United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): February 19, 2020

 

HOUSTON AMERICAN ENERGY CORP.

 

(Exact name of registrant as specified in its charter)

 

Delaware   1-32955   76-0675953

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

801 Travis Street, Suite 1425

Houston, Texas 77002

 

(Address of principal executive offices, including zip code)

 

713-222-6966

 

(Registrant’s telephone number,

including area code)

 

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

   
[  ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act

 

 Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.001 per share   HUSA   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company [  ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

 

 

 
 

 

Item 7.01. Regulation FD Disclosure.

 

On February 19, 2020, Houston American Energy Corp. (the “Company”) issued a press release announcing drilling plans in Yoakum County, Texas and an increase in the Company’s working interest in the planned well. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 7.01.

 

In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01, including Exhibit 99.1, is furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01. Financial Statements and Exhibits.

 

          (d) Exhibits

 

  99.1 Press release, dated February 19, 2020

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  HOUSTON AMERICAN ENERGY CORP.
Dated: February 19, 2020    
  By: /s/ James Schoonover
  Name: James Schoonover
  Title: Chief Executive Officer

 

 
 

 

 

 

Exhibit 99.1

 


 

HOUSTON AMERICAN ENERGY ANNOUNCES DRILLING PLANS AND INCREASED

WORKING INTEREST IN SECOND SAN ANDRES WELL

 

Houston, TX – February 19, 2020 – Houston American Energy Corp. (NYSE American: HUSA) today announced drilling plans for the company’s second San Andres well in Yoakum County, the Frost #2-H well. The operator has set a drilling date for March, 2020, pending rig availability. The well’s planned total depth is approximately 5,500 feet with a 5,000-foot horizontal leg. The prospect contains 650 gross acres. Houston American also announced that it has increased its working interest in the planned well from 12.5% to 18.6%.

 

The initial Yoakum County well, Frost #1-H, is commercially productive.

 

Jim Schoonover, CEO of Houston American Energy, stated, “We are anxious to begin drilling operations on the Frost #2-H well and pleased to have increased our participation in the well. With the experience gained in drilling our first Yoakum County well, we expect to see improving results from our Yoakum County drilling operations.

 

Our recent infusion of capital has allowed us to retire all outstanding debt and, we believe, positions us to focus, free of capital constraints, on drilling and development of our existing Yoakum County and other Permian Basin holdings and Colombian acreage as well as seeking additional opportunities.”

 

About Houston American Energy Corp.

 

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The company’s business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

 

Forward-Looking Statements

 

The information in this release includes certain forward-looking statements that are based on assumptions that in the future may prove not to have been accurate, including statements regarding timing of commencement of drilling operations, ultimate well depth and length of the horizontal leg, ultimate success of drilling operations and ability to fund drilling and development operations and acquisition of additional opportunities. The timing of operations and ultimate success of drilling operations is subject to numerous risk factors, including our ability to finance our share of costs, the ability of our operators to finance and execute on planned drilling operations, the ultimate recoveries from prospects, and the availability and cost of rigs and services necessary to conduct drilling operations, among other risks described in our reports filed with the Securities and Exchange Commission.

 

For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.