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Tag: NYSE: HUSA

  • Houston American Energy (HUSA) Sees After-Hour Rebound

    Houston American Energy (HUSA) Sees After-Hour Rebound

    Last Friday’s after-hours session saw Houston American Energy Corp. (NYSE: HUSA) made a significant comeback, closing at $15.69 after rising 6.01%. This recovery came after a sharp intraday drop of more than 15% during regular trading hours.

    Despite the session’s volatility, the stock concluded the week with an impressive one-week gain exceeding 100%. The price stabilization appears to follow the company’s recent announcement of a direct equity placement.

    Definitive Agreement for Capital Injection

    Last week, Houston American Energy said that it has signed a Securities Purchase Agreement (SPA) for a registered direct offering with an institutional investor. The deal calls for the business to issue 223,762 shares of ordinary stock, or pre-funded warrants, at a price of $10.60 a share. The gross proceeds from this offering are estimated at approximately $2.37 million before accounting for placement agent fees and related expenses.

    The anticipated $2.1 million in net revenues will be used for basic business needs. Depending on the completion of standard closing requirements, the deal is expected to conclude on or around June 20, 2025.

    SEC Filing and Offering Details

    The shelf registration statement on Form S-3 used for this direct offering was previously submitted to and authorized by the U.S. Securities and Exchange Commission (SEC) on November 4, 2024. To provide thorough disclosure, the SEC received a final prospectus supplement and the base prospectus detailing the terms of the offering.

    Univest Securities to Facilitate Offering

    In coordination with the SPA, Houston American Energy formalized a Placement Agency Agreement with Univest Securities, LLC on June 17, 2025. Univest was appointed as the sole placement agent for the offering. A placement fee equivalent to 8.0% of the total proceeds will be paid to Univest Securities.

    Furthermore, Houston American Energy committed to paying the agent back up to $10,000 in reasonable travel and out-of-pocket legal fees. Houston American Energy is making a calculated capital move with the offering in an effort to increase its financial flexibility.

  • Houston Energy Corporation [HUSA] Still In a Buy Zone after Bullish Breakout

    Houston Energy Corporation [HUSA] Still In a Buy Zone after Bullish Breakout

    Houston Energy Corporation [NYSE: HUSA] is in an interesting zone right now. It was in a breakout two days ago, and while short sellers have tried to drive the price down, overall momentum remains bullish. At the moment, downside pressure is driven by a decline in demand for oil due to the COVID-19 pandemic. However, this is temporary as the world is inching closer to a vaccine. Once there is a breakthrough, the demand for oil and gas will rise, and Houston Energy is prepared for it. In early September, the company issued a statement that showed that it was investing in anticipation of an increase in demand. Among some of the oil and minerals, developments likely to play a role in its long-term value are as below.

    Completion of the Well in Yoakum County

    There have been some excavation activities at the Yoakum County, TX. The well called the Frost #2-H has been an ongoing project that is projected to have some promising outcome. Houston Energy expects the well to go on production starting this week. The company owns about 18.6% of the working interest in that well.

    Increasing Acreage in Hockley County, TX

    Houston also owns another mining area in Hockley County, TX. Recently, the company has increased this mining block to 6,336 acres up from 5,871 with Houston Energy owning a good 20% of the block. The company is now preparing to begin drilling operations that are set to begin around September 18, 2020. According to the operators’ projections, the depth of the well-drilled here will be about 10,500′ with a lateral length of about 5,224′. These are just the projected measurement to guide the drilling process.

    When the above factors are coupled with an increase in positive sentiments in equity markets, this stock could be one of the big gainers in the remainder of 2020, and possibly all through 2021.

    About Houston Energy Corp Inc

    Houston American Energy is an exploration and mining company based in Houston Texas. It deals with oil, natural gas, and minerals exploration and mining mainly on the Permian Basin, on the onshore Gulf Coast Region in Louisiana and Texas.

    The company also has contacts and concessions allowing them to operate in the South American country of Colombia. It was incorporated back in 2001 as an oil and gas exploration company dealing with both production and non-production assets. It has since been forming partnerships with other players in the industry in a bid to spread costs and maximize returns.