Houston American Energy Corp. Announces First Revenue from State Finkle Unit Wells
Houston American Energy Corp (NYSE American: HUSA) has announced its first revenue from the State Finkle Unit wells in Reeves County, Texas. The company holds a 0.0078 working interest in six wells with three-mile laterals in the Wolfcamp formation, operated by EOG Resources.
The wells, initially announced in June 2024, have begun production with the company receiving its first royalties in September 2025. HUSA plans to use these revenues to support its strategic transformation from an oil and gas exploration company into a renewable energy leader.
Houston American Energy Corp (NYSE American: HUSA) ha annunciato i primi ricavi provenienti dalle perforazioni della State Finkle Unit nel Reeves County, in Texas. L'azienda detiene un interesse di lavoro dello 0,0078 in sei pozzi con laterali di tre miglia nella formazione Wolfcamp, gestiti da EOG Resources.
I pozzi, inizialmente annunciati a giugno 2024, hanno avviato la produzione e HUSA ha ricevuto i suoi primi royalties nel settembre 2025. HUSA intende utilizzare tali ricavi per sostenere la trasformazione strategica da società di esplorazione di petrolio e gas a leader nelle energie rinnovabili.
Houston American Energy Corp (NYSE American: HUSA) ha anunciado sus primeros ingresos provenientes de los pozos de la State Finkle Unit en Reeves County, Texas. La empresa posee un interés de trabajo del 0,0078 en seis pozos con travesaños de tres millas en la formación Wolfcamp, operados por EOG Resources.
Los pozos, anunciados inicialmente en junio de 2024, han comenzado la producción y la compañía recibió sus primeros royalties en septiembre de 2025. HUSA planea utilizar estos ingresos para apoyar su transformación estratégica de una compañía de exploración de petróleo y gas a un líder en energía renovable.
Houston American Energy Corp (NYSE American: HUSA)가 텍사스 주 Reeves 카운티의 State Finkle Unit 유정에서 발생한 첫 매출을 발표했습니다. 회사는 0.0078의 운용지분을 Wolfcamp 지층의 3마일 측질으로 가진 여섯 개 유정에서 보유하고 있으며, 이는 EOG Resources가 운영합니다.
2024년 6월에 처음 발표된 이 유정들은 생산을 시작했고, HUSA는 2025년 9월에 처음으로 로열티를 받았습니다. HUSA는 이 수익을 석유 및 가스 탐사 회사에서 재생에너지 선두주자로의 전략적 전환을 지원하는 데 활용할 계획입니다.
Houston American Energy Corp (NYSE American: HUSA) a annoncé ses premiers revenus provenant des puits de l’unité State Finkle dans le comté de Reeves, au Texas. L’entreprise détient une participation de travail de 0,0078 sur six puits avec des retards de trois milles dans la formation Wolfcamp, exploités par EOG Resources.
Les puits, annoncés initialement en juin 2024, ont commencé la production et HUSA a reçu ses premiers royalties en septembre 2025. HUSA prévoit d’utiliser ces revenus pour soutenir sa transformation stratégique, passant d’une société d’exploration de pétrole et de gaz à un leader des énergies renouvelables.
Houston American Energy Corp (NYSE American: HUSA) hat ihren ersten Erlös aus den State Finkle Unit-Bohrungen im Reeves County, Texas, bekannt gegeben. Das Unternehmen hält einen Working Interest von 0,0078 in sechs Bohrungen mit dreimiligem Horizontalabschnitt in der Wolfcamp-Formation, betrieben von EOG Resources.
Die Bohrungen wurden erstmals im Juni 2024 angekündigt, sie begannen mit der Produktion, und HUSA erhielt im September 2025 seine ersten Royaltyzahlungen. HUSA plant, diese Einnahmen zu nutzen, um die strategische Transformation vom Öl- und Gas-Explorationsunternehmen zu einem Führer im Bereich erneuerbare Energien zu unterstützen.
شركة Houston American Energy Corp (بورصةNYSE American: HUSA) أعلنت عن أول عوائد من آبار وحدة State Finkle في مقاطعة ريفز، تكساس. تمتلك الشركة حصة تشغيلية قدرها 0.0078 في ستة آبار بامتداد افقي بطول ثلاثة أميال في تكوين Wolfcamp، تُشغلها EOG Resources.
تم الإعلان عن هذه الآبار في الأصل في يونيو 2024، وبدأت في الإنتاج وتلقت HUSA عوائدها الأولى في سبتمبر 2025. تخطط HUSA لاستخدام هذه العوائد لدعم تحولها الإستراتيجي من شركة استكشاف نفط وغاز إلى رائد في مجال الطاقة المتجددة.
Houston American Energy Corp (NYSE American: HUSA) 宣布其在德克萨斯州 Reeves County 的 State Finkle 单元油井获得首笔收入。公司在六口井中拥有0.0078 的工作权益，井水平方向延伸三英里，位于 Wolfcamp 组，由 EOG Resources 运营。
这些油井最初于 2024 年 6 月宣布投产，公司于 2025 年 9 月迎来首笔特许权使用费。HUSA 计划利用这些收入，支持其从油气勘探公司向可再生能源领军企业的战略转型。
- First revenue received from State Finkle Unit wells
- Strategic use of oil revenue to fund renewable energy transition
- Ongoing royalty income expected from six wells with three-mile laterals
- Very small working interest of only 0.0078 in the unit
HOUSTON, TX, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) and Abundia Global Impact Group (“AGIG”), today announced that production from the State Finkle Unit wells has commenced, with first revenue received.
On June 17, 2024, HUSA announced plans to participate in the drilling of six wells, each with approximately three-mile laterals, on the State Finkle Unit in the Wolfcamp formation in Reeves County, Texas.
In September 2025, the Company received its first royalties from production at the initial wells.
“It is great to see that the funds invested in these wells have started delivering a return for the shareholders,” stated Ed Gillespie, Chief Executive Officer of HUSA. “The revenues will serve to help fund the Company’s transformation from an oil and gas exploration company into a global leader in the renewable energy space, demonstrating how our traditional operations can help fund and support that transition.”
EOG Resources acts as operator and is the principal working interest owner. The unit includes acreage subject to our existing O’Brien lease. HUSA holds approximately 0.0078 working interest in the unit. The State Finkle Unit is expected to provide ongoing royalty income over the life of the wells, reinforcing HUSA’s strategy of leveraging legacy oil and gas interests to help fund its transition into renewables.
About Houston American Energy Corp.
Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired AGIG, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA’s broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies.
Cautionary Note Regarding Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information generally is accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements about revenue from the State Finkle Unit expecting to produce ongoing royalty income over the life of the wells and serving to help fund the Company’s transformation from an oil and gas exploration company into a global leader in the renewable energy space. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) risks and uncertainties impacting the Company’s business including, risks related to its current liquidity position and the need to obtain additional financing to support ongoing operations, the Company’s ability to continue as a going concern, the Company’s ability to maintain the listing of its common stock on NYSE American, the Company’s ability to predict its rate of growth, the Company’s ability to hire, retain and motivate employees, the effects of competition on the Company’s business, including price competition, technological, regulatory and legal developments, developments in the economy and financial markets, and (ii) other risks as set forth from time to time in the Company’s filings with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are beyond the control of the Company.
With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing the Company’s business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on www.sec.gov.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.
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