DALLAS, March 10, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Houston American Energy Corp. (Nasdaq:HUSA). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/HUSA
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Houston American Energy Corp. (Nasdaq:HUSA) is an independent energy company with interests in oil and natural gas wells and prospects. The Company's oil and gas exploration and production activities are focused on properties in the U.S. onshore Gulf Coast Region, principally Texas and Louisiana, and on the development of concessions in the South American country of Colombia.
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In the report, the analyst notes:
"HUSA is a growth-oriented independent energy company engaged in the exploration, development and production of crude oil and natural gas resources. Since its inception, it has focused on maintaining a low overhead while utilizing the expertise and knowledge of outside consultants and industry partners on an as needed basis. HUSA has also maintained a very strong balance sheet in order to take advantage of management's contacts to identify potential acquisition targets as they arise.
"During the third quarter of 2009, HUSA president and Chairman John F. Terwilliger stated that production volumes sold showed an 80% improvement over the second quarter and a 46% improvement versus the volumes sold during the third quarter of 2008. The Company expects this trend to continue into the fourth quarter as production volumes have been strong and are expected to stay strong going forward."
To read the entire report visit: http://www.beaconequity.com/i/HUSA
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