Houston american energy increases interest in colombian project

Houston, tx, may 27, 2022 (globe newswire) -- houston american energy corp. (nyse american: husa) today announced the acquisition of an additional interest in hupecol meta, llc. 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 11% interest in the venus exploration area and an approximately 5.5% interest in the remainder of the block.
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