6 Mar 2017drilling progress report▲ Good
Houston American announced the spud date for its first Permian Basin well had been accelerated.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Oct 2011drilling progress report● NeutralMajor
Houston American's first well on the new CPO-4 block, Tamandua #1, ran into serious drilling trouble -- a strong hydrocarbon kick forced a shut-in, and stuck drill pipe later forced a sidetrack -- but the strong shows of oil and gas in the target C-7 sand were seen as an encouraging validation of the block's prospectivity despite the setbacks.
16 Oct 2009farm in farm out agreement▲ GoodMajor
Houston American finalized a Farmout Agreement and Joint Operating Agreement with SK Energy for the CPO-4 block (about 345,000 acres in Colombia's Llanos Basin), earning a 25% interest by paying 12.5% of seismic costs and 25% of other costs, after Colombia's hydrocarbons regulator approved the assignment -- a second major Colombian exploration block alongside Hupecol/Tambaqui. (Originally tagged material_agreement, but the filing documents entry into a farmout/JOA earning arrangement -- corrected here.)