HOUSTON, TX, June 18, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (the “Company”) today announced that it has entered into a definitive agreement with an institutional investor (the “SPA”) for the purchase and sale of an aggregate of 223,762 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $10.60 per share (or pre-funded warrant in lieu thereof) in a registered direct offering (the “Offering”). The aggregate gross proceeds to the Compan ...

HOUSTON, TX, June 13, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) announced today that the Company had become aware of unusual trading activity in its common stock on the New York Stock Exchange American (the “NYSE”) on June 12 and June 13, 2025. The Company is issuing this press release pursuant to Section 401(d) of the NYSE Company Guide. The Company has made inquiries and has been unable to determine whether corrective actions are appropriate at ...

休斯顿能源（HUSA）盘中涨幅扩大至155.04%，使得本周迄今累计跌幅收窄至65%。 该公司专注于在美国墨西哥湾沿岸地区和南美洲开发，勘探，开采，收购和生产天然气和原油资产。 ...

Core Viewpoint - Houston American Energy Corp. has announced a reverse stock split at a ratio of 1-for-10 to increase the market price per share and meet NYSE listing requirements related to its acquisition of Abundia Global Impact Group, LLC [1][2][7] Group 1: Reverse Stock Split Details - The reverse stock split will be effective after market close on June 6, 2025, with trading on a split-adjusted basis starting June 9, 2025 [2] - The number of issued and outstanding shares will decrease from approximately 15,686,533 to about 1,568,653 shares [3] - Each stockholder's percentage ownership will remain unchanged, and no fractional shares will be issued [4] Group 2: Company Information - Houston American Energy Corp. is focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties, primarily in the U.S. Permian Basin and Louisiana U.S. Gulf Coast region [7] - The trading symbol for the common stock will remain "HUSA," and a new CUSIP number will be assigned following the reverse stock split [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ______________. Commission File Number 1-32955 HOUSTON AMERICAN ENERGY CORP. (Exact name of registrant as specified in its charter) Delaware 76-0675953 ...

HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) ("HUSA" or the "Company"), today announced the results of the Company's special meeting of stockholders (the "Meeting") held virtually on April 24, 2025. At the Meeting, all of the matters put forward before the Company's stockholders for consideration and approval, as set out in the Company's definitive proxy statement dated April 11, 2025, were approved by the requisite number of votes cast at the meeting. ...

Core Viewpoint - Houston American Energy Corp. (HUSA) has entered into a definitive agreement to acquire Abundia Global Impact Group, LLC (AGIG), which specializes in converting waste into high-value fuels and chemicals, aligning with HUSA's strategy to diversify its portfolio and enhance shareholder value through innovation in the renewable energy sector [1][3]. Acquisition Details - HUSA will acquire 100% of AGIG's issued and outstanding units, issuing shares that will equal 94% of HUSA's aggregate issued and outstanding common stock at the time of closing [2]. - AGIG is preparing to build its first advanced plastic recycling facility in Cedar Port, Texas, as part of a structured growth plan to scale its technologies for producing renewable fuels and chemicals from waste [2][4]. Strategic Alignment - The acquisition positions HUSA within the multi-billion dollar renewable energy market, providing a platform and project pipeline for future value generation [3]. - AGIG's Cedar Port facility will serve as a hub for a five-year development plan in the U.S., designed to scale production capacity while maintaining capital discipline [4]. Future Outlook - HUSA and AGIG are working on a structured integration and execution plan, with expectations to close the acquisition early in the second quarter of 2025 [5].

Revenue and Production - Total oil and gas revenues decreased 30% to $560,180 in 2024 from $794,027 in 2023, attributed to an 18% decline in oil production and an 11% decline in gas production [186]. - The average sales price of natural gas decreased by 99% from 2023 levels [186]. - Gross oil production decreased to 5,992 Bbls in 2024 from 7,971 Bbls in 2023, a decline of approximately 25% [187]. - Net gas production fell to 53,476 Mcf in 2024 from 57,360 Mcf in 2023, representing a decrease of about 6.5% [187]. - Average oil sales price per barrel decreased to $73.08 in 2024 from $74.08 in 2023, a decline of approximately 1.4% [187]. - Total oil sales revenue in the U.S. for 2024 was $473,900, down from $590,586 in 2023, reflecting a decrease of about 19.7% [189]. Expenses and Impairments - An impairment charge of $6,668,634 was incurred in 2024, primarily due to a write-down of the investment in Hupecol Meta ($6,392,874) and impairment of U.S. assets ($275,760) [173]. - Lease operating expenses increased by 24% to $747,559 in 2024 from $473,925 in 2023 [189]. - General and administrative expenses rose by 32% to $2,123,051 in 2024 from $1,614,245 in 2023 [193]. - Impairment expense for Hupecol Meta was $6,392,874 in 2024, indicating a significant deterioration in earnings performance [192]. Cash Flow and Financing - Cash balance decreased to $2,960,151 at December 31, 2024, down from $4,059,182 at December 31, 2023 [198]. - Operating activities used cash of $1,536,515 in 2024, compared to $263,191 used in 2023, largely due to a payment to the former CEO [198]. - Financing activities provided cash of $2,325,000 in 2024, an increase from $1,652,000 in 2023, primarily from a private placement [200]. Investments and Future Plans - Capital investment expenditures for 2024 totaled $1,887,516, all related to direct investments in Hupecol Meta [164]. - Distributions from Hupecol Meta amounted to $922,719 in 2024, representing the company's share of distributable net income [165]. - The company plans to acquire Abundia Global Impact Group, LLC and RPD Technologies, LLC, focusing on developing a production plant for plastics and petrochemicals in the Houston area [177]. - The company anticipates production from six new wells on the Finkle State Unit to begin in the second quarter of 2025 [162]. Operational Changes - The company has 4 wells on production in the U.S. Permian Basin as of December 31, 2024 [163]. - In 2023, the company experienced lease expirations in Yoakum County, Texas, totaling 46 net acres [159]. - The company recognized a loss on disposal of oil and gas properties of $2,343,126 due to the termination of interests in Colombia [155].

Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering for Houston American Energy Corp, raising approximately $4.42 million through the sale of 2.6 million shares at a price of $1.70 per share [1][2]. Company Overview - Houston American Energy Corp is an independent oil and gas company engaged in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate, primarily located in the Texas Permian Basin, Colombia, and the Louisiana Gulf Coast [6]. Offering Details - The offering involved the sale of 2,600,000 shares of common stock at a purchase price of $1.70 per share, resulting in gross proceeds of approximately $4,420,000 [2]. - The offering was conducted under a shelf registration statement on Form S-3, which was declared effective by the SEC on November 4, 2024 [3].

Group 1 - Houston American Energy Corp. has entered into a definitive agreement for the purchase and sale of 2,600,000 shares of its common stock at a price of $1.70 per share in a registered direct offering [1][2] - The expected gross proceeds from this offering are approximately $4,420,000, with the transaction anticipated to close on or about January 23, 2025, subject to customary closing conditions [2] - The offering is being conducted under a shelf registration statement previously filed and declared effective by the SEC on November 4, 2024 [3] Group 2 - Univest Securities, LLC is acting as the sole placement agent for this offering [2] - A final prospectus supplement and accompanying prospectus will be filed with the SEC and will be available on the SEC's website [3][4] - The press release clarifies that it does not constitute an offer to sell or solicit an offer to buy securities in jurisdictions where such actions would be unlawful [4]