Houston American Energy increases interest in Colombian CPO-11 Project

Houston American Energy announced the acquisition of an additional interest in Hupecol Meta/ Hupecol Meta owns the 639,405 gross acre CPO-11 block in the Llanos Basin in Colombia, comprised of the 69,128 acre Venus Exploration area, operated by Hupecol, and 570,277 acres which was 50% farmed out to Parex Resources by Hupecol. In total, the CPO-11 block covers almost 1000 square miles with multiple identified leads and prospects expected to support a multi-well drilling program. Through its membership interest in Hupecol Meta, Houston American now holds an approximately 16% interest in the Venus Exploration area and an approximately 8% interest in the remainder of the block. In the Venus Exploration Area, Hupecol Meta now operates two producing wells, the Saturno ST1 and Venus 2A wells. A 3D seismic acquisition program is planned to support future development of the Venus Exploration Area.