Houston American Energy announces abandonment of CPO 4 well in Colombia

12/11/2012

Houston American Energy announces abandonment of CPO 4 well in Colombia

HOUSTON -- Houston American Energy received notice from SK Innovation, operator on the company's CPO 4 block in Colombia that it intends to plug and abandon the Zorro Gris #1 well. 

Following completion of the abandonment of the well, the drilling rig will be released. SK Innovation is currently in the process of acquiring its second proprietary 3D seismic shoot on the CPO 4 block, which is anticipated to be completed in 2013. 

The company is currently evaluating its future plans and alternatives regarding the CPO 4 block.

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