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.