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Houston American Energy Corp. (HUSA)

  • Oct. 3, 2013, 11:58 AM
    • In an update of its drilling plans, Houston American Energy (HUSA +8.4%) says it has agreed to participate in the drilling of test wells on three prospects in Texas and Louisiana, each expected to occur before year-end 2013.
    • HUSA had already announced plans to participate in drilling a 10K-ft. test well in Pecos County, Texas.
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  • May 10, 2013, 2:02 PM
    Houston American Energy (HUSA +24%) soars after announcing recompletion and initial test results from the Crown Paper #1 well in Louisiana. HUSA holds a 5.675% royalty interest in the well, which will be reduced to a 2.838% royalty interest after it receives $225K in payments.
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  • Dec. 10, 2012, 4:38 PM
    Houston American Energy (HUSA) -51.5% AH after receiving notice from the operator of its CPO 4 Block in Colombia that it intends to plug and abandon the Zorro Gris #1 well; following abandonment, the drilling rig will be released.
  • Oct. 1, 2012, 12:20 PM
    Houston American Energy (HUSA -23.3%) resumes trading after a halt, plunging on news of a public offering of more than 14.8M units at a purchase price of $0.675/unit. HUSA plans to use net proceeds from the offering for general working capital purposes.
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  • Jul. 19, 2012, 9:10 AM
    Houston American Energy (HUSA) +22.8% premarket after saying it is exploring strategic alternatives including selling some of or all of the company's assets and the possible sale of the company.
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  • Jul. 5, 2012, 11:21 AM
    Houston American Energy (HUSA -21.2%) shares plunge after the company says its Cachirre #1 well was unable to produce oil during swab tests and thus will be plugged and abandoned.
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  • Jun. 28, 2012, 12:27 PM
    Houston American Energy (HUSA -18.1%) shares plummet after the firm's operational update of its Cachirre #1 well. HUSA's development partners elect to cease testing the well and propose to abandon it, so the company will test the well at its "sole risk."
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  • Apr. 19, 2012, 3:49 PM
    A double dose of bad news for Houston American Energy (HUSA -35%), which says the SEC is investigating possible securities violations and has subpoenaed its executives, and says it is halting efforts to test and complete certain formations in the Tamandua #1 sidetrack well in Colombia due to possible formation damage.
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  • Mar. 2, 2012, 12:47 PM
    Houston American Energy (HUSA +5.1%) gains on positive comments out of Canaccord, saying the company plugged the lower portion of its Tamandua wellbore, with tests of additional zones to proceed shortly. The firm believes the well is not a failure and is cautiously optimistic that it may turn out to be a discovery in further testing. It reiterates a Speculative Buy with a $25 price target.
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  • Mar. 1, 2012, 1:03 PM
    A trading halt can't stop the freefall of Houston American Energy (HUSA -30.1%) after the company admits it had to cap one of its wells unexpectedly. Shares hit a multi-year low in intraday trading.
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  • Mar. 1, 2012, 11:16 AM
    Shares of Houston American Energy (HUSA -23.4%) dive after the company discloses in a regulatory filing that conditions at one of its major wells didn't allow for sufficient testing. As a result, the company says it will be forced to plug the well and evaluate other formations.
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Company Description
Houston American Energy Corp is an independent oil and gas company. The Company is engaged in the development, exploration, exploitation, acquisition, & production of natural gas and crude oil properties in the U.S. Gulf Coast region and in South America.