HUSA - Long - Profit Target $13
Houston American Energy Corp (NYSE American: HUSA) is an oil and gas exploration and production company. Our oil and gas exploration and production activities are focused on properties in the U.S. Permian Basin, the onshore Gulf Coast Region, principally Texas and Louisiana, and on the development of concessions in the South American country of Colombia.
We seek to utilize the contacts, experience, financial acumen and expertise in oil and gas geology, engineering and production provided by our management and Board of Directors to seek out and evaluate favorable drilling opportunities.
We generally seek to form partnerships and joint ventures to spread the cost and risks to us of drilling while maximizing our potential returns.
Gas prices are going up and up. There is no near-end signal to gas prices. The U.S. also exports 1/3 of its gas abroad. HUSA is expecting to go up higher.
We seek to utilize the contacts, experience, financial acumen and expertise in oil and gas geology, engineering and production provided by our management and Board of Directors to seek out and evaluate favorable drilling opportunities.
We generally seek to form partnerships and joint ventures to spread the cost and risks to us of drilling while maximizing our potential returns.
Gas prices are going up and up. There is no near-end signal to gas prices. The U.S. also exports 1/3 of its gas abroad. HUSA is expecting to go up higher.