Houston American doubles Colombian project farm-in
Dec. 5, 2019
Houston American Energy Corp. (HAE) acquired an additional interest in Hupecol Meta LLC, which owns the CPO-11 block in Colombia’s Llanos basin, doubling its interest in Hupecol Meta reported in October.
Houston American Energy Corp. (HAE) acquired an additional interest in Hupecol Meta LLC, which owns the CPO-11 block in Colombia’s Llanos basin, doubling its interest in Hupecol Meta reported in October (OGJ Online, Oct. 22, 2019). The 639,405-gross-acre block is comprised of the 69,128-acre Venus Exploration area, operated by Hupecol Operating Co. LLC, and 570,277 acres which was 50% farmed out by Hupecol to Parex Resources Inc., Calgary. Through its membership interest, HAE now holds a 2% interest in the Venus Exploration area and a 1% interest in the remainder of the block.
The CPO-11 covers 1,000 sq miles with multiple identified leads and prospects expected to support a multiwell drilling program, the company said.
