Houston American Energy Acquires Additional Interest in Colombian Project

Through its increased membership interest in Hupecol Meta, Houston American Energy now holds a roughly 11% interest in the Venus Exploration area located in the CPO-11 block in northeastern Colombia.

Hart Energy Staff
Houston American Energy Acquires Additional Interest in Colombian Project

Drilling operations on Houston American Energy’s first well in the Venus Exploration area are now ongoing, according to a company release. (Source: Shutterstock.com)

Houston American Energy Corp. agreed to increase its stake in a Colombian project through the acquisition on May 27 of additional interest in Hupecol Meta LLC.

Based in Houston, Houston American Energy is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects in both Colombia and the U.S. The company’s U.S. assets are focused in the Delaware Basin in Texas.

Through its membership interest in Hupecol Meta, Houston American now holds a roughly 11% interest in the Venus Exploration area located in the CPO-11 block in northeastern Colombia and an approximately 5.5% interest in the remainder of the block.

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