Houston American Energy Announces Third Quarter 2009 Financial Results

- Company Declares Quarterly Dividend of $.005 per Share -

HOUSTON, Nov. 6 /PRNewswire-FirstCall/ -- Houston American Energy Corp.
(Nasdaq: HUSA) yesterday reported its financial results for the quarter ended
September 30, 2009.

The Company reported net income for the three months ended September 30, 2009
of $428,578, or $0.02 per share, on revenues of $2,403,996, as compared to net
income of $798,832, or $0.03 per share, on revenues of $2,350,782 for the
three months ended September 30, 2008. For the nine months ended September
30, 2009, the company reported a loss of $937,634, or $0.03 per share, on
revenue of $3,983,256, as compared to net income of $4,870,356, or $0.17 per
diluted share, on revenues of $8,616,868. The increase in revenue for the
quarter was primarily attributable to increased volumes in our Colombia
operations, offset by decreased commodity prices realized in the 2009 quarter
as compared to 2008. The decrease in revenue for the nine months ended
September 30, 2009 was primarily attributable to reduced production from the
majority of our wells being shut in during the later half of the 1st quarter
and early in the 2nd quarter of 2009, and lost production related to the sale
of the Caracara concession in 2008.

Mr. John F. Terwilliger, President and Chairman of Houston American Energy,
stated, "Houston American Energy's production volumes sold in the third
quarter showed an 80% improvement over the second quarter and a 46%
improvement versus the volumes sold during the third quarter of 2008. We
expect this trend to continue into the fourth quarter as production volumes
have been strong and are expected to stay strong going forward. The next six
months should be very eventful for Houston American Energy as we expect to
commence drilling on one of our new blocks in Colombia. In addition, during
this period we should have the results of the sales process of a portion of
our Colombian assets as described in our Form 8-K filed on September 23, 2009,
which we believe will provide significant additional liquidity to the Company.
These are exciting times for Houston American Energy as we are embarking on a
new and potentially very significant growth phase for the Company."

In view of the Board of Directors' confidence in the outlook for Houston
American Energy, a dividend of $0.005 per share has been declared for
shareholders of record as of December 1, 2009 with a payment date of December
17, 2009.

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 Texas, Louisiana and Colombia. Additional
information can be accessed by reviewing our Form 10-Q and other periodic
reports filed with the Securities and Exchange Commission which can be found
on our website at www.houstonamericanenergy.com.

Forward-Looking Statements

The information in this release includes certain forward-looking statements
that are based on assumptions that in the future may prove not to have been
accurate, including statements regarding the company's ability to increase its
production sales volumes, revenues and profitability in future periods, its
ability to identify, finance, acquire and operate assets and operations on
favorable terms, or at all, and the ultimate proceeds, if any, that may be
received from current efforts to sell a portion of the company's Colombian
assets. Those statements, and Houston American Energy Corp., are subject to a
number of risks, including the potential changes in price based on operations
and fluctuations in oil prices, changes in market conditions and other
factors, effects of government regulation, and the ultimate results derived
from our projects and our efforts to identify, finance and consummate the
acquisition of assets and operations. These and other risks are described in
the company's documents and reports that are available from the company and
the United States 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.

Houston American Energy Corp., +1-713-222-6966