HOUSTON, TX, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) today announced preliminary, unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Preliminary, Unaudited Results Preliminary, total operating expenses for the third quarter 2025 are expected to be approximately $3.8 million, an increase of $2.7 million compared to the second quarter 2025 reflecting the operating costs of the number of the com ...

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]