As part of the transaction, Houston American Energy agreed to sell all of its working and overriding royalty interest.
The final purchase and sale price of the interests sold by Houston American was approximately $4.1m gross, which amount is subject to customary post-closing adjustments and withholdings related to the transaction.
Texas-based Houston American Energy is an 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 Colombia, Texas and Louisiana.
