Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $0.20 USD
Change Today -0.01 / -4.76%
Volume 61.2K
HUSA On Other Exchanges
Symbol
Exchange
NYSE Amex
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

houston american energy corp (HUSA) Snapshot

Open
$0.21
Previous Close
$0.21
Day High
$0.22
Day Low
$0.20
52 Week High
07/7/14 - $0.46
52 Week Low
12/15/14 - $0.12
Market Cap
10.4M
Average Volume 10 Days
46.5K
EPS TTM
$-0.08
Shares Outstanding
52.2M
EX-Date
08/31/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HOUSTON AMERICAN ENERGY CORP (HUSA)

houston american energy corp (HUSA) Related Bloomberg News

View More Bloomberg News

houston american energy corp (HUSA) Related Businessweek News

No Related Businessweek News Found

houston american energy corp (HUSA) Details

Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Gulf Coast area of the United States and South America. Its oil and gas properties are located primarily in the South American country of Colombia; and in the onshore Gulf Coast region of Texas and Louisiana. As of December 31, 2014, the company owned interests in 11 gross wells. Houston American Energy Corp. was founded in 1981 and is based in Houston, Texas.

2 Employees
Last Reported Date: 03/18/15
Founded in 1981

houston american energy corp (HUSA) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

houston american energy corp (HUSA) Key Developments

Houston American Energy Corp., Annual General Meeting, Jun 09, 2015

Houston American Energy Corp., Annual General Meeting, Jun 09, 2015., at 10:00 Central Standard Time. Location: at Club Quarters Hotel, which is located at 720 Fannin St. Agenda: To elect two Class B directors to hold office for the next three years.; to ratify the selection of GBH CPAs, PC as independent registered public accounting firm for the 2015 fiscal year; and to transact such other business as may properly come before the meeting or any adjournments thereof.

Houston American Energy Corp. Announces Management Changes

John F. Terwilliger has tendered his resignation as Chairman, Chief Executive Officer, President and a Director of Houston American Energy Corp., effective April 23, 2015. Effective April 23, 2015, John P. Boylan was appointed as Chairman, Chief Executive Officer and President of the Company. Mr. Boylan has served as a director, and chair of the audit and compensation committees, of the Company since 2006. Since 2008, Mr. Boylan has owned and operated EJC Ventures, LP. On April 23, 2015, the company's board appointed Roy Jageman as a director. Mr. Jageman is expected to be appointed to the company's audit committee and compensation committee. Since 2013, Mr. Jageman has been a private investor and consultant to the energy industry. From 2010 to 2013, Mr. Jageman served as executive vice president and chief financial officer of Plantation Petroleum Companies. Previously, Mr. Jageman served as a co-founder and chief financial officer of Ranger Gas Storage, LLC, from 2006 to 2010, and as executive vice president and chief financial officer of Encore Acquisition Company, from 2003 to 2005.

Securities and Exchange Commission Announces Oil-And-Gas Fraud Charges Against Houston American Energy Corp

The Securities and Exchange Commission announced charges against Houston American Energy Corp. and its CEO for making fraudulent claims about the company's oil reserves. An SEC enforcement investigation found that Houston American Energy Corp. and John F. Terwilliger fraudulently claimed that a Colombian exploration concession in which Houston American only owned a fractional interest held between 1 billion and 4 billion barrels of oil reserves, and that the reserves were worth more than $100 per share to Houston American's investors. The estimates lacked any reasonable basis and were falsely attributed to the concession's operator, whose actual estimates were much lower. The SEC's order instituting administrative proceedings also charges stock promoter Kevin T. McKnight and his firm Undiscovered Equities Inc., who were paid by Houston American to disseminate its fraudulent claims about the oil-and-gas concession project in Colombia. The SEC's Enforcement Division alleges that the fraudulent conduct by Terwilliger and Houston American occurred during several months in late 2009 and early 2010. During this time, Houston American raised approximately $13 million in a public offering and saw its stock price increase from less than $5 per share to more than $20 per share. Contrary to the lofty estimates made by Terwilliger and Houston American, the company participated in drilling multiple unsuccessful wells on the concession from 2010 to 2012, and withdrew from the operation in early 2013 without recovering any oil. The company's stock price eventually cratered under the weight of the fraud. Houston American now trades for approximately 40 cents per share, which represents a market capitalization loss of $600 million since it peaked in April 2010. The SEC's order charges Terwilliger and Houston American with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 as well as Section 20(b) of the Exchange Act and Section 17(a) of the Securities Act of 1933. The Section 20(b) charges against Houston American and Terwilliger relate to statements made by touts and other third parties, who disseminated the Terwilliger's and Houston American's fraudulent estimates. McKnight and Undiscovered Equities are charged with violations of Section 17(b) of the Securities Act.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HUSA:US $0.20 USD -0.01

HUSA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for HUSA.
View Industry Companies
 

Industry Analysis

HUSA

Industry Average

Valuation HUSA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 29.0x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 19.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HOUSTON AMERICAN ENERGY CORP, please visit www.houstonamericanenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.