reverse stock split reduces the number of shares of the Company's outstanding common stock from approximately 87 million shares to approximately 7 million shares, subject to adjustment the rounding of fractional shares. The reverse stock split also applies to common stock issuable upon the exercise of the Company's outstanding warrants, convertible preferred stock and stock options.

No fractional shares will be issued in connection with the reverse stock split. Stockholders who otherwise would be entitled to receive fractional shares will receive a number of shares rounded up to the nearest whole number. Holders of the Company's common stock held in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the reverse stock split. Stockholders of record will be receiving information from Standard Registrar and Transfer, Inc., the Company's transfer agent, regarding their stock ownership post-split.

The trading symbol for the Company's common stock will remain "HUSA."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, June 23, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced that it convened and then adjourned, without conducting any business, its virtual annual meeting of stockholders (the "Annual Meeting") held on June 23, 2020, at 10:00 a.m., central time, until Friday, July 17, 2020 at 10:00 a.m., central time, at which time the Company's stockholders will vote on the proposals to be considered at the Annual Meeting (subject to any potential additional adjournments), including Proposal 2, approval of an amendment to the Company's certificate of incorporation to provide the Board of Directors the flexibility to effect a reverse stock split of the Company's common stock.

The Annual Meeting will still be held as a virtual meeting. The Annual Meeting was adjourned in order to solicit additional proxies for Proposal 2. At the time of the meeting, a substantial majority of the shares that had been voted on Proposal 2 had been voted in its favor; however, the favorable votes were less than the majority of all outstanding shares of the Company's voting stock needed for approval.

The Board of Directors believes approval of Proposal 2 is in the best interests of the Company and its stockholders because the NYSE American LLC, on which the Company's common stock is listed, has notified the Company that a reverse split is necessary to maintain the listing of the common stock on the NYSE American. The NYSE American has granted the Company additional time until the Annual Meeting to implement a reverse stock split. A delisting of the common stock could significantly impair the Company's ability to raise additional capital; result in lower prices for the Company's common stock and larger spreads in the bid and ask prices for the common stock; and impact the liquidity of the Company's common stock. Proposal 2 is described in more detail in the Company's proxy statement filed with the Securities and Exchange Commission on May 12, 2020, furnished to stockholders in connection with the Annual Meeting.

The Company encourages any stockholder that has not yet voted its shares or is uncertain if their shares have been voted to contact their broker or bank. The Board of Directors and management respectfully requests stockholders as of the record date, May 6, 2020, to please vote their proxies as soon as possible. Stockholders who have previously submitted their proxy or otherwise voted for the Annual Meeting and who do not want to change their vote need not take any action.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, March 20, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today provided an update on drilling plans for the foreseeable future.   In light of industry conditions and the ongoing impact of the COVID-19 pandemic, we plan to work with our operators to discuss deferring proposed drilling projects until the situation becomes clearer.  However, our second San Andres well in Yoakum County, the Frost #2-H well, has proceeded as planned.  Drilling was initiated on March 12th.  As previously announced, Houston American recently increased its working interest in the well from 12.5% to 18.6%.

Jim Schoonover, CEO of Houston American Energy, stated, "We believe it is prudent at this time to let industry conditions work themselves out prior to beginning new projects.  Houston American Energy is in an enviable position in our industry.  We have no debt, ample liquidity and are actually working on ways to take advantage of opportunities presented in this difficult time. We will update shareholders on the new well in the near future."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the actual deferral and timing of drilling projects and our ability to take advantage of new opportunities. The timing of operations and ultimate success of drilling operations is subject to numerous risk factors, including our ability to come to agreement with our operators and other well investors as to timing of projects, our ability to finance our share of costs, the ability of our operators to finance and execute on planned drilling operations, the ultimate recoveries from prospects, and the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Feb. 19, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced drilling plans for the company's second San Andres well in Yoakum County, the Frost #2-H well.  The operator has set a drilling date for March, 2020, pending rig availability.  The well's planned total depth is approximately 5,500 feet with a 5,000-foot horizontal leg. The prospect contains 650 gross acres.  Houston American also announced that it has increased its working interest in the planned well from 12.5% to 18.6%.

The initial Yoakum County well, Frost #1-H, is commercially productive.

Jim Schoonover, CEO of Houston American Energy, stated, "We are anxious to begin drilling operations on the Frost #2-H well and pleased to have increased our participation in the well.  With the experience gained in drilling our first Yoakum County well, we expect to see improving results from our Yoakum County drilling operations.

Our recent infusion of capital has allowed us to retire all outstanding debt and, we believe, positions us to focus, free of capital constraints, on drilling and development of our existing Yoakum County and other Permian Basin holdings and Colombian acreage as well as seeking additional opportunities."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding timing of commencement of drilling operations, ultimate well depth and length of the horizontal leg, ultimate success of drilling operations and ability to fund drilling and development operations and acquisition of additional opportunities. The timing of operations and ultimate success of drilling operations is subject to numerous risk factors, including our ability to finance our share of costs, the ability of our operators to finance and execute on planned drilling operations, the ultimate recoveries from prospects, and the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Jan. 22, 2020 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today provided an update on the company's recent financing activities and current financial position. 

Since reporting 3^rd quarter 2019 results, Houston American has raised $4.49 million of net proceeds from the sale of common stock. The shares were sold under its previously announced "at-the-market", or ATM, sales program at an average price of $0.21 per share. These funds will be used to retire all short-term debt and are expected to fully fund the company's 2020 drilling budget and to establish a cash reserve to support operations and future projects.  

Jim Schoonover, CEO of Houston American Energy, stated, "With the broad strength in energy markets and energy stocks in the wake of the recent U.S./Iran conflict, we elected to access funds available under our ATM sales program. With this financing, we expect to be able to fully fund our operating and capital expenditure requirements during 2020 with additional capital available to pursue other growth opportunities that may come our way.  We are excited about the additions to our prospect inventory over the past year and the direction of the company and look forward to reporting our progress to shareholders throughout 2020."

Forward-Looking Statements

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, including statements regarding our ability to fully fund our 2020 drilling budget and support operations and future projects.  Our ability to fund our drilling budget, operations and future projects is subject to numerous risk factors, including potential cost overruns, unforeseen costs, acceleration of drilling operations not presently contemplated, other factors that may result in our spending more than presently contemplated to support operations, planned 2020 drilling operations and future projects, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Dec. 5, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced the acquisition of an additional interest in Hupecol Meta, LLC, doubling its interest in Hupecol Meta previously announced on October 22, 2019.  Hupecol Meta owns the 639,405 gross acre CPO-11 block in the Llanos Basin in Colombia, comprised of the 69,128 acre Venus Exploration area, operated by Hupecol, and 570,277 acres which was 50% farmed out to Parex Resources by Hupecol.  In total, the CPO-11 block covers almost 1000 square miles with multiple identified leads and prospects expected to support a multi-well drilling program.  Through its membership interest in Hupecol Meta, Houston American now holds a 2% interest in the Venus Exploration area and a 1% interest in the remainder of the block.

The increased participation in CPO-11 compliments Houston American Energy's recent efforts to expand its acreage position which, over the last year, has resulted in the acquisition of positions in two blocks in the Midland sub-basin of the Permian Basin totaling approximately 6,500 gross acres plus the 639,000+ gross acre CPO-11 block. The company expects those acquisitions to provide a multi-year inventory of drilling prospects with the potential return to growth in production, proved reserves, revenues and a potential return to profitability.

Jim Schoonover, CEO of Houston American Energy, stated, "We are in the midst of a three phase plan designed to return Houston American to sustainable revenue growth, profitability and growth in shareholder value.  Phase One, focused on reducing our overhead, has resulted in a substantial decrease in our general and administrative expenses since 2017.  Phase Two, focused on identifying and committing to projects that offer both scale and revenue potential necessary to regain sustained profitability, has resulted in recent acquisitions of positions in acreage covering more than 645,000 gross acres, including two San Andres projects in the Midland sub-basin of the Permian Basin plus the CPO-11 block in Colombia.  Having executed on Phases One and Two, we are now focused on Phase Three, executing on the development of these newly acquired assets, while continuing to identify new opportunities."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the potential of the CPO-11 block to support a multi-well drilling program, the ability to achieve growth in production, proved reserves and revenues, the ability to return to profitability and the ability to grow shareholder value.  Our ability to execute a multi-well drilling program on CPO-11 and to grow production, proved reserves, revenues and shareholder value and attain profitability are subject to numerous risk factors, including potential fluctuations in energy prices and third party costs, dependence on third party operators, rates of decline of production, ultimate performance of wells, our ability to finance our share of acquisition and drilling costs, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Nov. 21, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced plans for drilling the Frost #2-H well, the company's second San Andres well in Yoakum County.  The operator has set a drilling date for late December 2019, pending rig availability.  The well's planned total depth is approximately 5500 feet with a 5,000-foot horizontal leg. Houston American Energy holds a 12.5% working interest in the subject 650 gross acre prospect.

The initial Yoakum County well, Frost #1-H, is commercially productive.

Additionally, the company announced that drilling activities on the Daisy-1 and Venus-1 wells in Colombia are on track with both wells anticipated to be drilled and completed in 2019.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding timing of commencement of drilling operations, timing of completion of wells, ultimate well depth and length of the horizontal leg and ultimate success of drilling operations. The timing of operations and ultimate success of drilling operations is subject to numerous risk factors, including our ability to finance our share of costs, the ability of our operators to finance and execute on planned drilling operations, the ultimate recoveries from prospects, and the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Oct. 22, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) (the "Company") today announced that on October 17, 2019, it received a deficiency letter ("Letter") from the NYSE American LLC (the "NYSE American") stock exchange indicating that, pursuant to Section 1003(f)(v) of the NYSE American Company Guide (the "Company Guide"), the Company's common stock has been selling for a low price per share for a substantial period of time. Accordingly, the Letter states that the Company must demonstrate sustained share price improvement or effect a reverse stock split of its common stock by no later than April 16, 2020, in order to maintain the listing of the Company's common stock on the NYSE American.

