Houston American Energy Corp (HUSA)

[eFinanceMarkets]

Thought this quote from the CEO was interesting.

John P. Boylan, CEO and President of Houston American stated, "We are pleased that development of the overall project has proceeded as planned. Most encouraging is that well logs from the Johnson #1H indicate the presence of hydrocarbons in the shale formations known to be productive in the area. We anticipate announcing productivity results from fracking of the Wolfcamp A Lower bench in the Johnson #1H well once known. For the O'Brien tract, our pooling agreement with the owner of adjacent acreage gives us 100% utilization of our leasehold interest acquired in February. The potential of this section will be tested with the currently drilling well, the O'Brien #3H."