Houston American Energy Corp. reported its estimated operating results for the first quarter ended March 31, 2012. The company is estimating a net loss for the quarter of $987,369, or $0.03 per share, on revenues of $320,510, as compared to a net loss of $1,231,915, or $0.04 per share, on revenues of $124,303 for the quarter ended March 31, 2011, excluding any charges related to impairments or gains on assets. When including a non-cash impairment charge of $19,995,845 relating to the previously announced decision to cease efforts to test and complete the Tamandua #1 well in Colombia, as well as a gain of $315,119 related to the sale of the company's indirect interests in the Hupecol Cuerva, LLC, the estimated net loss for the quarter is $20,668,095, or $0.66 per share, as compared to a net loss of $1,231,915, or $0.04 per share for the quarter ended March 31, 2011.