The Company will consider options that are in the best interests of the Company and its stockholders, with respect to specific measures regarding the continued listing of the Company's common stock on the NYSE American.  If the Company is unable to regain compliance, the NYSE American will initiate procedures to suspend and delist the Company's common stock.  In the interim, the Company's common stock continues to be listed on the NYSE American, under the trading symbol "HUSA", subject to the Company's compliance with other continued listing requirements and subject to the procedures and requirements of Section 1009 of the Company Guide.  The NYSE American will add the designation of ".BC" to indicate that the Company is below compliance with the listing standards set forth in the Company Guide. The NYSE American notification of continued listing deficiency does not affect the Company's business operations or its reporting obligations under the Securities and Exchange Commission regulations.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Oct. 22, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced the acquisition, effective October 31, 2019, of a membership interest in Hupecol Meta, LLC which owns the CPO-11 block in the Llanos Basin in Colombia.  The 639,405 gross acre CPO-11 block is comprised of the 69,128 acre Venus Exploration area, operated by Hupecol Operating Co. LLC, and 570,277 acres which was 50% farmed out to Parex Resources by Hupecol.  Through its membership interest, Houston American holds a 1% interest in the Venus Exploration area and a 0.5% interest in the remainder of the block.

Hupecol has advised that it plans to commence drilling in the Venus Exploration area beginning with the Venus-1 horizontal well in December 2019.  Pursuant to the farm-out agreement covering the balance of the CPO-11 block, the Daisy-1 vertical well is planned for drilling in November 2019 followed by the Montuno-1 planned for drilling, at no cost to Houston American, in February 2020, with additional wells potentially being drilled during 2020 based on initial drilling results. 

The CPO-11 covers almost 1000 square miles with multiple identified leads and prospects expected to support a multi-well drilling program.  The Venus Exploration area includes an existing productive vertical well that is presently shut-in. Based on analogies to the adjacent Rubiales field and in order to optimize expected resource recovery and well economics, the Venue-1 well, and future wells in the Venus Exploration area, are presently planned as horizontal wells. 

Jim Schoonover, CEO of Houston American Energy, stated, "We are excited to resume our operations in Colombia alongside our historic partner, Hupecol, and Parex, a leading operator in Colombia.  In addition to participation in a potential large scale drilling and development program represented by CPO-11, we expect that resumption of our investment alongside Hupecol and investing alongside Parex will offer the potential to further expand our footprint in Colombia."

The addition of CPO-11 compliments our recent efforts to expand our acreage position which, over the last year, has resulted in the acquisition of positions in two blocks in the Midland sub-basin of the Permian Basin totaling approximately 6,500 gross acres plus the 639,000+ gross acre CPO-11 block. Together, we expect those acquisitions to provide a multi-year inventory of drilling prospects with the potential return to growth in production, proved reserves, revenues and a potential return to profitability."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the drilling dates and drilling results of the Daily-1, Venus-1 and Montuno-1 wells, the number of wells actually drilled, the use of horizontal drilling techniques, the timing of drilling additional wells and the results of drilling, the potential to expand holdings in Colombia and the ability to grow production, proved reserves and revenues and achieve profitability.  Our ability to drill the indicated wells, the timing of drilling, the ultimate number of wells drilled, our ability to expand our holdings in Colombia and to grow production, proved reserves and revenues and attain profitability are subject to numerous risk factors, including potential fluctuations in energy prices and third party costs, dependence on third party operators, rates of decline of production, ultimate performance of wells, our ability to finance our share of acquisition and drilling costs, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Sept. 20, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced that it has secured funding to complete its previously announced agreement to acquire a 20% interest in a 5,871 gross acre block in the San Andres formation located in the Northern Shelf of the Permian Basin. With the funding and completion of the acquisition, the company has increased its gross acreage position in the Permian Basin while also securing participation rights in an area of mutual interest, including the acquired acreage position, covering 20,367 gross acres.

Funding was provided in the form of a loan, with warrants, from the company's Chief Executive Officer and a principal shareholder.

Jim Schoonover, CEO of Houston American Energy, stated, "As evidenced by my commitment and that of our principal shareholder to provide financing for this acquisition, we are excited about the potential of this new acreage position. Based on conversations with the operator, we expect drilling of an initial well on the acreage to commence by year-end 2019."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the timing of drilling an initial well and the ultimate results of drilling operations on the acquired acreage. The timing and results of drilling operations and our ability to grow production, revenues, reserves and shareholder value are subject to numerous risk factors, including our ability to finance our share of drilling and development costs, potential fluctuations in energy prices and third party costs, rates of decline of production, and ultimate performance of wells, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Aug. 26, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced that it has signed an agreement to participate in a new drilling program in the San Andres formation located in the Northern Shelf of the Permian Basin. Under the agreement, the company will acquire a 20% working interest in an existing 5,871 gross acre block. The agreement provides that Houston American will pay 26.667% of the costs of an initial test well through the point at which the well is drilled, completed, equipped and ready for operation, production or disposal. All additional operations will be conducted on a heads up basis.

The agreement also defines an area of mutual interest, or AMI, in approximately 20,367 acres in the area of, and including, the existing acreage covered by the agreement. The parties to the agreement will have the right to participate, at cost, in any interest acquired in the AMI over the following five years.

Jim Schoonover, CEO of Houston American Energy, stated, "This agreement is the culmination of more than a year of effort to identify a suitable growth platform. We believe this agreement has the potential to be such a platform. We expect an initial horizontal test well will commence on the block before the end of 2019. If successful, we believe the existing acreage will support drilling of up to 50 wells over the next 4 to 5 years with the acquisition of additional acreage under the AMI supporting additional wells. Upon completion of our acquisition of this acreage, together with our existing holdings in Reeves County and Yoakum County, we believe we will be positioned to resume sustainable growth in production, revenues, reserves and shareholder value."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding our ability to consummate the acquisition of the subject acreage; to finance our acquisition of the acreage position and interests in the AMI and our share of drilling and related costs; to consummate acquisitions of interests in the AMI; the timing of drilling an initial test well and results of an initial test well; the number of wells ultimately drilled on the subject acreage and the time to develop such acreage; and, our ability to grow production, revenues, reserves and shareholder value.  Our ability to consummate the acquisition of such acreage, finance our share of associated costs, the timing and results of drilling operations and our ability to grow production, revenues, reserves and shareholder value are subject to numerous risk factors, including potential fluctuations in energy prices and third party costs, rates of decline of production, ultimate performance of wells, and our ability to finance acquisition and drilling of prospects, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Aug. 19, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today provided an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas. 

The Frost #1H well was put on production as of June 8, 2019.  The well began producing oil immediately and has been unloading frac fluid and formation water while continuing to produce oil. Over the first two weeks of August, daily production from the well has averaged 81 barrels of oil and 1,538 barrels of water.  The well operator has advised that peak production is expected between 3 to 6 months following commencement of production. The operator has also advised that it is disposing of produced water at $0.40 per barrel, making the well economical at current production rates.

Based on the initial and anticipated ultimate results of the Frost #1H well, the operator and Houston American Energy have agreed to drill an additional 3 wells on the lease over the next 12 months.  The first of these additional wells is expected to be drilled in the fourth quarter of 2019. Houston American Energy holds a 12.5% working interest (subject to a 10% back-in after payout) in the 650-acre prospect.

The operator is attempting to add to the existing lease position in the area.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding future production levels, timing of reaching peak production levels, the continued ability to operate the well economically, the timing and ultimate number of additional wells drilled on the prospect and the results of any such wells and the ability to secure additional leasehold acreage in the area on acceptable terms or at all.  Our ability to grow production and revenues, control or reduce costs, attain profitability, drill and complete wells, and the timing thereof, and secure additional opportunities that enhance shareholder value are subject to numerous risk factors, including potential fluctuations in energy prices and third party costs, rates of decline of production, ultimate performance of wells, our ability to finance acquisition and drilling of prospects, and competition for opportunities, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, June 14, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today provided an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas. 

Frac operations on the Frost #1-H well have been completed and the well has been put on production as of June 5, 2019.  The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil.  Once the process of cleaning up the well is completed, the company intends to announce an initial production rate.

Houston American Energy holds a 12.5% working interest (subject to a 10% back-in after payout) in the 650-acre prospect.

Jim Schoonover, CEO of Houston American Energy, stated "We are pleased with the performance of the well to date recognizing the limited history of the well.  However, having oil production from the outset is very positive."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, May 20, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced the initiation of fracking operations on the company's Frost #1H well.

The Frost #1H well is located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas, and targets the "Exploration" component of the San Andres Formation. Houston American Energy holds a 12.5% working interest (subject to a 10% back-in after payout) in the 650-acre prospect.

Jim Schoonover, interim CEO of Houston American Energy, stated, "The operator of our Frost #1H well has initiated fracking operations on the completed well. Production facilities have been built on the site to support a multi-well program, including access to a saltwater disposal well. We anticipate bringing product to sale as soon as possible following completion of fracking. Our operator has previously indicated that our Yoakum County lease acreage may support up to five additional horizontal wells."

"Once initial production volumes are known, we will announce results and approximate timing on further development of the lease."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding timing to complete fracking operations, ultimate well results, timing to bring product to sales, the capacity of the production facilities to support a multi-well program and the capacity of the Yoakum County lease acreage to support up to five additional horizontal wells. Our ability to successfully bring the Frost #1H well onto production and develop the prospect is subject to numerous risk factors, including our ability to finance our share of costs, the ability of our operator to finance and execute on planned drilling operations, the ultimate recoveries from the prospect, the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, April 1, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced financial results for its fourth quarter and year ended December 31, 2018. Net income for the fourth quarter of 2018 was $64,665 compared to a net loss of $282,663 for the fourth quarter of 2017.  For the twelve months ended December 31, 2018, net loss was $251,336 compared to a net loss of $2,037,614 for the twelve months ended December 31, 2017.

The improvement in quarterly and full year operating results reflects substantial increases in oil and gas revenue, receipt of a lease bonus from the extension of a mineral acreage lease in Louisiana and the results of the company's cost control measures.  Oil and gas revenues were up 256% for the year, to $2,243,325 for 2018 as compared to $630,392 in 2017.  The increase in revenues was attributable to production from the Company's Reeves County, TX wells which came on line late in 2017. The Company's commitment to lower operating costs and stringent financial controls had a positive impact during the year with general and administrative costs decreasing 33% to $1,422,560 in 2018 from $2,128,667 in 2017. 

