Houston American Energy (NASDAQ:HUSA) Update
Petrominerales announces 11,500 barrel per day well in close proximity to Houston American Energy's CPO-4 Block
Petrominerales (PMG-T) announces 11,500 bbl/pd well at the Guataquia Prospect area, this area is South of its other major discovery the Corcel area currently producing 20,000 bbl/pd gross to PMG.
Below is a map of Houston American's (HUSA) CPO-4 Block in Red outline. The Corcell field is North East of the CPO-4 block. We believe the Guataquia block is direcly adjacent to HUSA's CPO-4 block. HUSA will be shooting 3D seismic on the CPO-4 block in the 2Q10, with reprocessing occuring in 3Q10, with two exploration wells to start drilling in the 4Q10.
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