Houston American Energy Spuds First Exploration Well in Colombia

(Houston American Energy, 24.May.2022) — Houston American Energy Corp. (NYSE MKT: HUSA) announced that final approvals and permits have been received and drilling operations have commenced on a well on the CPO-11 Venus Exploration Area in Colombia.

The well, operated by Hupecol Operating, is Houston American’s first well to be drilled on the 69,128 gross acre Venus Exploration Area. The Venus Exploration Area, and a 50% interest in the larger CPO-11 block, are held by Hupecol Meta, LLC. Houston American, through its ownership interest in Hupecol Meta, holds a 6.99% working interest in the subject well and Venus Exploration Area.

John Terwilliger, CEO and President of Houston American stated, “We are excited to commence drilling operations on the Venus area. We expect future activities in the Venus area to be dictated by results of the first two wells.”