Houston American Energy Corp (HUSA)

[yaboy520]

Someone correct me if I am wrong

O'Brien 3H flowing 1,039 BPD (Combined)

1,039 BPD x $49.76 (Price of Oil per Barrel)= $18,582,515 per year (Speculative)

Johnson 1H flowing 1,062 BPD (Combined)

1,062 BPD x $49.76 (Current Oil Price) = $19,288,468 per year (Speculative)


Those 2 wells alone would generate almost $40M per year, I am missing something here, or is my math all wrong?


SOMEONE PLEASE CHIME IN, because this company at this current pps is starting to look to good to be true. Even at $20M a year and no debt, I would think would be trading in the multi dollars