Corporate Overview Houston-based exploration and production company with onshore properties in Reeves County in Texas, Louisiana, and Colombia; founded 2001 Two primary intangible assets: 1) Great operating partners in Texas…
Management and Directors John P. Boylan Chairman and CEO of Houston American since April 2015, member of the Board since 2006. As an industry Chairman/CEO consultant during the last decade, has held senior management roles in public and…
Capitalization1 NYSE MKT: HUSA Common Shares (millions) Fully Diluted1,2,5 Market Capitalization 38.5 million 5.8 3.6 8% 5% Current Assets2,3,4 0.3 million 8.5 12% Total Liabilities4 0.6 million 39.7 58% 11.6 Stockholders…
Permian Delaware Basin 5
Resource Plays in the Permian Basin The Permian Basin includes the Wolfcamp, Bone Spring, and Avalon formations.1 HUSAs acreage is located where all HUSAs acreage in Reeves County, TX is Wolfcamp/Bone located in the most active…
Multi-Stacked Pay Zones 3 The play contains multiple stacked pay zones that require horizontally (Hz) drilled and hydraulically fractured wellbores Primary Initial target Wolfcamp A/B: - Internal gross undeveloped resource…
Entry into the Delaware Basin In January 2017 acquired a 25% interest in initial 720 gross leased acres for 5,500 per net acre from Wolfcamp Oil/Condensate/Gas Trend Map 1 Founders Oil & Gas III, LLC (179 net leased acres) pooling…
Comparable Transactions Adjusted /Permian Net Acre ( thousands) Source: CDEV 2Q presentation August 7, 2017 Source: Centennial Resource Development 9
Wolfcamp Shale Activity Map (Updated 08/15/17) OBrien 3H Legend Operator: Founders Enterprise C19 5 1H (Energen) TD Reached: July 1, 2017 First prod: 6/2014 Production anticipated: Sept 2017 Oil cum: 117.6 mbo / Gas cum: 1,562 HUSA…
Type Well Comparison Our estimated economics 1,2 are based on the BLUE line; actual nearby wells that are currently producing are represented by the RED, and GREEN lines EOG - State Firefly 24 1H 30 day Prac IP Normalized to…
Estimates for a Single Bench Wolfcamp A Johnson State 1H IRR 1,062 BOEPD (351 BO/D and 4,269 MCF/D) 100% 89% Assumptions: 90% 1) 4,500' lateral 80% 2) 6.5 million D&C 64% 3) 50 WTI / 3 HH Flat 70% 4) Gross type well results 30…
Most Recent Wells Showing Oil Rate Improvement As Reeves Activity Creeps South Source: CDEV 2Q presentation August 7, 2017 Two recent short lateral wells (Russell 6H & Stephens 2H) have been the best drilled to date by Centennial…
Permian/Delaware Timeline July 1, 2017: OBrien 3H reached TD June 4, 2017: Johnson State 1H reached TD Late 2017 D&C up to 2 additional wells May 2017: Johnson State 1H spud 2018-21: Develop 56+ wells New Permian/Delaware…
Colombia Putumayo Basin 15
Colombia Overview HUSAs concessions are all operated by Hupecol Operating, LLC,1 a privately held E&P company with offices in Bogota, Colombia and Houston, Texas Hupecol operates significant production and gathering facilities in…
Executive Summary 17
Houston American Game Plan Generate healthy returns and peer group leading growth while maintaining low leverage Tie-in first two Reeves County horizontal wells by September Add Permian proven reserve categories to report for year…
Conclusion Completion of first two wells in premier location in the Permian Basin provides new growth area Strong operating partners with extensive experience in respective operating areas - Founders in the Permian Basin - Hupecol…