HOUSTON, Oct. 31, 2012
/PRNewswire/ -- Houston American Energy Corp (NYSE MKT: HUSA) today
announced that it has completed the drilling of the Zorro Gris #1
well to a total depth of 13,160'. Based on the recommendation
of the operator, and agreed to by Houston
American, tests are expected to be conducted in the Une and
Guadalupe formations with potential additional testing in the Barco
and Mirador formations. The well has been cased with a 7"
liner from the 9 5/8's intermediate casing set from approximately
11,898' to total depth.
Testing is expected to begin in the next several days and
results will be announced when available.
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 Colombia, Texas and Louisiana. Additional information can be
accessed by reviewing our Form 10-K and other periodic reports
filed 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.
Forward-Looking Statements
Disclosures in this press release may contain forward-looking
statements relating to anticipated or expected events, activities,
trends or results. Such forward-looking statements, include,
but are not limited to, statements regarding various oil and gas
discoveries, the potential for or expectation of successful flow
tests, anticipated and potential production and flow rates, reserve
estimates and productive sands, the timing and actual results of
testing and completion operations and other statements that are not
historical facts. Forward-looking statements, can be
identified by the use of forward looking terminology such as
"believes," "suggests," "expects," "may," "goal," "estimates,"
"should," "likelihood," "plans," "targets," "intends," "could," or
"anticipates," or the negative thereof, or other variations
thereon, or comparable terminology, or by discussions of strategy
or objectives. Because forward-looking statements relate to matters
that have not yet occurred, these statements are inherently subject
to risks and uncertainties. Regarding the Zorro Gris #1 well, there
can be no assurance as to the actual timing or results of well
testing, the timing or results of any completion attempts, the
ultimate productivity of any sands and reserves associated
therewith or any other results, financial or otherwise, associated
with the well. Such statements are made to provide the public
with management's current assessment of the Company's business, and
it should not be assumed that actual results will prove these
statements to be correct. Security holders are cautioned that such
forward-looking statements involve risks and uncertainties. The
forward-looking statements contained in this press release speak
only as of the date of this press release, and the Company
expressly disclaims any obligation or undertaking to report any
updates or revisions to any such statement to reflect any change in
the Company's expectations or any change in events, conditions or
circumstances on which any such statement is based. Certain factors
may cause results to differ materially from those anticipated by
some of the statements made in this release. Please carefully
review our filings with the SEC as we have identified many risk
factors that impact our business plan.
SOURCE Houston American Energy Corp