Other financial metrics improved in 2018, highlighted by:

• Cash flow from operating activities of $360,792 for the year ended December 31, 2018 vs. cash used in operating activities of $1,716,847 for the year ended December 31, 2017
• Proved reserve PV10 valuation of $7,714,648 at December 31, 2018 vs. $6,848,855 at December 31, 2017
• Cash on hand of $755,702 at December 31, 2018 vs. $392,062 at December 31, 2017
• A current ratio of 15:1 at December 31, 2018 vs. 5:1 at December 31, 2017
• Total liabilities of $145,478 at December 31, 2018 vs. $236,560 at December 31, 2017; and
• No long-term debt

James Schoonover, interim CEO stated, "2018 was a pivotal transition year for Houston American Energy, highlighted by substantial production and revenue growth, diversification of our asset base and potential future revenue sources and a keen focus on controlling and lowering costs, culminating in a net profit in the fourth quarter.  Reeves County production, which came on line in late 2017 drove production and revenue growth for the year.  With a salt water disposal well serving Reeves County expected to come on line in the near future, we expect field level operating costs to go down and profitability to increase.  If we see improved profitability, we expect that our new operator will resume development of our Reeves County holdings.

"In 2018, we added to our prospect inventory with our acquisition of an acreage position in Yoakum County and our lease of a portion of our Louisiana acreage to a third party operator.  In Yoakum County, drilling of an initial well has been completed and production facilities are in progress with fracking of the well expected in early 2Q 2019. Assuming successful completion, we expect the well to move onto production and sales promptly following completion.

"In East Baton Rouge Parish, Louisiana, we leased to a third party operator/lessee our interest in a 744-acre tract for which we received a lease bonus of $133,335 and a royalty of 22.5% gross (5.273% net). The operator/lessee of the East Baton Rouge Parish acreage has indicated that its plans to drill an initial well to test the Lower Tuscaloosa Formation.

"Our drilling operations in Yoakum County, together with potential drilling of a well in East Baton Rouge Parish, offer potential diversification and growth in revenues which, together with cost containment efforts, we believe will serve as a foundation for a return to profitability and growth.  In addition to the potential drilling of additional wells on our current acreage, we continue to look for opportunities that will enhance shareholder value."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding our ability to continue to grow revenues, reduce costs and achieve profitability, the timing of a salt water disposal well coming on line in Reeves County and cost savings associated with the same, the timing of completion of our Yoakum County well, the drilling, and timing of drilling, of additional wells on existing acreage, the ultimate drilling, and success of drilling, of a well in East Baton Rouge Parish, and our ability to secure additional opportunities that enhance shareholder value.  Our ability to grow revenues, reduce costs, attain profitability, drill and complete wells, and the timing thereof, and secure additional opportunities that enhance shareholder value are subject to numerous risk factors, including potential fluctuations in energy prices and third party costs, rates of decline of production, ultimate performance of wells, our ability to finance acquisition and drilling of prospects, and competition for opportunities, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Jan. 18, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today provided an update with respect to drilling operations on its San Andres prospect in Yoakum County, Texas.

The Frost #1H well, the company's first well on the prospect, has reached total depth of approximately 10,000 feet, including an approximately 4,800-foot horizontal leg, and casing is being set. The operator has advised that it plans to initiate fracking of the well in the immediate future.

The well, located in the Northwest Shelf of the Midland Basis, targeted the "Exploration" component of the San Andres Formation. Houston American Energy holds a 12.5% working interest (subject to a 10% back-in after payout) in the 650-acre prospect.

Jim Schoonover, interim CEO of Houston American Energy, stated, "We are pleased to have completed drilling operations on our first San Andres well and look forward to the commencement of fracking operations and bringing the well on line. Drilling data has been encouraging and, based on that data, our operator has determined to move forward expeditiously with setting production facilities to facilitate the commencement of production as soon as possible following completion of fracking. We expect that the operator's plans to commence construction of production facilities will allow us to avoid, or minimize, shutting-in the well pending construction of such facilities. As a result, we expect to save both cost and time bringing the well onto production, facilitating continuous production and cash flow.

"Depending on the ultimate results of the Frost #1 well, we anticipate that our existing acreage may support a multi-well development program. Our operator has previously indicated that our Yoakum County lease acreage may support up to five additional horizontal wells."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding timing of commencement of fracking operations, ultimate success of drilling and fracking operations, anticipated cost and time savings, ability to avoid shutting-in wells pending construction of production facilities and ability to realize continuous production and cash flow associated with current plans, and the number of wells that may be successfully developed on the prospect. Our ability to successfully drill and develop the prospect is subject to numerous risk factors, including our ability to finance our share of costs, the ability of our operator to finance and execute on planned drilling operations, the ultimate recoveries from the prospect, the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Jan. 2, 2019 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced that it has leased to a third party operator its interest in mineral acreage in East and West Baton Rouge Parishes in Louisiana.

The leased acreage covers 743.94 gross acres (174.26 acres net to HUSA's interest) out of a larger 2,485 gross acre block (582.42 acres net to HUSA's interest).  The larger block is the site of HUSA's Crown Paper #1 well.

Pursuant to the terms of the lease, the operator has paid a lease bonus of $600 per acre, or $104,616 to HUSA.  The lease is subject to a 22.5% royalty, which royalty interest is subject to production and ad valorem taxes but is not burdened by other costs.  As a result, HUSA will have an approximate 5.27% cost free interest, other than taxes, in all wells drilled exclusively on the leased acreage.

The operator/lessee has indicated that it plans to drill an initial well on the leased acreage to test the Lower Tuscaloosa Formation below 19,000 ft. The Tuscaloosa Formation has been characterized by thick multiple intervals with long life production. Other Lower Tuscaloosa fields in the area are Port Hudson, Alsen, Irene, South Irene and Profit Island.

Jim Schoonover, interim CEO of Houston American Energy, stated: "We are excited to have partnered with an operator to develop this lease. We believe two wells will be needed to test the Lower Tuscaloosa Formation.  However, the number of wells drilled will ultimately be at the sole discretion of the operator.

"This project has the potential to add meaningfully to our reserves, production and revenue. We are looking forward to drilling the planned test well to prove up that potential." 

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the number and depth of test wells to be drilled as well as the ultimate number of wells drilled on the acreage, the timing of drilling and the results of drilling operations, including the potential addition of reserves, production and revenue. Each of such statements is subject to numerous risk factors, including the ability of the operator to finance and execute on planned drilling operations, the ultimate recoveries from the prospect, the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com, or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Nov. 13, 2018 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced financial results for its third quarter and nine months ended September 30, 2018. Net loss for the third quarter of 2018 was $116,831 compared to a net loss of $786,278 for the third quarter of 2017.  For the nine months ended September 30, 2018, net loss was $316,000 compared to a net loss of $1,754,951 for the nine months ended September 30, 2017.

The decline in loss reflects substantial increases in oil and gas revenue and the results of the company's cost control measures.  Oil and gas revenues were up 395% for the quarter, to $552,946 for the third quarter of 2018 as compared to $111,741 during the third quarter of 2017, and up 773% for the nine-month period, to $1,881,683 for the nine months ended September 30, 2018 from $215,649 for the nine months ended September 30, 2017.  The increase in revenues was attributable to the commencement of production from the Company's Reeves County, TX wells. The company's efforts to lower operating costs and implement more stringent financial controls had a positive impact during the quarter resulting in a 52% decrease in general and administrative expenses for the quarter, to $301,495 for the third quarter of 2018 as compared to $622,994 during the third quarter of 2017, and a 28% decrease in general administrative expenses for the nine-month period, to $1,165,854 for the nine months ended September 30, 2018 from $1,627,433 for the nine months ended September 30, 2017. 

The company's balance sheet showed continued improvement from year-end 2017, highlighted by:

• Cash on hand of $785,346 at September 30, 2018 compared to $392,062 at December 31, 2017;
• Working capital of $1,112,079 at September 30, 2018 compared to $591,703 at December 31, 2017; and
• No debt.

"As we continue our pursuit of a full time CEO, Houston American Energy has begun to put the initial pieces of our long-term strategy of growth and cost containment in place during the most recent quarter," stated Jim Schoonover, interim CEO. "We have focused on bringing overhead down and have seen tangible improvements in general and administrative expense while continuing to pursue measures to bring down lease operating expenses. On the revenue growth side, we are actively engaged in pursuing new drilling opportunities in Reeves County, TX, where we are working with the new operator of our existing wells and acreage, as well as in Yoakum County, TX, Louisiana and Colombia where new projects present themselves on an ongoing basis.  As those opportunities materialize and we grow the top line, we anticipate a meaningful percentage of that revenue will drop to the net profit line."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding future drilling operations, cost control results and ultimate profitability.  Our ability to identify and execute on future drilling opportunities is subject to numerous risk factors, including competition for prospects, our ability to finance acquisition and drilling of prospect, the ultimate cost, production and other performance of future drilling efforts, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Nov. 9, 2018 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced an update on the drilling plans for the San Andres prospect.  As previously reported, the company entered into an agreement to acquire a 12.5% working interest in a prospect covering approximately 650 gross acres (81.25 new mineral acres) in Yoakum County, TX.

The company has been notified by the prospect operator that unanticipated issues that had delayed drilling operations have been resolved and the drilling of the first well is expected to commence by year end 2018.

The initial prospect is located on the Northwest Shelf of the Midland Basin. The prospect is comprised of the "Exploration" component of the San Andres Formation with well operations planned to use horizontal laterals and fracture stimulation. The initial proposed well is a 4,620-foot horizontal exploration well targeting the San Andres Formation. The operator estimates that the prospect could ultimately be developed with six (6) additional horizontal wells as leased.

"If the initial wells perform in line with our expectations, we plan to continue the pursuit of additional opportunities in Yoakum County. Given the experience of existing operators, we believe we can achieve substantial production while bringing down costs as compared to typical Permian Basin wells," stated Jim Schoonover, interim CEO of Houston American Energy.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding timing of commencement of drilling operations, ultimate success of drilling operations, the number of wells that may be developed on the prospect and expected cost savings. Our ability to successfully drill and develop the prospect is subject to numerous risk factors, including our ability to finance our share of costs, the ability of our operator to finance and execute on planned drilling operations, the ultimate recoveries from the prospect, the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at www.houstonamerican.com, or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, June 7, 2018 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced certain management changes.

