Houston American Energy Corp (HGO) Quote

scratch the break down, this is about to be in break out mode..
very nice, we struck oil!!!!

such a younggg company, good job!!


ice

Today, in an 8K, HGO report what I believe to be the most important news in the history of the company.

"Item 8.01. Other Events.

Houston American Energy Corp. (the "Company") provides the following information on the results of its Dorotea B2 well on its Dorotea Prospect in Colombia:

The well has been drilled to total depth of 5700 feet MD and 7 inch production casing has been run by the operator, Hupecol LLC. The well has been perforated from 5258 feet to 5262 feet MD in the top of the C5 Sand with about 28 feet of apparent oil pay based on log and core analysis. The well began flowing at the
rate of 2,200 barrels of fluid per day of which 12% was water and 88% oil. After an hour and a half, the well was flowing at the rate of 2,640 barrels of fluid per day, of which 2% was water and 98% was oil. The information provided with respect to the Dorotea B2 well is based on preliminary information provided
by the well operator on March 7, 2007. The well remains very early in the testing phase and preliminary results may not reflect actual production rates for the well.

The Company holds, through its interest in Hupecol Dorotea and Cabiona LLC ("HDC LLC"), a 12.5% interest in the Dorotea concession. HDC LLC owns the Dorotea concession through a contract with the Colombian National Hydrocarbon Agency
(ANH) and Hupecol LLC is the operator of the Dorotea concession."

This well alone has enormous economic implications being the largest well the company has ever participated in. And their interest is 12.5%. The revenue to the company from this well alone could be in the neighborhood of $4.0 million a year. And they may have as many and 95 other drillable locations. The potential is stagering.

From a technical point of view today's breakout on high volume indicates to me that institutional investors are beginning to understand the potential.

This stock is going much higher and soon.

I'm In, I look forward to the May pay day.. most all oil/gas stocks excel through may, as long as the insiders are still in,, i ll keep throwing some $$ in. I like the potential. I m trying to figure breakdown points/consolidation, any dd appreciated,(technically)

ice

Your observations on HGO are spot on. I too have followed the company closely for a long time and actually first bought the stock on the very day it went public.

You say that they have done 1000 square miles of 3-D seismics in Columbia. Which is enormous. But, to put that in perspective, consider that the total land area of Rhode Island is only 1,045 square miles.

Houston American Energy has huge potential.

well all i can say is "YE of LITTLE FAITH" to those who are shorting/dumping HGO. I'll be laughing all the way to the Brinks truck soon. for sure

Hgo continues to offer value rarely found in a start up oil company. Seems as if we're getting quite a following.

Houston American Energy (HGO)has good legs. Look at the chart and see for yourself that it doesn't just follow the price of oil, it can climb when others are headed south. Why? because those that take the time to dig into this company will realize that it has a lot of talent at the top, a small group of consultants and employees with a long track record in the oil patch.

They got involved in Columbia about three years ago with a tiny piece of a couple of wells and now are a major player with 12.5% of the HUPECOL consortium that is planning to drill 35 additional wells on high potential acreage in the LLanos Basin. This acreage has all been shot with 3-D siesmics and a total of 100 well sites have been identified. Why waste your time and money trying to find a drilling company that can successfully drill the difficult Barnett Shale, when HGO is finding high quality oil at 4500 feet.

Did you notice the 381,000 share trade by a major firm on Monday? That was at $6.40. In one week they made $341,000.

Not too shabby.

BIGWEST

HGO share price climbing in the face of market makers trying to keep it down for their own and their buddies accumulation. Up big this morning on a scant 14,500 traded.
One of the few oil stocks on investors hub that is bringing in the revenue. Those who think the middle east is no longer a problem are in for the suprise of their life.

these market making bastards are purposely pushing HGO down!
Anyone watching the ask & bid? tia

I find it quite interesting that the market makers continue to bash HGO at the open.

Hello Meek, 90,000+ shares traded tuesday. What's your thinking on HGO? Have you invested yet? Thanks, Free

wow! 467,000+ shares tradednow @$6.47. I think this is the most shares traded in one day!

A 14+ million dollar cash working capital base and daily oil revenue make HGO far and above the company to own for the price. The fact that the middle east is spiraling into chaos will eventually lead this company into a major position. However Columbia may also overtake Venezualas' oil imports as Chavez continues to alienate the US government. Nothing but an excellent future for HGO!

Freeforall is right -- it is an interesting company and well positioned to reward those that will be patient. I've known the key people for more than 20 years and got in the stock at around fifty cents when it had no wells. Today they have about 35 producing wells and are one of the key drillers in Columbia which has the most favorable arrangement of all oil producing countries.
By the end of 2007, Houston American Energy should have another 35 wells drilled in Columbia alone, AND, if the success rate holds at 75%, they will then have about 60 producing wells. The last well they drilled is producing 2,000 bbls of oil per day from one pay zone out of three in the well. Do the math, HGO has a 12.5% stake in this well and most of the new wells planned for Columbia. Even if oil prices come down, there is still plenty of room for big profits. $6.70 may seem high today, but not when you run the numbers fot the next year. If you really want to have some fun, consider that HGO has 3-D seismics on 1000 square miles in Columbia with at least 100 identified prospects. Yes, this is a real company with huge upside, but of course with the usual attendant risks associated with oil and gas exploration.

for those who might be interested in HGO, take a look.

http://biz.yahoo.com/e/061114/hgo10qsb.html

This is an interesting company. I have followed it for sometime and they are starting to become a real company. They are in bed with a major independent in Columbia and are drilling and producing real stuff. They are a little late from what they promised in getting to AMEX but they did get there.

They have cash from their offering and if they don't burn it in G&A and put it in the ground they have potential.

I found this board seaching for information and was surprised to be the first poster.

Here is their web page

http://www.houstonamericanenergy.com/llanosbasin.html

If there is interest out there I'll post more