HUSAthey are waiting results on there zorro griss well , they are testing 4 areas ..
HOUSTON, Oct. 31, 2012 /PRNewswire/ -- Houston American Energy Corp (NYSE MKT: HUSA) today announced that it has completed the drilling of the #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.
The area HUSA is drilling has 5000 bopd producing wells and over within miles ,the bounus is there is pipe line close to tie in oil if the Zorro Gris well is sucessful helping bring revune online soon as HUSA tie in .
HUSA has found oil imo or they would never of used the liner ..
P.R. is close for test results if postive we could see HUSA rally to a buck - 1.50 imo This was 20 bucks at one time for a reason there columbia plays which i hope after postive results will send the stock back to its days of glorie , this was a div paying $20 i settle for $3 within 3 months very doable IMO
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