After careful consideration, the board of directors of Houston American determined not to renew the position of John Boylan as Chairman, President and CEO of the Company, terminating Mr. Boylan's service in those positions effective immediately.

Houston American will immediately commence a search for Mr. Boylan's replacement.  Pending hiring a replacement, Steve Hartzell, a long-time director and lead independent director, has assumed the role of Chairman on a temporary basis and James Schoonover, a major investor in Houston American and April 2018 addition to the board, has assumed the role of interim CEO.

Mr. Hartzell stated, "After considering the recent slow pace of prospect generation, drilling and development and our low valuation, our board determined that a change of leadership was necessary.  Our board believes that attractive opportunities remain available and that a leader with strong upstream oil and gas industry experience and access to deal flow will allow Houston American to tap attractive opportunities and develop and execute a coherent drilling and development strategy. Our goal is simple – to put the company back on a growth path to achieve sustainable and growing production, reserves, revenues, profitability and cash flow.  We continue to hold valuable Permian Basin assets with existing production and an inventory of drilling prospects while retaining a debt-free balance sheet and access to public capital markets.  We believe that these characteristics position the company to achieve our growth objectives and will allow us to attract new leadership with the necessary industry experience to develop and execute a sustainable growth strategy.  We are appreciative of Mr. Boylan's contributions to Houston American and wish him well in his future endeavors."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the ability to attract and retain management personnel, to access additional opportunities and to achieve growth in revenue, reserves, production, profitability and cash flow. Those statements, and Houston American Energy Corp., are subject to a number of risks, including risks relating to our ability to fund our share of acquisition, drilling and development costs, our dependence on the operator with respect to timing of drilling, costs and ultimate drilling results and other risks common to oil and gas drilling operations.  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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, May 22, 2018 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA), a Permian Basin-focused E&P company, today announced that it has entered into an agreement to acquire a 12.5% working interest in a prospect covering approximately 650 gross acres (81.25 net mineral acres) in Yoakum County, Texas.

The prospect is a Horizontal San Andres prospect located in the Northwest Shelf at the northern portion of the Midland Basin (which is a sub-basin of the Permian Basin) in west Texas. Principal features of the prospect include:

• Seller will serve as operator of the acreage with drilling of an initial well expected to commence during July 2018 targeting the potential resources in the San Andres Formation;
• Purchase price is $1,665 per net mineral acre, or a total of $135,329;
• Lease has a three-year primary term, expiring October 1, 2019, and a 75% net revenue interest (9.375% net to our interest);
• Four horizontal wells will hold the entire acreage block upon the establishment of production;
• Houston American will pay its proportionate share of actual costs of drilling and completing all wells; and
• Houston American's interest is subject to a reduction for a 10% back-in after payout for the benefit of the operator after Houston American recovers its purchase price and drill and complete costs for the first four wells to be drilled.

John Boylan, Chairman and CEO of Houston American Energy stated: "We are very pleased to have identified and agreed to participate in the Horizontal San Andres prospect and to develop a long term relationship with another high quality operator in the Permian Basin.  Our strategy of growing via relationship driven, affordably sized and lower risk drilling opportunities is in the works and we look forward to an active summer of drilling."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the timing of commencement of drilling operations, the number of wells actually drilled, our ability to hold the entire acreage block with four horizontal wells and the ultimate results of drilling operations.  Those statements, and Houston American Energy Corp., are subject to a number of risks, including risks relating to our ability to fund our share of drilling and development costs, our dependence on the operator with respect to timing of drilling, costs and ultimate drilling results and other risks common to oil and gas drilling operations.  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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, May 14, 2018 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA), a Permian Basin-focused E&P company, today announced financial results for the 2018 First Quarter and provided an update on activity on its Reeves County, Texas acreage.

Q1 2018 Financial and Production Highlights

Q1 2018 revenues rose sharply on increased production attributable to our Reeves County wells and improved energy prices.

• Revenue totaled $754,157 for the quarter ended March 31, 2018, up 1209% from the quarter ended March 31, 2017 and up 82%, from the quarter ended December 31, 2017;
• EBITDAX was $69,148 for the first quarter, (a non-GAAP measure; see reconciliation chart below).
• Production volumes for the quarter ended March 31, 2018 totaled 7,978 barrels of oil ("Bbl") and 63,409 thousand cubic feet of gas ("Mcf")(or 18,546 barrels of oil equivalent ("boe")); compared to 1,641 boe of production for Q1 2017 and 9,403 boe of production for Q4 2017; and
• Realized prices for oil and gas were $60.85/Bbl and $4.24/Mcf for the quarter ended March 31, 2018; compared to $47.91/Bbl and $3.42/Mcf for Q1 2017 and $54.05/Bbl and $4.22/Mcf for Q4 2017.

Reeves County Production Update

The Company's first two Reeves County, Texas wells, the Johnson #1H (25% working interest) and O'Brien #3H (11.1885% working interest) wells, both commenced commercial sales in November 2017.  The wells were both completed in the Wolfcamp A formation with an approximate 4,500' lateral leg.

Mr. John Boylan, Chairman and CEO of Houston American Energy stated: "We are pleased with the performance of our first two completed wells.  Commencing in Q1 2018, we saw material improvements in production, revenues and cash flow resulting in positive EBITDAX of $69,148.  Given the recurring delays experienced in our operator's development of our Reeves County acreage, we will continue to investigate and pursue additional drilling opportunities that produce the greatest potential return to shareholders while embarking on necessary cost cutting measures to maximize cash flow."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding our ability to successfully identify, secure and execute on additional drilling opportunities, maximize return to investors and reduce costs.  Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to identify and secure economically viable drilling opportunities, secure financing to fund Houston American's share of well costs, timing of drilling operations, ultimate drilling results, potential changes in production rates, fluctuations in energy prices, fluctuations in drilling and operating costs, dependence on operators with respect to timing, cost and execution of drilling plans, changes in market conditions, effects of government regulation and other factors.  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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Feb. 12, 2018 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA), a Permian Basin-focused E&P company, today provided preliminary revenue totals for the 2017 Fourth Quarter and provided an update on production from its initial Reeves County, Texas wells.

Preliminary Q4 2017 Revenue Highlights

Q4 2017 preliminary unaudited revenues rose sharply on increased production attributable to our Reeves County wells and improved energy prices.

• Preliminary revenue estimates total $414,743 for the quarter ended December 31, 2017, up 842% from the quarter ended December 31, 2016 and up 271% from the quarter ended September 30, 2017;
• Preliminary production volume estimates for the quarter ended December 31, 2017 totaled 6,150 barrels of oil ("Bbl") and 19,518 thousand cubic feet of gas ("Mcf")(or 9,403 barrels of oil equivalent ("boe")); compared to 1,395 boe of production for Q4 2016 and 2,885 boe of production for Q3 2017; and
• Preliminary realized prices for oil and gas were $54.05/Bbl and $4.22/Mcf for the quarter ended December 31, 2017; compared to $44.94/Bbl and $2.93/Mcf for Q4 2016 and $43.45/Bbl and $3.29/Mcf for Q3 2017.

Reeves County Production Update

The Company's first two Reeves County, Texas wells, the Johnson #1H (25% working interest) and O'Brien #3H (11.1885% working interest) wells, both commenced commercial sales in November 2017.  The wells were both completed in the Wolfcamp A formation with an approximate 4,500' lateral leg.

The initial thirty-day average daily two stream production (IP30) rates, gross, for the O'Brien #3H and Johnson #1H wells were 1,108 boe per day ("boepd") (37% oil) and 1,014 boepd (51% oil), respectively.  On a per 1,000' of lateral basis, the O'Brien #3H and Johnson #1H wells IP30 rates were 246 boepd and 225 boepd, respectively.

Total production from both Reeves County wells was slightly negatively impacted by extreme cold during December, causing shut in of production for five days for the O'Brien #3H well and two days for the Johnson #1H well.

Mr. John Boylan, Chairman and CEO of Houston American Energy stated: "We are very pleased with the performance of our first two completed wells in Reeves County.  After approximately 90 days of operations, both the cumulative production to date and current production rates are, on average, above our economic model forecast.  Commencing in Q4 2017, we saw material improvements in production, revenues and cash flow driven by our Reeves County operations.

We have made significant investments in infrastructure and learned much in the course of drilling our initial wells. We expect to benefit from those investments and lessons and to gain efficiencies as we seek to drill and bring additional wells on line on our existing acreage and as we seek to add to our acreage in Reeves County."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding estimated revenues, production totals and realized prices remaining subject to audit; future production rates, revenues and cash flow in total and from Reeves County operations; ability to finance and successfully drill, complete and bring on line additional wells in Reeves County; ability to finance and acquire additional acreage in Reeves County; and, ability to gain efficiencies in operations. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of well costs, timing of drilling operations, ultimate drilling results, potential changes in production rates, fluctuations in energy prices, fluctuations in drilling and operating costs, changes in market conditions, effects of government regulation and other factors. 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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon, CFA at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Nov. 29, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA), an exploration and development company operating in the Delaware Basin of West Texas and Colombia, announced today that John P. Boylan, the Company's Chairman of the Board and CEO, will present at the LD Micro Conference on December 6, 2017 at 6 PM EST (3 PM PST). Mr. Boylan will discuss the Company's recent operational progress and acquisition strategy in the Permian's Delaware Basin. The presentation will be webcast.

In its 10th year the LD Micro Conference is being held at the Luxe Sunset Bel Air hotel in Los Angeles. For additional details please visit: www.ldmicro.com/events.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing an d non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon, CFA at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Nov. 10, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced that its Johnson #1H well (25% WI), a 4,510 foot lateral Upper Wolfcamp A well, in Reeves County has completed tie-in to a gas sales line and resumed production. The well was shut-in following completion pending construction of a seven-mile gas gathering line.  The well is expected to reach a peak rate within the next thirty days.

John Boylan, Houston American's CEO and Chairman, said, "We continue to move forward with our development project in Reeves County. With newly installed gas gathering and other infrastructure serving both our Johnson acreage and our O'Brien acreage, we expected future wells to benefit from both lower capex costs and a shortened time lapse from well completion to the commencement of sales. As we evaluate production results and continue to gain confidence in the area's multi-zone prospectively, we are actively looking for nearby acquisition targets to grow our acreage position."

