- PR Newswire•15 days ago
HOUSTON, Feb. 9, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has completed the acquisition of a 25% working interest in two lease blocks covering 717.25 acres in Reeves County, Texas. The interest was acquired from Founders Oil & Gas III, LLC for a purchase price of $5,500 per net mineral acre, or a total of $986,000. Additional adjacent acreage is expected to be acquired in the coming weeks by Founders, with Houston American acquiring an interest in the same, to bring the total acreage position to approximately 800 gross acres.
- PR Newswire•17 days agoHouston American Energy Corp Announces Notification of Continued NYSE MKT Listing Deficiencies and Extension of Period to Regain Compliance
HOUSTON, Feb. 7, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA, or the "Company") today announced receipt, on February 6, 2017, of notification from NYSE Regulation that the Company continues to be in non-compliance with the NYSE MKT's continued listing standards and that the listing of the Company's common stock was being continued pursuant to an extension. The notification cited continued failure to comply with Section 1003(a)(iii) of the NYSE MKT Company Guide (the "Company Guide") as a result of the Company's failure to maintain stockholders' equity of at least $6 million coupled with reported net losses in its five most recent fiscal years.
- PR Newswire•24 days agoHouston American Energy Completes Private Placement Of $1.2 Million Of 12.0% Series A Convertible Preferred Stock
HOUSTON, Jan. 31, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has completed a private placement of $1.2 million of 12.0% Series A Convertible Preferred Stock. Funds from the offering will be used to complete the previously announced acquisition from Founders Oil & Gas III, LLC of a 25% working interest in two lease blocks covering approximately 800 acres in Reeves County, Texas in the Permian Basin. John P. Boylan, CEO and President of Houston American stated, "This equity raise provides Houston American with capital needed to complete our acquisition from Founders and to move forward with our plans to further develop our relationship and to pursue opportunities in the Permian Basin.
HUSA : Summary for Houston American Energy Corpora - Yahoo Finance
Houston American Energy Corp. (HUSA)
NYSE MKT - NYSE MKT Real Time Price. Currency in USD
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|Day's Range||0.21 - 0.23|
|52 Week Range||0.16 - 0.43|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-3.76|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|