Past year: ▼ 84%(91.0c – 5.79 USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Mar 2017drilling progress report▲ Good
Houston American said the target date for spudding its initial Permian Basin well in Reeves County, Texas, had been moved up to the first week of May 2017 from July 1, 2017, because a drilling rig became available.
5 Oct 2011drilling progress report● NeutralMajor
Houston American's first well on the new CPO-4 block, Tamandua #1, ran into serious drilling trouble -- a strong hydrocarbon kick forced a shut-in, and stuck drill pipe later forced a sidetrack -- but the strong shows of oil and gas in the target C-7 sand were seen as an encouraging validation of the block's prospectivity despite the setbacks.
16 Oct 2009farm in farm out agreement▲ GoodMajor
Houston American finalized a Farmout Agreement and Joint Operating Agreement with SK Energy for the CPO-4 block (about 345,000 acres in Colombia's Llanos Basin), earning a 25% interest by paying 12.5% of seismic costs and 25% of other costs, after Colombia's hydrocarbons regulator approved the assignment -- a second major Colombian exploration block alongside Hupecol/Tambaqui. (Originally tagged material_agreement, but the filing documents entry into a farmout/JOA earning arrangement -- corrected here.)
