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HUSA 06-16 Float 8.83MM / 03-31 Cash $4,766,887. Sources: Marketwatch / SEC 10-Q, respectively.
https://www.marketwatch.com/investing/stock/husa
Drilling operations on Houston American’s first well in the CPO-11 Block Venus Exploration are ongoing since end of May in the Llanos Basin, Colombia. (PR)
"The LLanos Basin is the most prolific hydrocarbon basin of Colombia, hosting well-known petroleum deposits as Caño Limón, Rubiales and other fields. Nine of the twenty most producing oil fields of Colombia are situated in the Llanos Basin." Wiki
05-24-2022 Houston American Energy announces spudding of first well on CPO-11 Venus Exploration Area in Colombia, South America. See map.
Ps. Houston American holds approximately 11% interest in the CPO-11 Venus Exploration area and approximately 5.5% interest in remainder of the block. Drilling operations on Houston American’s first well in Venus Exploration area ongoing from May 24, 2002.
$HUSA
Yes. No debt, millions in cash, mini-float, staggering prospects.
E.g., "Drilling operations on Houston American’s first well in the Venus Exploration are ongoing* (at least since May 2022) in the Llanos Basin, "the most prolific hydrocarbon basin of Colombia, hosting well-known petroleum deposits as Caño Limón, Rubiales and other fields. Nine of the twenty most producing oil fields of Colombia are situated in the Llanos Basin." (quoting Wilkipedia)
HUSA is a small cat now, but may roar like a lion before long.
GIANT Oil and Nat Gas fields: 500 million barrels (79,000,000 m3) of recoverable oil or natural gas equivalent
1) Boral-1 Field, Colombia, Discovered 2008, Giant Field
2) Cano Limon Field, Colombia, Discovered 1983, Giant Field
3) Chuchupa Field, Colombia, Discovered 1973, Giant Field
4) Cupiagua Field, Colombia, Discovered 1993, Giant Field
5) Cusiana Field, Colombia, Discovered 1992, Giant Field
6) La Cira-Infantas Field, Colombia, Discovered 1918, Giant Field
7) Opon Field, Colombia, Discovered 1956, Giant Field
8) Volcanera Field, Colombia, Discovered 1993, Giant Field
https://www.cccarto.com/oil/colombiaoil/#4/7.62/-93.96
*Houston, TX, May 27, 2022 (GLOBE NEWSWIRE) --Houston American Energy Corp. (NYSE American: HUSA) today announced the acquisition of an additional interest in Hupecol Meta, LLC. 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 an approximately 11% interest in the Venus Exploration area and an approximately 5.5% interest in the remainder of the block. Drilling operations on Houston American’s first well in the Venus Exploration area are now ongoing. End quote.
"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 and Colombia."
https://houstonamerican.com/
$HUSA NYSEAmerican Exchange
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Houston American Energy Corp [NYSEAmerican:HUSA] is an independent Oil & Gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Principal properties and operations are in the U.S. Permian Basin. Additional properties in the U.S. Gulf Coast region, particularly Texas and Louisiana, and in Colombia, South America. Focus is on early identification of, and opportunistic entrance into, existing and emerging resource plays.
