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HUSA – Houston American Energy Corp

Not Compliant

Houston American Energy Corp is not Shariah Compliant because it fails the financial ratios.

Houston American Energy Corp. is an oil and gas company. The Company is focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its principal properties, and operations, are in the United States Permian Basin. The Company also holds additional holdings in the United States Gulf Coast region of Louisiana and Texas, and in the South American country of Colombia. Its Texas properties include Reeves County and Yoakum County. It holds an 18.1% average working interest in 320 gross acres in Reeves County, Texas, consisting of approximately 160 gross acres of Johnson Lease. Its principal producing and exploration properties in Louisiana consist of a 23.437% mineral interest in approximately 2,485 gross acres in East Baton Rouge Parish. It holds interests in multiple prospects in Colombia covering approximately 920,841 gross acres. The Company’s properties include CPO-11, Los Picachos and Macaya Prospects.

AAOIFI ✗

Debt ÷ Market cap (MC)0
Non-Compliant Assets ÷ MC30.73

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