Houston American Energy Announces Plugging and Abandonment of Zorro Gris #1
HOUSTON, Dec. 10, 2012
HOUSTON, Dec. 10, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE
MKT: HUSA, the "Company") received notice from SK Innovation, operator on the
Company's CPO 4 Block in Colombia that it intends to plug and abandon the
Zorro Gris #1 well. Following completion of the abandonment of the well, the
drilling rig will be released. SK Innovation is currently in the process of
acquiring its second proprietary 3-D seismic shoot on the CPO 4 block
(approximately 135 square miles), which is anticipated to be completed in
2013. The Company is currently evaluating its future plans and alternatives
regarding the CPO 4 block.
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
Disclosures in this press release may contain forward-looking statements
relating to anticipated or expected events, activities, trends or results.
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. 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
SOURCE Houston American Energy Corp.
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