HOUSTON, Nov. 13, 2015 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that its Board of Directors has authorized the company to repurchase up to an aggregate of 3,000,000 shares of its Common Stock. The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. The repurchase program is expected to continue through June 30, 2016 unless extended or shortened by the Board of Directors. There is no guarantee as to the exact number of shares that will be repurchased by the company, and the company may discontinue purchases at any time that management determines additional purchases are not warranted.
About Houston American Energy Corp.
Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The Company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing our Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
For additional information, view the company's website at www.houstonamericanenergy.com or contact the Houston American Energy Corp. at (713) 222-6966.
SOURCE Houston American Energy Corp.