Forward-Looking Statements

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, including statements regarding timing of reaching peak production rates; adequacy of infrastructure projects to serve future wells; future capex costs; timing of bringing wells from completion to sales; ability to acquire additional acreage, or the terms of any such acquisitions; and future drilling activity and results in Reeves County. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of well costs, timing of drilling operations, ultimate drilling results, potential changes in production rates, fluctuations in energy prices, fluctuations in drilling and operating costs, changes in market conditions, effects of government regulation and other factors. 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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon, CFA at (917) 477-7800.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

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SOURCE Houston American Energy Corp.

HOUSTON, Oct. 26, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today reported that its O'Brien #3H well (12.5% w.i.), a 4,575' lateral Upper Wolfcamp A well, in its southern Reeves County Riverbend project area, is now connected to a gas sales line enabling the sale of first production.  During a previously announced test, conducted prior to completion of the gas flowline, the well produced 359 BO/D and 4,077 MCF/D (1,039 BOE/D). The well, now on line, is expected to reach peak rate within the next thirty days. The company's second well, the Johnson #1H, also completed in the Upper Wolfcamp A, is shut in awaiting completion of a seven-mile gas sales line and is currently expected to begin selling production by early to mid-November. 

With the nearing completion of gas gathering infrastructure servicing its Johnson acreage and third party development of nearby saltwater disposal infrastructure under development and expected to be operational by January 2018, the company anticipates that all critical company infrastructure is now in place, and third party infrastructure will soon be in place, to support a multi-well drilling program.  Such in-place infrastructure is expected to greatly reduce cycle time between completion of wells and actual sale of production and offer economies of scale associated with higher production volumes and spreading field-wide capex investments to date over multiple wells.

John Boylan, Houston American's CEO and Chairman, said, "We are pleased that test flow rates have exceeded our acquisition type curve and that our O'Brien well is online. With the short delay in completion of gas gathering infrastructure and commencement of gas sales, along with the expected timing for completion of saltwater disposal facilities, we anticipate that drilling of our next two Reeves County wells will be moved back to early 2018. In the meantime, with revenue and cash flow ramping from our first well and expected commencement of production from our second well, we are evaluating additional acreage acquisitions in Reeves County that can be material to our inventory of undrilled core locations and NAV per share. Our industry peers, led by our larger peers, have continued to make substantial investments in the Reeves/Ward County play, as evidenced by a 156% increase in rig count over the past twelve months, and are seeing prospectivity near our acreage across five zones, including the Bone Spring. Those developments, along with our initial well results, continue to support our excitement about our core acreage position in the heart of the Reeves/Ward County play."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding ultimate production rates; commencement of production of the Johnson #1H well; timing and adequacy of infrastructure projects; timing and scale of a multi-well drilling program; achievement of economies of scale; timing of drilling additional wells in Reeves County and results of such drilling activities; ability to acquire additional acreage, or the terms of any such acquisitions; and future drilling activity and results in Reeves County. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of well costs, timing of drilling operations, ultimate drilling results, potential changes in production rates, fluctuations in energy prices, fluctuations in drilling and operating costs, changes in market conditions, effects of government regulation and other factors. 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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon, CFA at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Sep. 26, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA), an exploration and development company operating in the Delaware Basin of West Texas and Colombia, announced today that John P. Boylan, the Company's Chairman of the Board and CEO, will present at IPAA's Oil & Gas Investment Symposium (OGIS) Chicago on October 3, 2017 in Chicago at the Mid-America Club. The presentation will be webcast at 2:30 PM EST using the link:  www.investorcalendar.com/event/20354. Mr. Boylan will discuss the Company's recent progress in the Permian's Delaware Basin.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact the Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Sept. 19, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA, or the "Company") today announced receipt, on September 18, 2017, of notification from NYSE Regulation that the Company has regained compliance with Section 1003(a) of the NYSE American's Company Guide relating to minimum shareholders' equity.

The Company previously received notification from the NYSE American citing failure to comply with the minimum shareholders' equity and minimum stock price standards.  With this latest notice, Houston American Energy has now cured the previously cited deficiencies and is in compliance with the NYSE American's continued listing standards.  Effective September 19, 2017, the ".bc" designation, signifying non-compliance with NYSE American listing standards will be removed from the Company's trading symbol.

John Boylan, Houston American's CEO and Chairman stated: "We are happy to have regained compliance with the NYSE American listing standards. Our efforts and success in that regard, both from a shareholders' equity position and stock price, are, we believe, a reflection of our efforts to re-position Houston American with our entry into Reeves County and the success we have enjoyed with our initial wells. We are confident that we have turned a corner and look forward to providing to our shareholders continued access to a liquid market on the NYSE American and the prospect of a significant uptick in our production, revenues and profitability as our initial wells come on production."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly traded independent energy company with interests in oil and natural gas wells, minerals and prospects.  The Company's business strategy includes a mix of producing and non-producing assets with a focus on the Delaware Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements.

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, including statements regarding ongoing compliance with exchange listing standards and continued listing on the NYSE American, and achievement of increased production, revenues and profitability. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of well costs, timing of drilling operations, rig availability, ultimate drilling results, potential changes in price based on operations and fluctuations in energy prices, changes in market conditions, effects of government regulation and other factors. 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.houstonamerican.com or contact the Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Sept. 14, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA) today announced initial production information on its O'Brien #3H well and provided an update with respect to planned operations in Reeves County, Texas over the balance of 2017.

The O'Brien #3H well, a 4,575 foot lateral Lower Wolfcamp A shale completion, is the company's second well in Reeves County. A recent flowback report from the field indicated a daily production rate of 359 barrels of oil and 4,077 mcf of natural gas per day, or a combined 1,039 barrels of oil equivalent per day.

The well continues to flowback while a gas flow line is constructed to the well. The O'Brien #3H well and the recently completed Johnson State #1H well are both expected to be brought onto production upon completion of construction of gas flow lines, which is expected during September 2017.

Two additional Reeves County wells are planned to commence drilling operations during the 4^th Quarter of 2017 at an estimated cost to Houston American Energy of $3.5 million.

John P. Boylan, CEO and President of Houston American stated, "We are very pleased to announce a second successful Reeves County well. Similar to our Johnson #1H well, our O'Brien #3H well's initial results are encouraging and have exceeded our original expectations. With both wells expected to commence production in September, we expect to see meaningful improvements in our production, revenue and profitability by the end of Q3 and into Q4 2017.

"With the encouraging results of our initial wells, we are looking forward to the next steps in development of our Reeves County acreage.  We have already permitted, and plans are underway to drill by year end, one additional well on each of the Johnson acreage and the O'Brien acreage. We expect that the understanding of the Wolfcamp A formation gained from our initial wells will enhance our drilling results as we further delineate, test and commercialize our Reeves County assets."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding ultimate production rates, timing of completion of the tie in to the gas sales line, improvements in production, revenues and profitability, the ultimate viability of a multi-well drilling program, the timing and cost of future drilling operations and results of drilling and completion operations. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of well costs, timing of drilling operations, ultimate drilling results, potential changes in production rates, fluctuations in energy prices, fluctuations in drilling and operating costs, changes in market conditions, effects of government regulation and other factors. 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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon, CFA at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Sept. 7, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE American: HUSA), an exploration and development company operating in the Delaware Basin of West Texas and in Colombia, announced today that John P. Boylan, the Company's President and CEO, will present at the Rodman Renshaw Global Investment Conference on Monday, September 11, from 5:05-5:30 p.m. Eastern Time. Mr. Boylan will discuss the Company's recent progress in the Permian's Delaware Basin.

The Rodman Renshaw 19^th Annual Global Investment Conference is being held at The Lotte New York Palace Hotel, September 10-12. For more information, please visit rodmanandrenshaw.com.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon, CFA, at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Aug. 25, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today provided an update with respect to the status of its operations, the anticipated commencement of production and upcoming drilling plans in Reeves County, Texas.

The company's O'Brien #3H well has been successfully hydraulically fractured in the Lower Wolfcamp A Zone and flow back is scheduled to begin today, August 25, 2017.

With completion of drilling operations on the O'Brien #3H well, the drilling rig was released on July 1, 2017 and hydraulic fracturing of the well commenced on August 14, 2017.  The O'Brien production facilities are nearing the final phase of construction and should be ready to receive production of oil and gas from the O'Brien #3H as the well unloads over the coming days and weeks.  Preliminary test results, performed prior to commencement of the hydraulic fracture stimulation job, included oil produced to the surface.  A few miles to the south, on the Johnson tract, construction of the gas flowline is nearing completion to connect the Johnson State #1H well to the gas sales point.  We anticipate that both of the new wells will be put on production during the month of September 2017.

John P. Boylan, CEO and President of Houston American stated, "We are very pleased with the efficiency and performance of our operating partner, with our two initial Reeves County wells coming in on or ahead of schedule. We anticipate announcing productivity results from fracking of the Wolfcamp A in the O'Brien #3H well once known.  Our next two wells, one on the eastern half of the O'Brien tract, (18.67% working interest) and one on the Johnson tract, (25% working interest) are planned to be drilled sequentially as was the case with our first two wells.  The operator anticipates the wells will spud toward the end of 4^th Quarter 2017, depending on rig availability."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Delaware Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the anticipated time to complete production facilities and gas gathering lines, to achieve producing status and to commence drilling operations on future wells. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of well costs, timing of drilling operations, rig availability, ultimate drilling results, potential changes in price based on operations and fluctuations in energy prices, changes in market conditions, effects of government regulation and other factors.  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.houstonamerican.com or contact the Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, Aug. 9, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA), an exploration and development company operating in the Delaware Basin of West Texas, Louisiana and Colombia, announced today that John P. Boylan, the Company's President and CEO, will present at EnerCom's The Oil & Gas Conference on Wednesday, August 16, 2017 from 2:45-3:10 p.m. Mountain Time in Conference Room C. Mr. Boylan will discuss the Company's recent progress in the Permian's Delaware Basin.

In its 21^st year, EnerCom's The Oil & Gas Conference is being held at The Westin Denver, August 13-17. For more information, please visit http://www.theoilandgasconference.com.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon at (917) 477-7800.

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SOURCE Houston American Energy Corp.

