Core Viewpoint - Houston American Energy Corp. plans to change its name to Abundia Global Impact Group Inc. and its ticker symbol from HUSA to AGIG on NYSE American, reflecting its focus on sustainable fuels and energy transition technologies following the acquisition of Abundia Global Impact Group LLC [1][2]. Group 1: Company Strategy and Vision - The name change signifies the Company's long-term vision to build a scalable platform in circular fuels, sustainable feedstocks, and next-generation low-carbon energy solutions [2]. - The Company aims to advance technologies that convert waste plastics and renewable feedstocks into low-carbon fuels, chemical intermediates, and clean energy products, positioning itself in a rapidly growing segment of the global energy economy [2]. - The Abundia platform is expected to provide a strong foundation for long-term value creation, supported by the development of the Cedar Port Renewable Energy Complex and the integration of circular-fuels technologies [2]. Group 2: Recent Developments - In July 2025, Houston American Energy Corp. acquired Abundia Global Impact Group LLC, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks, reflecting a commitment to meeting global energy demands through a mix of traditional and alternative energy solutions [3]. - The strategic acquisition positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies [3].

Core Viewpoint - Houston American Energy Corp. has entered into securities purchase agreements for the sale of 2,285,715 shares of common stock at $3.50 per share, raising approximately $8.0 million in gross proceeds [1][2]. Group 1: Financial Details - The offering is expected to close on or about November 21, 2025, subject to customary closing conditions [1]. - The net proceeds will be used to advance the development of a plastic recycling facility, for working capital, and to repay a convertible note [2]. - A.G.P./Alliance Global Partners is the sole placement agent for the offering, while Univest Securities, LLC serves as the financial advisor [3]. Group 2: Corporate Strategy - The company has recently restructured its debt with its largest strategic investor, transitioning a majority of its senior obligations into a more stable, long-term position [2]. - Houston American Energy Corp. is focused on expanding its portfolio in both conventional and renewable energy sectors, having acquired Abundia Global Impact Group, which specializes in converting waste plastics into low-carbon fuels [6]. - This acquisition aligns with the company's commitment to meet global energy demands through a mix of traditional and alternative energy solutions [6].

Core Viewpoint - Houston American Energy Corp. announced preliminary, unaudited financial results for Q3 2025, highlighting significant operational changes and financial metrics following its acquisition of Abundia Global Impact Group [1][2][3] Financial Performance - Total operating expenses for Q3 2025 are expected to be approximately $3.8 million, an increase of $2.7 million compared to Q2 2025, attributed to the costs associated with the acquisition and integration efforts [5] - Preliminary cash and cash equivalents as of September 30, 2025, are expected to be approximately $1.5 million [5] - Preliminary goodwill as of September 30, 2025, is expected to be approximately $13.0 million [5] - Preliminary land asset as of September 30, 2025, is expected to be approximately $8.6 million [5] - Preliminary debt as of September 30, 2025, is expected to be approximately $11.0 million [5] Strategic Initiatives - The company completed the acquisition of a 25-acre site in Cedar Port, Baytown, TX, to support its growth strategy [5] - Nexus PMG has been appointed as the Engineering and Service Provider to assist in the development of the AGIG Plastics Recycling Facility and Innovation Hub [5] - The company has broken ground on the AGIG Innovation Hub and R&D Center at Cedar Port [5] - A binding term sheet has been executed with BTG Bioliquids B.V. for further development of biomass to liquid fuels and sustainable aviation fuel [5] - A new Board of Directors has been established following the acquisition of AGIG, integrating experienced industry and financial leaders to support the transition into low-carbon fuels and chemicals [5]

Core Insights - Houston American Energy Corp. (HUSA) has commenced production from the State Finkle Unit wells and received its first revenue [1][2] - The company aims to transition from an oil and gas exploration firm to a leader in renewable energy, utilizing revenues from traditional operations to support this shift [3] Production and Revenue - HUSA announced plans to drill six wells in the State Finkle Unit, each with approximately three-mile laterals, in the Wolfcamp formation, Reeves County, Texas [1] - The company received its first royalties from production at the initial wells in September 2025 [2] Strategic Direction - The CEO of HUSA highlighted that the funds invested in the wells are starting to deliver returns for shareholders, which will help fund the company's transformation into renewable energy [3] - HUSA holds approximately 0.0078 working interest in the State Finkle Unit, which is expected to provide ongoing royalty income over the life of the wells [3] Company Overview - HUSA is an independent energy company with a diversified portfolio across conventional and renewable sectors, historically focused on oil and natural gas exploration and production [4] - In July 2025, HUSA acquired Abundia Global Impact Group (AGIG), which specializes in converting waste plastics into low-carbon fuels, reflecting its commitment to meeting global energy demands through a mix of traditional and alternative energy solutions [4]

Core Viewpoint - Houston American Energy Corp. (HUSA) is set to hold its inaugural investor fireside chat on September 17, 2025, to discuss its strategic acquisition of Abundia Global Impact Group and its transformation into a diversified energy platform [1][2]. Company Overview - HUSA is an independent energy company with a diversified portfolio across conventional and renewable sectors, historically focused on oil and natural gas exploration and production [3]. - The company acquired Abundia Global Impact Group in July 2025, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks [3]. Upcoming Event - The investor fireside chat will feature HUSA's CEO, Ed Gillespie, and Peter Gastreich from Water Tower Research, discussing the company's milestones and growth roadmap [2]. - Investors can register for the event in advance, and it will also be available on HUSA's website [2][3].

Core Viewpoint - Houston American Energy Corp. (HUSA) is hosting its inaugural investor fireside chat on September 17, 2025, to discuss its strategic acquisition of Abundia Global Impact Group and its transformation into a diversified energy platform [1][2] Group 1: Company Overview - HUSA is an independent energy company with a diversified portfolio across conventional and renewable sectors, historically focused on oil and natural gas exploration and production [3] - The company acquired Abundia Global Impact Group in July 2025, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks [3] Group 2: Investor Engagement - CEO Ed Gillespie will participate in a discussion with Peter Gastreich from Water Tower Research to outline the company's growth roadmap and milestones achieved [2] - The event will be accessible to investors and interested parties through registration and will also be available on HUSA's website [2]