Houston American Energy Provides Update on Zorro Gris #1 Well
Houston, Texas - October 31, 2012 - 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.
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,"
"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.