HOUSTON, Aug. 1, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced production information on its Johnson State #1H well and provided an update with respect to the status of its drilling and completion operations in Reeves County, Texas.

The company's Johnson State #1H well, a 4,510 foot lateral Lower Wolfcamp A shale completion, is the company's first well in Reeves County.  On July 28, 2017, the operator began the process of shutting in the well pending completion of production handling facilities and tying into the gas sales line, which is anticipated within the next two weeks.  Prior to shut in, the latest daily flowback report indicated production rates of 351 barrels of oil per day and 4,269 mcf of natural gas per day, or a combined 1,062 barrels of oil equivalent per day.

The company's second Reeves County well, the O'Brien #3H, reached total depth on July 1, 2017. The well, with a 4,575 foot horizontal leg in the Upper Wolfcamp A shale, is scheduled to commence hydraulic fracturing operations during the second half of August 2017.

John P. Boylan, CEO and President of Houston American stated, "We are very pleased to begin seeing the fruits of our investments in Reeves County. Our Johnson State #1H well is our first Reeves County well and initial results are encouraging and slightly exceed our original expectations. We plan to announce initial production rates from our O'Brien #3H well when they become available. While we remain in the very early stages of our planned operations in Reeves County, initial results appear to support our rationale for entry into the Permian (Delaware) Basin and the prospects of a multi-well drilling program on our initial acreage.  The Johnson State #1H well is our first meaningful U.S. well and marks a milestone in the repositioning of our company as a Permian (Delaware) Basin participant.  We expect to see meaningful improvements in our production, revenue and profitability by the end of Q3 2017."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding ultimate production rates, timing of completion of production handling facilities and tie in to the gas sales line, timing of hydraulic fracturing operations on the O'Brien #3H well,  improvements in production, revenues and profitability, the ultimate viability of a multi-well drilling program and results of drilling and completion operations. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of well costs, timing of drilling operations, ultimate drilling results, potential changes in production rates, fluctuations in energy prices, fluctuations in drilling and operating costs, changes in market conditions, effects of government regulation and other factors.  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.houstonamerican.com or contact the Houston American Energy Corp. at (713) 222-6966.

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SOURCE Houston American Energy Corp.

HOUSTON, May 5, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has completed a private placement of $910,000 of Units consisting of shares of 12.0% Series B Convertible Preferred Stock and Warrants.

Funds from the offering will be used primarily to pay Houston American's share of drilling costs on the Johnson State #1H well in Reeves County, Texas, with excess funds being added to working capital.

John P. Boylan, CEO and President of Houston American stated, "This equity raise provides Houston American with capital needed to pay our share of the drilling costs of our first Reeves County well, which spud earlier this week. The raise will also provide additional working capital and further our ongoing plan to regain compliance with NYSE MKT shareholders' equity requirements."

Separately, the Board of Directors has rescheduled Houston American's 2017 annual meeting of stockholders to September 6, 2017.  Houston American will distribute a definitive proxy statement in the coming weeks in connection with the matters to be voted on at the rescheduled annual stockholders meeting.

This news release does not constitute an offer to sell or solicitation of an offer to buy any securities.

About Houston American Energy Corp

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on the Delaware Basin in Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding regaining compliance with NYSE MKT shareholders' equity requirements. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of completion costs, timing of drilling operations and ultimate drilling results, among other factors.  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.houstonamerican.com or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, March 22, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA; the "Company") today announced receipt of notification (the "Deficiency Letter") from the NYSE MKT LLC that the Company continues to be out of compliance with certain NYSE MKT continued listing standards relating to stockholders' equity.

Specifically, the Deficiency Letter indicated that the Company continues to be out of compliance with Section 1003(a)(iii) of the NYSE MKT Company Guide (the "Company Guide") (requiring stockholders' equity of $6.0 million or more if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years) and is also out of compliance with Section 1003(a)(ii) (requiring stockholders' equity of $4.0 or more if it has reported losses from continuing operations and/or net loss in its four most recent fiscal years). As of December 31, 2016, the Company had stockholders' equity of $2.86 million.

As previously reported, the Company has submitted a plan to regain compliance with NYSE MKT listing standards. If the Company does not regain compliance with those standards by September 18, 2017, or does not make progress consistent with the plan, the NYSE MKT staff may commence delisting proceedings. The Company's common stock continues to be listed on the NYSE MKT during the plan period.

The Company's common stock will continue to trade under the symbol "HUSA," with the added designation of ".BC" to indicate that the Company is not in compliance with the NYSE MKT's listing standards. The NYSE MKT notification does not affect the Company's business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the Company's material agreements.

The Company also announced the inclusion of a going concern qualification in the audit opinion relating to the Company's audited consolidated financial statement at and for the year ended December 31, 2016, which financial statements are included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2017.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including the Company's ability to execute on a plan to regain compliance with NYSE MKT listing standards. Those statements are subject to a number of risks described in the Company's documents and reports filed from time to time with the Securities and Exchange Commission, which reports 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 Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, March 6, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that the target date for spudding an initial well on its recently acquired Permian Basin acreage has been moved up to the first week of May 2017.  Construction of the drilling surface location and frac pond is expected to commence during the month of March 2017.

The company previously announced, in February 2017, completion of the acquisition of a 25% working interest in two lease blocks covering 717.25 acres in Reeves County, Texas. Founders Oil & Gas III, LLC ("Founders"), operator of the blocks, originally targeted a spud date on or before July 1, 2017.  Founders has advised the company that arrangements have been made to secure a drilling rig and that the target spud date has been accelerated based on the expected timing of availability of the rig. The initial well is planned to be drilled on the company's Johnson lease targeting the WolfBone play.

About Houston American Energy Corp

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the actual spud date and the ultimate delivery of a drilling rig. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of drilling costs, execution of drilling contracts and actual timing of delivery of a rig and commencement of drilling operations as well as the ultimate drilling results.  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 Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, March 1, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA, or the "Company") today announced receipt, on March 1, 2017, of notification from NYSE Regulation that the Company is back in compliance with Section 1003(f)(v) of the NYSE MKT Company Guide (the "Company Guide") relating to the minimum selling price of a listed company's securities.

The Company previously received notifications from the NYSE MKT citing failure to comply with Section 1003(f)(v) as a result of the continued trading of the Company's common stock at a low price. The Company continues to fall below the minimum stockholders' equity requirement of Section 1003(a)(iii) of the Company Guide and continues to be listed on the NYSE MKT pursuant to an extension and a plan, submitted by the Company, to regain compliance with the minimum stockholder equity requirements.  If the Company is not in compliance with the continued listing standards by September 18, 2017, or if it does not make progress consistent with the plan in the interim, the NYSE Regulation staff may initiate delisting proceedings as appropriate.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

For additional information, view the company's website at www.HoustonAmericanEnergy.com or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, Feb. 9, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has completed the acquisition of a 25% working interest in two lease blocks covering 717.25 acres in Reeves County, Texas.

The interest was acquired from Founders Oil & Gas III, LLC for a purchase price of $5,500 per net mineral acre, or a total of $986,000. Additional adjacent acreage is expected to be acquired in the coming weeks by Founders, with Houston American acquiring an interest in the same, to bring the total acreage position to approximately 800 gross acres. Founders will serve as operator of the acreage with drilling of an initial well expected to commence by July 1, 2017 targeting potential resources in the Delaware Basin (which is a sub-basin of the Permian Basin) located in west Texas.

John P. Boylan, CEO and President of Houston American stated, "We are very excited to have consummated this acquisition and look forward to commencing drilling and to the prospect of developing a long-term relationship with Founders. Since our agreement to acquire this position, our further evaluation of the acreage, together with recent announcements of multi-billion dollar acquisitions in, and entries into, the Permian Basin by a number of world-class operators, has bolstered our belief in the potential of these properties."

About Houston American Energy Corp

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the timing of commencement of drilling operations, the timing, amount and ability to acquire additional acreage and the ultimate results of drilling operations. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of drilling costs, timing of drilling operations and ultimate drilling results, potential changes in price based on operations and fluctuations in energy prices, changes in market conditions, effects of government regulation and other factors.  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 Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, Feb. 7, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA, or the "Company") today announced receipt, on February 6, 2017, of notification from NYSE Regulation that the Company continues to be in non-compliance with the NYSE MKT's continued listing standards and that the listing of the Company's common stock was being continued pursuant to an extension.

The notification cited continued failure to comply with Section 1003(a)(iii) of the NYSE MKT Company Guide (the "Company Guide") as a result of the Company's failure to maintain stockholders' equity of at least $6 million coupled with reported net losses in its five most recent fiscal years. The notification also cited failure to comply with Section 1003(f)(v) of the Company Guide as a result of the continued trading of the Company's common stock at a low price.

The Company's common stock has continued to be listed on the NYSE MKT pursuant to a plan, submitted by the Company, to regain compliance with applicable listing standards. Pursuant to the notification, NYSE Regulation has granted to the Company an extension to the cure period with respect to its stock price through February 28, 2017.  If the Company is not in compliance with the continued listing standards by February 28, 2017, or if it does not make progress consistent with the plan in the interim, the NYSE Regulation staff may initiate delisting proceedings as appropriate.

The NYSE MKT notice has no immediate impact on the listing of the Company's common stock, which will, while the Company attempts to regain compliance with the NYSE MKT listing standards and subject to periodic review by NYSE Regulation, continue to trade on the NYSE MKT under the symbol "HUSA," with the added designation of ".BC" to indicate that the Company is not in compliance with the NYSE MKT's listing standards.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

For additional information, view the company's website at www.HoustonAmericanEnergy.com  or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, Jan. 31, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has completed a private placement of $1.2 million of 12.0% Series A Convertible Preferred Stock.

Funds from the offering will be used to complete the previously announced acquisition from Founders Oil & Gas III, LLC of a 25% working interest in two lease blocks covering approximately 800 acres in Reeves County, Texas in the Permian Basin.

John P. Boylan, CEO and President of Houston American stated, "This equity raise provides Houston American with capital needed to complete our acquisition from Founders and to move forward with our plans to further develop our relationship and to pursue opportunities in the Permian Basin. We expect to complete our working interest acquisition from Founders shortly and plan to commence drilling of our first horizontal well on the acquired acreage near the end of the 2^nd Quarter of 2017.  We are very excited about these properties and their potential to accommodate multiple resource development wells. We believe the properties represent a strong start to our plans to build a portfolio of assets in the Permian Basin."

