Houston American Energy provides operational update
Houston American Energy provided an update with respect to the status of its operations, the anticipated commencement of production and upcoming drilling plans in Reeves County, Texas.The company's O'Brien #3H well has been successfully hydraulically fractured in the Lower Wolfcamp A Zone and flow back is scheduled to begin today, August 25, 2017. "With completion of drilling operations on the O'Brien #3H well, the drilling rig was released on July 1, 2017 and hydraulic fracturing of the well commenced on August 14, 2017. The O'Brien production facilities are nearing the final phase of construction and should be ready to receive production of oil and gas from the O'Brien #3H as the well unloads over the coming days and weeks. Preliminary test results, performed prior to commencement of the hydraulic fracture stimulation job, included oil produced to the surface. A few miles to the south, on the Johnson tract, construction of the gas flowline is nearing completion to connect the Johnson State #1H well to the gas sales point. We anticipate that both of the new wells will be put on production during the month of September 2017."