AGIG

EX-99.1

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EX-99.1

Exhibit 99.1

Houston American Energy Corp. Reports Preliminary, Unaudited Results for Third Quarter 2025

HOUSTON,

TX – November 10, 2025 – Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”)

today announced preliminary, unaudited financial results for the third quarter ended September 30, 2025.

Third Quarter 2025 Preliminary, Unaudited Results

● Preliminary, total operating expenses for the third quarter 2025 are expected to be approximately $3.8 million, an increase of $2.7 million compared to the second quarter 2025 reflecting the operating costs of the number of the combined organization following the acquisition on July 1, 2025, as well as the additional costs of integration. The increased cost also reflects a number of initiatives undertaken in the quarter:

● Completion of acquisition of 25-acre site in Cedar Port, Baytown, TX

● Appointment of Nexus PMG as Engineering and Service Provider to support the development of Abundia Global Impact Group LLC’s , a wholly-owned subsidiary of HUSA (“AGIG”) Plastics Recycling Facility and Innovation Hub

● Breaking ground on the AGIG Innovation Hub and R&D Center at Cedar Port

● Further development of biomass to liquid fuels and sustainable aviation fuel with the execution of a binding term sheet with BTG Bioliquids B.V.

● Establishment of a new Board of Directors following the acquisition of AGIG, integrating seasoned industry and financial leaders to support the Company’s transition into low-carbon fuels and chemicals.

● Preliminary, unaudited cash and cash equivalents as of September 30, 2025, is expected to be approximately $1.5 million

● Preliminary, unaudited goodwill as of September 30, 2025, is expected to be approximately $13.0 million

● Preliminary, unaudited land asset as of September 30, 2025, is expected to be approximately $8.6 million

● Preliminary, unaudited debt as of September 30. 2025, is expected to be approximately $11.0 million

About Houston American Energy Corp.

Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired Abundia Global Impact Group, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA’s broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies.

Preliminary Financial Information

The preliminary financial information included in this press release is unaudited and is subject to completion of Houston American Energy Corp.’s quarter-end closing procedures and further financial review. Actual results may differ from these estimates as a result of the completion of quarter-end closing procedures, review adjustments and other developments that may arise between now and the time such financial information for the period is finalized. As a result, these estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. These preliminary estimates should not be viewed as a substitute for full financial statements prepared in accordance with United States generally accepted accounting principles, and they should not be viewed as indicative of our results for any future period. Houston American Energy Corp.’s independent registered public accountants have not audited, reviewed, compiled, or performed any procedures with respect to these estimated financial results and, accordingly, do not express an opinion or any other form of assurance with respect to these preliminary estimates.

Forward-Looking

Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Actual results of Houston American Energy Corp. (the “Company”) may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations about the Company’s financial and operating results, including the Company’s operating expenses, cash position, good

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HOUSTON

AMERICAN ENERGY ANNOUNCES Q4 AND FY 2018 RESULTS, INCREASED REVENUE AND FOURTH QUARTER PROFITABILITY

Houston, TX – April 1, 2019 – Houston American Energy Corp. (NYSE American: HUSA) today announced financial results for its fourth quarter and year ended December 31, 2018. Net income for the fourth quarter of 2018 was $64,665 compared to a net loss of $282,663 for the fourth quarter of 2017. For the twelve months ended December 31, 2018, net loss was $251,336 compared to a net loss of $2,037,614 for the twelve months ended December 31, 2017.

The improvement in quarterly and full year operating results reflects substantial increases in oil and gas revenue, receipt of a lease bonus from the extension of a mineral acreage lease in Louisiana and the results of the company’s cost control measures. Oil and gas revenues were up 256% for the year, to $2,243,325 for 2018 as compared to $630,392 in 2017. The increase in revenues was attributable to production from the Company’s Reeves County, TX wells which came on line late in 2017. The Company’s commitment to lower operating costs and stringent financial controls had a positive impact during the year with general and administrative costs decreasing 33% to $1,422,560 in 2018 from $2,128,667 in 2017.

Other financial metrics improved in 2018, highlighted by:

● Cash flow from operating activities of $360,792 for the year ended December 31, 2018 vs. cash used in operating activities of $1,716,847 for the year ended December 31, 2017

● Proved reserve PV10 valuation of $7,714,648 at December 31, 2018 vs. $6,848,855 at December 31, 2017

● Cash on hand of $755,702 at December 31, 2018 vs. $392,062 at December 31, 2017

● A current ratio of 15:1 at December 31, 2018 vs. 5:1 at December 31, 2017

● Total liabilities of $145,478 at December 31, 2018 vs. $236,560 at December 31, 2017; and

● No long-term debt

James Schoonover, interim CEO stated, “2018 was a pivotal transition year for Houston American Energy, highlighted by substantial production and revenue growth, diversification of our asset base and potential future revenue sources and a keen focus on controlling and lowering costs, culminating in a net profit in the fourth quarter. Reeves County production, which came on line in late 2017 drove production and revenue growth for the year. With a salt water disposal well serving Reeves County expected to come on line in the near future, we expect field level operating costs to go down and profitability to increase. If we see improved profitability, we expect that our new operator will resume development of our Reeves County holdings.