This news release does not constitute an offer to sell or solicitation of an offer to buy any securities.

About Houston American Energy Corp

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the timing of acquisition of acreage and drilling an initial well, the properties' potential to accommodate multiple resource development wells and Houston American's ability to secure additional Permian Basin opportunities. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American's share of drilling costs, timing of drilling operations and ultimate drilling results, among other factors.  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 Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, Texas, Jan. 4, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has entered into a Participation Agreement with Founders Oil & Gas III, LLC ("Founders") pursuant to which Houston American will acquire from Founders a 25% working interest in two lease blocks covering approximately 800 acres in Reeves County, Texas.

The purchase price for the interest is $5,500 per net mineral acre, or a total of $1.1 million.

Founders will serve as operator of the acreage with drilling of an initial well expected to commence by July 1, 2017 targeting potential resources in the Delaware Basin (which is a sub-basin of the Permian Basin) located in west Texas.

John P. Boylan, CEO and President of Houston American stated, "After evaluating numerous opportunities over the past year, we are excited to have identified and agreed to participate in this Delaware Basin prospect and to develop a long term relationship with Founders. We expect to initially target the Wolfcamp shale and Bone Springs formations, commonly referred to as the WolfBone play."

The transaction is expected to close during mid-January 2017, subject to customary closing conditions, including Houston American's ability to secure necessary financing. 

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

Forward-Looking Statements

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, including statements regarding the Houston American's ability to secure necessary financing to complete the acquisition, the timing of commencement of drilling operations and the ultimate results of drilling operations. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to satisfy the closing conditions and to fund Houston American's share of drilling costs, timing of drilling operations and ultimate drilling results, potential changes in price based on operations and fluctuations in energy prices, changes in market conditions, effects of government regulation and other factors.  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 Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, Sept. 27, 2016 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA, or the "Company") today announced receipt, on September 26, 2016, of notification from NYSE Regulation that the Company continues to be in non-compliance with the NYSE MKT's continued listing standards and that the listing of the Company's common stock was being continued pursuant to an extension.

The notification cited continued failure to comply with Section 1003(a)(iii) of the NYSE MKT Company Guide (the "Company Guide") as a result of the Company's failure to maintain stockholders' equity of at least $6 million coupled with reported net losses in its five most recent fiscal years. The notification also cited failure to comply with Section 1003(f)(v) of the Company Guide as a result of the continued trading of the Company's common stock at a low price.

As previously reported in a Current Report on Form 8-K filed on March 22, 2016, the Company was previously notified by NYSE MKT that the Company's continued listing was predicated on either affecting a reverse stock split or otherwise demonstrating sustained price improvement no later than September 19, 2016.  The notification reflects the determination by NYSE Regulation that the Company failed to demonstrate sustained price improvement, through a reverse split or otherwise, by the September 19, 2016 deadline. Pursuant to the most recent notification, NYSE Regulation has granted to the Company an extension to the cure period with respect to its stock price through January 3, 2017.  If the Company is not in compliance with the continued listing standards by January 3, 2017, or if it does not make progress consistent with the plan in the interim, the NYSE Regulation staff may initiate delisting proceedings as appropriate.

The NYSE MKT notice has no immediate impact on the listing of the Company's common stock, which will, while the Company attempts to regain compliance with the NYSE MKT listing standards and subject to periodic review by NYSE Regulation, continue to trade on the NYSE MKT under the symbol "HUSA," with the added designation of ".BC" to indicate that the Company is not in compliance with the NYSE MKT's listing standards.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

For additional information, view the company's website at www.HoustonAmericanEnergy.com  or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, July 1, 2016 /PRNewswire/ -- Houston American Energy Corp. (NYSE Mkt: HUSA) (herein the "Company") today announced that it has terminated its stock purchase agreement with Tamboran Resources Limited (herein "Tamboran").  In February 2016, the Company announced it had signed an agreement to purchase 12.5% of Tamboran subject to certain closing conditions. Those closing conditions were not met by Tamboran and, as a result, the Company has terminated its agreement effective June 30, 2016.

Chief Executive Officer Mr. John Boylan commented, "While we are disappointed that we were unable to consummate our planned investment in Tamboran, with its intriguing early-stage Australian resource play, the reallocation of funds earmarked for that investment is expected to enhance our ongoing pursuit of opportunities offering more immediate potential for creation of shareholder value. As previously announced, we are actively engaged in searching for accretive corporate or asset acquisition opportunities or merger candidates. 

Separately, I would note that we are reevaluating our plans regarding our Colombian assets in light of the recent news of the historic peace accord between the Colombian government and the National Liberation Army, also known as FARC.  While the peace accord remains in its early days and there is no assurance as to how that accord will, or will not, impact our assets, we are hopeful that the accord will pave the way for a favorable resolution to our impasse regarding development operations."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded 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, Louisiana, and Colombia.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on the Company's current expectations, estimates and projections about the Company, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding the Company's ability to successfully redeploy funds in an accretive transaction and to create shareholder value and the resolution of impasses relating to Colombian assets and the ultimate value and/or operating results relating to such assets. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.

Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks.  Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect the Company's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that the Company files periodically with the Securities and Exchange Commission.

For additional information, view the company's website at www.HoustonAmericanEnergy.com  or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, June 13, 2016 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) (herein the "Company") today announced that it has engaged Drexel Hamilton, a New York-based full-service institutional broker-dealer focused on investment banking, capital markets, equities, corporate debt, government agencies and municipal finance.  

Drexel Hamilton will work with the Company to assist in making merger and acquisitions introductions, negotiating deals, capital sourcing, and other supporting services. 

John Boylan, Chief Executive Officer of the Company, commented, "We believe that building a relationship with a national brokerage firm in anticipation of future mergers or acquisitions will accelerate the steps to achieve our strategic goals. To that end, we are pleased to have engaged Drexel Hamilton to leverage our firm's bandwidth in achieving these previously announced objectives."

Chris Freeman, Energy Investment Banker at Drexel Hamilton, stated, "Most oil and gas companies today are trying to sell assets to address their debt loads. We like Houston American Energy Corp. in that it currently has no debt, its shares trade on a recognized exchange and it has an experienced management team in the oil and gas industry. Houston American's May 16, 2016 release announced new strategic alternatives being sought by the Company and Drexel Hamilton has been engaged to provide support with acquisition candidates, merger partners, other alternatives and capital sourcing to support those efforts."

While the Company believes that there are attractive opportunities that will be available to execute one or more strategic transactions that will position the Company to take advantage of an anticipated future recovery in energy markets, such transactions may be highly dilutive and there can be no assurance that any such strategic transaction can be executed on acceptable terms or at all. For additional information please refer to our web site www.HoustonAmerican.com or our corporate filings available on our web site and the Securities and Exchange Commission's Edgar web site www.SEC.gov . 

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company, which currently has no debt, 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, Louisiana, and Colombia. 

About Drexel Hamilton

Drexel Hamilton, LLC is a New York-based full-service institutional broker-dealer focused on investment banking, capital markets, equities, corporate debt, government agencies, mortgages, and municipals. The firm was founded in 2007 on the principle of offering meaningful employment opportunities to disabled veterans desiring a career in financial services. With more than 90 professionals, including 41 military veterans, 23 of whom are service disabled, Drexel Hamilton has offices in Philadelphia, New York, Chicago, Jacksonville, Houston, Boston, Milwaukee, Lincoln, San Francisco, and Detroit.  For more information, please call (866) 999-4401 or visit Drexel Hamilton's website at www.drexelhamilton.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on the Company's current expectations, estimates and projections about the Company, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding the availability of merger and acquisition candidates, the Company's ability to consummate one or more mergers or acquisitions or to secure additional capital and the future recovery of energy prices. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.

Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks.  Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect the Company's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that the Company files periodically with the Securities and Exchange Commission.

For additional information, view the company's website at www.HoustonAmericanEnergy.com  or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, June 6, 2016 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA, or the "Company") announced today the receipt of notification from NYSE Regulation that the Company's plan to regain compliance with the NYSE MKT exchange's continued listing standards has been accepted and its listing on the exchange continued pursuant to an extension.

The notification cited continued failure to comply with Section 1003(a)(iii) of the NYSE MKT Company Guide (the "Company Guide") as a result of the Company's failure to maintain stockholders' equity of at least $6 million coupled with reported net losses in its five most recent fiscal years.

In response to previous notification from the exchange regarding such deficiency, as reported by the Company in a Form 8-K filed March 22, 2016, the Company submitted a plan to regain compliance with Section 1003(a)(iii). Under the exchange's most recent notice, the Company has been granted a period to implement its plan through September 18, 2017. Such extension is subject to periodic review by the NYSE MKT for compliance with the initiatives set forth in the plan. If the Company is not in compliance with the continued listing standards by September 18, 2017, or if it does not make progress consistent with the plan during the plan period, the NYSE Regulation staff may initiate delisting proceedings as appropriate.

Also, as previously reported in a Current Report on Form 8-K filed on March 22, 2016, the Company was previously notified by NYSE MKT that the Company was not in compliance with the continued listing standards set forth in Section 1003(f)(v) of the Company Guide due to the average selling price of the Company's common stock falling below the acceptable minimum required average share price. The exchange has further notified the Company that, in addition to curing the Section 1003(a)(iii) deficiency, it's continued listing is predicated on either affecting a reverse stock split or otherwise demonstrating sustained price improvement by no later than September 19, 2016.

Included in the Company's plan to regain compliance is an active program to identify and acquire producing oil and gas assets with development upside, which management believes could positively address both price and equity exchange listing standards if successfully completed.  

The NYSE MKT notice has no immediate impact on the listing of the Company's common stock, which will continue to trade on the NYSE MKT exchange under the symbol "HUSA" subject to periodic review by the NYSE MKT.

The Company's annual meeting of stockholders is scheduled for tomorrow, June 7, 2016, at 10:00am central standard time in Houston.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on the Company's current expectations, estimates and projections about the Company, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding the timing and ultimate ability to cure exchange listing deficiencies and consummate acquisitions. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.

Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect the Company's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that the Company files with the Securities and Exchange Commission.

