Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering for Houston American Energy Corp, raising approximately $1.2 million in gross proceeds [1][3]. Group 1: Offering Details - Houston American Energy Corp agreed to sell 81,629 shares of common stock at a price of $14.80 per share to an institutional investor [2]. - The net proceeds from the offering are intended for general corporate purposes, amounting to approximately $1 million after deducting fees and expenses [3]. Group 2: Regulatory Compliance - The offering was conducted under a shelf registration statement on Form S-3, which was declared effective by the SEC on November 4, 2024 [4]. Group 3: Company Overview - Houston American Energy Corp is an independent oil and gas company involved in the acquisition, exploration, and production of natural gas and crude oil, primarily in the Texas Permian Basin, Colombia, and the Louisiana Gulf Coast [7].

Core Points - Houston American Energy Corp. has entered into a definitive agreement for the purchase and sale of 81,629 shares of common stock at a price of $14.80 per share in a registered direct offering [1] - The gross proceeds from this offering are expected to be approximately $1.2 million, with net proceeds of around $1 million intended for general corporate purposes [2] - The offering is being conducted under a shelf registration statement previously filed and declared effective by the SEC [3] - The company has appointed Univest Securities, LLC as the sole placement agent for the offering, entitled to an 8.0% fee on the proceeds [4]

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 [7] - The company's principal properties are located primarily in the Texas Permian Basin, Colombia, and the onshore Louisiana Gulf Coast region [7] Offering Details - Houston American Energy Corp. has completed a registered direct offering, selling 223,762 shares of common stock at a purchase price of $10.60 per share, resulting in gross proceeds of approximately $2.37 million [2][3] - The net proceeds from the offering, estimated at approximately $2.1 million, are intended for general corporate purposes [3] Placement Agent - Univest Securities, LLC acted as the sole placement agent for the offering [3]

Core Viewpoint - Houston American Energy Corp. has entered into a definitive agreement for a registered direct offering of 223,762 shares at a price of $10.60 per share, expected to raise approximately $2.37 million in gross proceeds [1][2]. Group 1: Offering Details - The offering is expected to close on or about June 20, 2025, subject to customary closing conditions [2]. - The net proceeds from the offering, estimated at approximately $2.1 million, will be used for general corporate purposes [2]. - The offering is made under a shelf registration statement previously filed and declared effective by the SEC [3]. Group 2: Placement Agent Agreement - The Company has appointed Univest Securities, LLC as the sole placement agent for the offering, entitled to an 8.0% fee on the proceeds and reimbursement for expenses not exceeding $10,000 [4]. Group 3: Equity Purchase Agreement - The Company and the institutional investor had discussions about an equity purchase agreement but decided not to execute it at this time [5]. - If reconsidered, the agreement could allow the Company to sell up to $30 million of common stock over a 24-month term, with the purchase price expected to be approximately 96% of the lowest daily volume-weighted average price during the three trading days following a purchase notice [5].

Core Viewpoint - Houston American Energy Corp. has reported unusual trading activity in its common stock on June 12 and June 13, 2025, and has not identified any material developments or reasons for this market action [1] Company Overview - Houston American Energy Corp. is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties, primarily in the U.S. Permian Basin and the Louisiana U.S. Gulf Coast region [2] Market Activity - The company has made inquiries regarding the unusual trading activity but has been unable to determine if corrective actions are necessary at this time [1] - There has been no material development in the company's business or affairs that has not been previously disclosed [1]

