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<SEC-DOCUMENT>0001140361-08-010483.txt : 20080429
<SEC-HEADER>0001140361-08-010483.hdr.sgml : 20080429
<ACCEPTANCE-DATETIME>20080429155428
ACCESSION NUMBER:		0001140361-08-010483
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080429
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080429
DATE AS OF CHANGE:		20080429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOUSTON AMERICAN ENERGY CORP
		CENTRAL INDEX KEY:			0001156041
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				760675953
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32955
		FILM NUMBER:		08785321

	BUSINESS ADDRESS:	
		STREET 1:		801 TRAVIS STREET, SUITE 2020
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		7132226966

	MAIL ADDRESS:	
		STREET 1:		801 TRAVIS STREET SUITE 2020
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.txt
<DESCRIPTION>HOUSTON AMERICAN ENERGY CORP 8-K 4-29-2008
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

       Date of report (Date of earliest event reported):  April 29, 2008

                         HOUSTON AMERICAN ENERGY CORP.
           ----------------------------------------------------------
               (Exact name of registrant as specified in Charter)


         Delaware                        1-32955                 76-0675953
- -------------------------------      ----------------        -------------------
(State or other jurisdiction of        (Commission             (IRS Employer
 incorporation or organization)          File No.)           Identification No.)


                         801 Travis Street, Suite 1425
                              Houston, Texas 77002
            --------------------------------------------------------
               (Address of Principal Executive Offices)(Zip Code)


                                  713-222-6966
                         -----------------------------
                           (Issuer Telephone number)


        ----------------------------------------------------------------
         (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


                                        1
<PAGE>
Item 7.01.     Regulation FD Disclosure.

On April 29, 2008, Houston American Energy Corp. (the "Company") issued a letter
to its shareholders as part of its annual report.  The letter is attached to
this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein
solely for purposes of this Item 7.01.

The information set forth in this Item 7.01, including Exhibit 99.1, is
furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities under that section, nor shall
such information be deemed incorporated by reference in any filing under the
Securities Act, or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.

Item 9.01.     Financial Statements and Exhibits.

       (c)     Exhibits

               99.1     Letter to shareholders

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       HOUSTON AMERICAN ENERGY CORP.

Dated:  April 29, 2008
                                  By:  /s/ John Terwilliger
                                       -----------------------------------------
                                       John Terwilliger,
                                       President and
                                       Chief Executive Officer


                                       2

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                          Houston American Energy Corp


                             Letter to Shareholders

     It is my pleasure to report to our shareholders on our accomplishments
during 2007, a year of record financial performance for Houston American Energy
and our first year of after tax earnings profitability.

     Our success during 2007 was once again driven by ongoing strong drilling
performance in Colombia where state-of-the-art seismic technology and
interpretation have allowed our operating partner to select optimum well sites
with a high degree of precision.

     Operational and financial highlights during 2007 included:

     -    record production and revenue levels, with revenues climbing 55% from
          2006;

     -    an almost 7-fold increase in SEC PV10 value of proven reserves to
          more than $70 million;

     -    earnings per share of $0.02, a first in the Company's history,
          and cash flow from operations of $0.06 per share, up 45% from 2006;
          and

     -    a strong balance sheet at year end with more than $10 million in
          cash and marketable securities and no debt.

     Our strong balance sheet position and continuing successes in Colombia
position Houston American for continued future growth.

     Our strategy continues to focus on international oil production combined
with targeted opportunistic domestic activity. Our Caddo Lake Prospect in North
Louisiana will be the focus of much of our domestic effort going forward and is
expected to develop into a significant natural gas resource play for the
Company. We expect development of our Caddo Lake Prospect, coupled with strong
cash flow from our Colombian operations, to provide a desirable balance of long
life domestic natural gas assets and high cash flow international oil production
and assets in Colombia.

     In March 2008, we announced the planned sale of the Caracara contract block
interests in Colombia for gross proceeds of approximately $920 million. We hold
an approximately 1.6% interest in the Caracara contracts.

     Following the anticipated sale of the Caracara contracts, we will continue
to have substantial revenue growth opportunities in Colombia on our remaining
seven contract areas where we own interests ranging from 6.25% to 12.5%.
Discoveries made in 2007 on our Dorotea and Leona Contract areas have set the
stage for aggressive field development in 2008.  This development is now
underway.


<PAGE>
Our share of proceeds from the planned Caracara sale, together with our current
strong cash and working capital position, should allow us to fully participate
in the aggressive development of our remaining high working interest prospects
in Colombia without the need to access the capital markets.  We will be very
disappointed if significant increases in cash flow do not result from this
drilling activity.  In addition new areas in Colombia will be tested this year
and these look promising based on our historical success.

     We at Houston American believe that our shareholders will share our
enthusiasm as our drilling results come in throughout the year.  As virtually
all of the wells planned to be drilled in Colombia in 2008 will be drilled on
contracts where we hold a 12.5% interest, we are expecting a sharp acceleration
in the growth curve for production, cash flow and assets.

     In summary, Houston American will continue to focus on efficiently
converting our deep inventory of Colombian prospects to production and cash flow
in the coming years while selectively acquiring and undertaking development of
high potential domestic prospects such as our Caddo Lake prospect.  We are
constantly looking at domestic opportunities, but we have set the bar high to
ensure that we do not dilute our operating leverage.  We expect to achieve
significant organic growth, both long and short-term, and, as a result, build
value for our shareholders.

     In closing, I want to thank our loyal business partners, and all our
shareholders for their continued support and confidence.


/s/ John F. Terwilliger

 JOHN F. TERWILLIGER
Chairman of the Board
President and Chief Executive Officer
April 21, 2008

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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