For additional information, view the company's website at www.HoustonAmericanEnergy.com or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, May 16, 2016 /PRNewswire/ -- Houston American Energy Corp. (NYSE Mkt: HUSA) (herein the "Company") today announced that its Board of Directors has approved the exploration of strategic alternatives by the Company.  The Company intends to consider a broad range of strategic alternatives including, but not limited to, seeking acquisition candidates, a merger partner or sale of assets or the Company, among other alternatives.

The determination to explore strategic alternatives was made following notification from the operator of the project of further delays in securing the required environmental license to commence drilling operations on the Company's Serrania block in Colombia. As a result of local opposition and continued delays in issuance of the required license, the operator of the block is evaluating its rights, obligations and options with respect to the Serrania block.  In light of the further delay in issuance of the license, the Company does not expect to commence drilling operations on the block during 2016 as previously planned.

Chief Executive Officer Mr. John Boylan commented, "Given the uncertainty as to timing and ultimate outcome of our current initiatives in Colombia, and delays in the consummation of our planned investment in Australian operator Tamboran Resources, management has determined that we should consider alternative strategies to build value for our stockholders including seeking an acquisition of significant oil and gas assets or a merger partner."  Mr. Boylan continued, "To that end, we have retained a business development advisor and have commenced discussions with several entities to assist us in identifying strategic transactions. We believe that our simple capital structure with no debt makes our stock an attractive currency to acquire oil and gas assets or established operators seeking access to public capital markets.

"While we believe that there are attractive opportunities that will be available to execute one or more strategic transactions that will position us to take advantage of an anticipated future recovery in energy markets, such transactions may be highly dilutive and there can be no assurance that any such strategic transaction can be executed on acceptable terms or at all."

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Texas, Louisiana and Colombia.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on the Company's current expectations, estimates and projections about the Company, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding the timing and ultimate ability to consummate a strategic transaction as well as statements regarding the timing and ultimate outcome of planned operations and investments in Colombia and Australia. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.

Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks.  Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect the Company's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that the Company files with the Securities and Exchange Commission.

For additional information, view the company's website at www.HoustonAmericanEnergy.com  or contact the Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, March 23, 2016 /PRNewswire/ -- Houston American Energy Corp, (NYSE MKT: HUSA), (herein "Houston American" or the "Company"), today announced that John P. Boylan, CEO will present an overview and investor update of the Company to the Energy Prospectus Group (EPG). The EPG luncheon will be held at the Hess Club located at 5430 Westheimer, Houston, Texas on Tuesday, March 29, 2016 starting at 11:30am.

Interested attendees who would like to meet management and attend the luncheon may register for the meeting at https://www.energyprospectus.com/events/houston-american-energy-corp-march-29th/.  

Houston American CEO, John Boylan stated, "EPG's Dan Steffens is well known in Houston's oil and gas community. His research on oil companies and the industry, as well as his experience in the oilfield, has created a community of about 500 EPG members. We look forward to presenting our Company's reinvigorated strategy and updated asset profile to their audience."

A copy of the presentation will be available on the Company's website on March 29, 2016. The presentation will also be available to members of the Energy Prospectus Group at www.energyprospectus.com.

About Houston American Energy Corp

Based in Houston, Texas, Houston American Energy Corp is a publicly-traded independent energy company with interests in oil and natural gas wells and prospects. The Company's business strategy is to focus on early identification of, and entrance into, existing and emerging conventional and resource plays and typically seeks to partner with established operators for the development of these projects. The Company's property mix includes producing and non-producing assets with a focus on Texas, Louisiana, Colombia and plans to acquire an ownership interest in an Australian based shale resource company.

About the Energy Prospectus Group

Energy Prospectus Group (EPG) is a networking organization for private investors that are heavily invested in the energy sector. Members are geologists, engineers, landmen, financial professionals and small business owners. Many of them have decades of experience in the energy industry. EPG members have access to individual company profiles and forecast models plus several Watch Lists that are housed on the organization's website. The organization also has numerous networking events throughout the year where members and guests get to meet the management of presenting companies. The EPG Forum (an online chat room) gives members an opportunity to share their ideas on individual companies, the markets and trends in the industry.

For additional information, view the company's website at www.HoustonAmericanEnergy.com or contact the Houston American Energy Corp at (713) 222-6966.

SOURCE Houston American Energy Corp

HOUSTON, March 21, 2016 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA; the "Company") today announced receipt of notification (the "Deficiency Letter") from the NYSE MKT LLC that the Company is not in compliance with certain NYSE MKT continued listing standards relating to stockholders' equity.

Specifically, the Deficiency Letter indicated that the Company is not in compliance with Section 1003(a)(iii) (requiring stockholders' equity of $6.0 million or more if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years). As of December 31, 2015, the Company had stockholders' equity of $5.5 million. The Company is required to submit a plan to the NYSE MKT by April 18, 2016 advising of actions it has taken or will take to regain compliance with the continued listing standards by September 18, 2016. The Company intends to submit a plan by the April 18, 2016 deadline. If the Company fails to submit a plan, if the Company's plan is not accepted or if the Company fails to regain compliance by the deadline, the NYSE MKT may commence delisting procedures.

In addition, the Deficiency Letter indicated that the NYSE MKT staff has determined that the Company's securities have been selling for a low price per share for a substantial period of time and, pursuant to Section 1003(f)(v) of the NYSE MKT Company Guide, the Company's continued listing is predicated on taking appropriate steps to demonstrate sustained price improvement within a reasonable period of time, which the staff determined to be no later than September 19, 2016.

The Company's common stock will continue to be listed on the NYSE MKT while it attempts to regain compliance with the listing standards noted, subject to the Company's compliance with other continued listing requirements. The Company's common stock will continue to trade under the symbol "HUSA," but will have an added designation of ".BC" to indicate that the Company is not in compliance with the NYSE MKT's listing standards. The NYSE MKT notification does not affect the Company's business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the Company's material agreements.

The Company also announced the inclusion of a going concern qualification in the audit opinion relating to the Company's audited consolidated financial statement at and for the year ended December 31, 2015, which financial statements are included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 18, 2016.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells and prospects. The Company's business strategy is to focus on early identification of, and entrance into, existing and emerging conventional and resource plays and typically seeks to partner with established operators for the development of these projects. The Company's property mix includes producing and non-producing assets with a focus on Texas, Louisiana, Colombia and plans to acquire an ownership interest in an Australian based shale resource company.

Forward-Looking Statements

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, including the Company's ability to submit and execute on a plan to regain compliance with NYSE MKT listing standards and the Company's plans to acquire interests in assets in Australia. Those statements are subject to a number of risks described in the company's documents and reports filed from time to time with the Securities and Exchange Commission, which reports 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 Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.

HOUSTON, Feb. 24, 2016 /PRNewswire/ -- Houston American Energy Corp. (NYSE Mkt: HUSA) today announced that it has agreed to purchase ordinary shares of Tamboran Resources Limited for $1 million. Closing of the purchase is subject to receipt by Tamboran of a minimum of A$705,000 (approximately US$500,000) of additional funding from the sale of ordinary shares to parties other than Houston American.

Houston American's purchase, when completed, will represent a 12.5% ownership interest in Tamboran and includes anti-dilution provisions that may maintain that ownership level for a period of nine months with respect to certain equity issuances by Tamboran.

Discussing the proposed Tamboran investment, John Boylan, President of Houston American, stated, "Tamboran has assembled what we believe is a highly attractive Australian unconventional resource play and a world-class management team with a long track record of success in early-stage E&P development in North America. We are very excited about the potential of this investment.  With the extended downturn in the energy markets, we have diligently sought out and evaluated opportunities to buy into resource plays at distressed levels where substantial upside potential appears available.  Tamboran is, without a doubt, the most exciting prospect to come across our desk.

"We are particularly excited by three aspects of the Tamboran play as compared to opportunities we have seen elsewhere: the strength of the management team; the ability to participate in a large acreage position at "ground floor" prices; and the highly attractive technical attributes of operations in the Beetaloo/McArthur Basin.

"Tamboran's management team and board feature a blend of seasoned North American and Australian oil and gas industry veterans with particular expertise in shales plays and early stage E&P development. We believe that the proven track record of the assembled management and board position Tamboran well for successful execution of their planned operations.

"From a value standpoint, Tamboran's current acreage position represents what we believe is a remarkable opportunity.  Tamboran claims a position in the Beetaloo/McArthur Basin alone of 1.6 million net acres based on a 25% working interest with an ongoing arbitration that could raise that working interest to as much as 100%.  Based on a 25% working interest in the Beetaloo/McArthur acreage alone, the effective cost of our investment is $5 per acre representing a fraction of the price paid for comparable acreage positions in the U.S.

"Technically, the Beetaloo/McArthur Basin play also compares favorably to U.S. shale plays.  Well logs on Tamboran's initial test well reflect potential resource recoveries equaling or exceeding the premier U.S. shale plays.  Even through the downturn in energy markets, the Beetaloo/McArthur Basin has continued to attract E&P investments with a number of participants announcing drilling, and planned drilling, activities of acreage in proximity to Tamboran's. 

"While Tamboran still has to execute its plans to realize the value of its holdings, including securing substantial drilling and development capital, we are most excited about the potential of Tamboran's assets per dollar invested."

The Subscription Agreement relating to Houston American Energy's planned investment in Tamboran is filed as an exhibit to a Current Report on Form 8-K filed by Houston American with the Securities and Exchange Commission and can be found at www.sec.gov.

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, Louisiana, Colombia and, now, Australia. 

About Tamboran Resources Limited

Tamboran is an Australian company formed in 2009 focused on exploration and development of unconventional gas resources in the Northern Territory and other locations in Australia.  To date, Tamboran has assembled positions in multiple blocks, including a multi-million acre block in the Beetaloo/McArthur Basin where an initial test well has been drilled and logged and is awaiting completion.  Learn more about Tamboran at www.tamboran.com. 

Forward-Looking Statements

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, including Tamboran's receipt of minimum funding called for in the Subscription Agreement and additional funding to support exploration and development activities, potential resource recoveries, commodity prices realized and profitability as well as the ability of Tamboran to execute on its plans. Those statements are subject to a number of risks described in the company's documents and reports filed from time to time with the Securities and Exchange Commission, which reports 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 Houston American Energy Corp. at (713) 222-6966.

SOURCE Houston American Energy Corp.