Market Overview - The U.S. stock market opened lower on June 13, with the Dow Jones down 1.32%, S&P 500 down 0.79%, and Nasdaq down 0.83% [2][3] - Major tech stocks experienced declines, with Nvidia, Amazon, and Google down over 1%, while Apple and Tesla fell nearly 1% [3][4] Energy Sector Performance - Energy stocks surged, with Houston Energy experiencing a significant spike, reaching a peak increase of over 160% [5][6] - U.S. energy stocks rose by more than 90%, indicating strong performance in the sector [5][6] - Houston Energy's stock (HUSA) saw a dramatic increase of 136.62%, with trading volume reaching 15.57 million shares and a total value of $236 million [6] International Oil Prices - International oil prices surged, with U.S. oil rising by 7% and Brent oil also increasing by nearly 7% [9] - Morgan Stanley previously indicated that an attack on Iran could push oil prices to $120 per barrel, impacting consumer price indices [12] Geopolitical Tensions - Iran officially withdrew from nuclear negotiations with the U.S., escalating tensions in the region [12] - Israel conducted preemptive strikes against Iran, resulting in casualties and further military actions planned [12][13] - The U.S. is mobilizing military resources in response to the situation, with naval assets being deployed to the eastern Mediterranean [13]

Market Overview - On June 13, US stock indices opened lower, with the Dow Jones down 1.32%, S&P 500 down 0.79%, and Nasdaq down 0.83% [1] - Major tech stocks experienced declines, with Nvidia and Amazon dropping over 1%, Google A down 1%, and Apple and Tesla nearly 1% [2][3] Sector Performance - Airline stocks fell across the board, with American Airlines down nearly 5%, United Airlines down over 4%, and Boeing down over 2% [3][4] - Energy stocks showed strength, with Houston Energy experiencing a surge of over 160% at one point, and US Energy rising over 90% [4][5] Chinese Stocks - The Nasdaq China Golden Dragon Index fell over 1%, with individual stocks like Kingsoft Cloud down over 7%, iQIYI, XPeng Motors, Bilibili, and Li Auto down over 3%, and Alibaba down over 2% [6][7] International Markets - European indices also saw declines, with the UK FTSE 100 down 0.45%, and both the French CAC40 and German DAX down over 1% [8] Commodity Prices - International oil prices surged, with US oil up 7% and Brent oil nearly 7% [8] - Gold prices also increased, with London gold up 1.48% and COMEX gold up 1.65% [11] Geopolitical Events - Tensions escalated as Iran officially withdrew from nuclear negotiations with the US, and Israel conducted airstrikes in Iran, resulting in casualties [11][12][13] - The situation has implications for oil prices, with Morgan Stanley predicting potential spikes to $120 per barrel due to these geopolitical tensions [11]

Core Viewpoint - Houston Energy (HUSA) experienced a significant intraday increase of 155.04%, reducing its cumulative decline for the week to 65% [1] Company Overview - The company focuses on the development, exploration, acquisition, and production of natural gas and crude oil assets in the Gulf Coast region of the United States and South America [1]

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]

Revenue and Production - Total oil and gas revenues decreased by 31% to $102,345 for the three months ended March 31, 2025, compared to $147,686 for the same period in 2024[59] - Net oil production decreased to 935 Bbl from 1,393 Bbl year-over-year, while net gas production fell to 7,765 Mcf from 12,686 Mcf[60] Expenses - Lease operating expenses decreased by 47% to $76,025 during the three months ended March 31, 2025, from $163,030 in the same period of 2024[62] - General and administrative expenses increased to $1,052,361 in Q1 2025 from $307,140 in Q1 2024, primarily due to professional fees related to the proposed acquisition of Abundia Global Impact Group, LLC[64] Cash Flow and Financing - Cash balance increased to $5,308,416 at March 31, 2025, compared to $4,059,182 at December 31, 2024, mainly due to the sale of 2,600,000 shares of common stock[66] - Operating activities used $1,311,230 of cash in Q1 2025, compared to cash provided of $122,770 in Q1 2024, attributed to increased prepaid expenses and acquisition-related fees[67] - Financing activities provided $3,819,495 in Q1 2025, compared to $901,500 in Q1 2024, primarily from common stock sales[69] Liabilities and Acquisitions - Long-term liabilities decreased to $62,470 at March 31, 2025, from $114,685 at December 31, 2024[70] - The company anticipates closing the acquisition of Abundia Global Impact Group, LLC in the second quarter of 2025[64] - The company has no off-balance sheet arrangements or guarantees of third-party obligations as of March 31, 2025[72]