HOUSTON AMERICAN ENERGY CORP. Houston American Energy Corp. announced that final approvals and permits have been received and drilling operations have commenced on a well on the CPO-11 Venus Exploration Area in Colombia. The well, operated by Hupecol Operating, is Houston American's first well to be drilled on the 69,128 gross acre Venus Exploration Area.
The Venus Exploration Area, and a 50% interest in the larger CPO-11 block, are held by Hupecol Meta, LLC. Houston American, through its ownership interest in Hupecol Meta, holds a 6.99% working interest in the subject well and Venus Exploration Area.