“In 2018, we added to our prospect inventory with our acquisition of an acreage position in Yoakum County and our lease of a portion of our Louisiana acreage to a third party operator. In Yoakum County, drilling of an initial well has been completed and production facilities are in progress with fracking of the well expected in early 2Q 2019. Assuming successful completion, we expect the well to move onto production and sales promptly following completion.

“In East Baton Rouge Parish, Louisiana, we leased to a third party operator/lessee our interest in a 744-acre tract for which we received a lease bonus of $133,335 and a royalty of 22.5% gross (5.273% net). The operator/lessee of the East Baton Rouge Parish acreage has indicated that its plans to drill an initial well to test the Lower Tuscaloosa Formation.

“Our drilling operations in Yoakum County, together with potential drilling of a well in East Baton Rouge Parish, offer potential diversification and growth in revenues which, together with cost containment efforts, we believe will serve as a foundation for a return to profitability and growth. In addition to the potential drilling of additional wells on our current acreage, we continue to look for opportunities that will enhance shareholder value.”

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company’s business strategy includes a property mix of producing and non-producing assets with a focus on the Permian Basin in Texas, Louisiana and Colombia.

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 our ability to continue to grow revenues, reduce costs and achieve profitability, the timing of a salt water disposal well coming on line in Reeves County and cost savings associated with the same, the timing of completion of our Yoakum County well, the drilling, and timing of drilling, of additional wells on existing acreage, the ultimate drilling, and success of drilling, of a well in East Baton Rouge Parish, and our ability to secure additional opportunities that enhanc

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Houston American Energy Corp. Announces Preliminary Fourth Quarter 2017 Revenues; Updates Reeves County Production

Reeves County production and higher energy prices drive 842% YOY Q4 revenue increase

HOUSTON,

TX, February 12, 2018 – Houston American Energy Corp. (HUSA: NYSE American), a Permian Basin-focused E&P company, today provided preliminary revenue totals for the 2017 Fourth Quarter and provided an update on production from its initial Reeves County, Texas wells.

Preliminary Q4 2017 Revenue Highlights

Q4 2017 preliminary unaudited revenues rose sharply on increased production attributable to our Reeves County wells and improved energy prices.

● Preliminary revenue estimates total $414,743 for the quarter ended December 31, 2017, up 842% from the quarter ended December 31, 2016 and up 271% from the quarter ended September 30, 2017;

● Preliminary production volume estimates for the quarter ended December 31, 2017 totaled 6,150 barrels of oil (“Bbl”) and 19,518 thousand cubic feet of gas (“Mcf”)(or 9,403 barrels of oil equivalent (“boe”)); compared to 1,395 boe of production for Q4 2016 and 2,885 boe of production for Q3 2017; and

● Preliminary realized prices for oil and gas were $54.05/Bbl and $4.22/Mcf for the quarter ended December 31, 2017; compared to $44.94/Bbl and $2.93/Mcf for Q4 2016 and $43.45/Bbl and $3.29/Mcf for Q3 2017.

Reeves County Production Update

The Company’s first two Reeves County, Texas wells, the Johnson #1H (25% working interest) and O’Brien #3H (11.1885% working interest) wells, both commenced commercial sales in November 2017. The wells were both completed in the Wolfcamp A formation with an approximate 4,500’ lateral leg.

The initial thirty-day average daily two stream production (IP30) rates, gross, for the O’Brien #3H and Johnson #1H wells were 1,108 boe per day (“boepd”) (37% oil) and 1,014 boepd (51% oil), respectively. On a per 1,000’ of lateral basis, the O’Brien #3H and Johnson #1H wells IP30 rates were 246 boepd and 225 boepd, respectively.

Total production from both Reeves County wells was slightly negatively impacted by extreme cold during December, causing shut in of production for five days for the O’Brien #3H well and two days for the Johnson #1H well.

Mr. John Boylan, Chairman and CEO of Houston American Energy stated: “We are very pleased with the performance of our first two completed wells in Reeves County. After approximately 90 days of operations, both the cumulative production to date and current production rates are, on average, above our economic model forecast. Commencing in Q4 2017, we saw material improvements in production, revenues and cash flow driven by our Reeves County operations.

We have made significant investments in infrastructure and learned much in the course of drilling our initial wells. We expect to benefit from those investments and lessons and to gain efficiencies as we seek to drill and bring additional wells on line on our existing acreage and as we seek to add to our acreage in Reeves County.”

About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp. is a publicly-traded independent energy company with interests in oil and natural gas wells, minerals and prospects. The Company’s business strategy includes a property mix of producing and non-producing assets with a focus on the Permian (Delaware) Basin in Texas, Louisiana and Colombia.

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 estimated revenues, production totals and realized prices remaining subject to audit; future production rates, revenues and cash flow in total and from Reeves County operations; ability to finance and successfully drill, complete and bring on line additional wells in Reeves County; ability to finance and acquire additional acreage in Reeves County; and, ability to gain efficiencies in operations. Those statements, and Houston American Energy Corp., are subject to a number of risks, including the potential inability to secure financing to fund Houston American’s share of well costs, timing of drilling operations, ultimate drilling results, potential changes in production rates, fluctuations in energy prices, fluctuations in drilling and operating costs, changes in market conditions, effects of government regulation and other factors. 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.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966 or Raymond Deacon, CFA at (917) 477-7800.