Houston American Energy Provides Update on Zorro Gris #1 Well

        Houston American Energy Provides Update on Zorro Gris #1 Well

PR Newswire

HOUSTON, Oct. 31, 2012

HOUSTON, Oct. 31, 2012 /PRNewswire/ -- Houston American Energy Corp (NYSE MKT:
HUSA) today announced that it has completed the drilling of the Zorro Gris #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.

Testing is expected to begin in the next several days and results will be
announced when available.

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp is an independent energy
company with interests in oil and natural gas wells and prospects. The
Company's business strategy includes a property mix of producing and
non-producing assets with a focus on Colombia, Texas and Louisiana. Additional
information can be accessed by reviewing our Form 10-K and other periodic
reports filed with the Securities and Exchange Commission.

For additional information, view the company's website at
www.houstonamericanenergy.com or contact the Houston American Energy Corp. at
(713) 222-6966.

Forward-Looking Statements

Disclosures in this press release may contain forward-looking statements
relating to anticipated or expected events, activities, trends or results.
Such forward-looking statements, include, but are not limited to, statements
regarding various oil and gas discoveries, the potential for or expectation of
successful flow tests, anticipated and potential production and flow rates,
reserve estimates and productive sands, the timing and actual results of
testing and completion operations and other statements that are not historical
facts. Forward-looking statements, can be identified by the use of forward
looking terminology such as "believes," "suggests," "expects," "may," "goal,"
"estimates," "should," "likelihood," "plans," "targets," "intends," "could,"
or "anticipates," or the negative thereof, or other variations thereon, or
comparable terminology, or by discussions of strategy or objectives. Because
forward-looking statements relate to matters that have not yet occurred, these
statements are inherently subject to risks and uncertainties. Regarding the
Zorro Gris #1 well, there can be no assurance as to the actual timing or
results of well testing, the timing or results of any completion attempts, the
ultimate productivity of any sands and reserves associated therewith or any
other results, financial or otherwise, associated with the well. Such
statements are made to provide the public with management's current assessment
of the Company's business, and it should not be assumed that actual results
will prove these statements to be correct. Security holders are cautioned that
such forward-looking statements involve risks and uncertainties. The
forward-looking statements contained in this press release speak only as of
the date of this press release, and the Company expressly disclaims any
obligation or undertaking to report any updates or revisions to any such
statement to reflect any change in the Company's expectations or any change in
events, conditions or circumstances on which any such statement is based.
Certain factors may cause results to differ materially from those anticipated
by some of the statements made in this release. Please carefully review our
filings with the SEC as we have identified many risk factors that impact our
business plan.

SOURCE Houston American Energy Corp

Website: http://www.houstonamericanenergy.com
 
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