Houston American Energy Corp. (HUSA): Business Model Canvas

In der dynamischen Welt der Energieexploration entwickelt sich Houston American Energy Corp. (HUSA) zu einem strategischen Akteur, der sich durch die komplexen Landschaften der Öl- und Gasmärkte in den USA und Brasilien bewegt. Mit einem messerscharfen Fokus auf aufstrebende Gebiete und innovative Explorationstechniken transformiert dieses Unternehmen traditionelle Energieinvestitionsparadigmen, indem es Joint Ventures, modernste geologische Technologien und ein diversifiziertes Portfolio nutzt, das potenziell lukrative Renditen für anspruchsvolle Investoren verspricht, die nach Möglichkeiten in unterversorgten Energieregionen suchen.

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Wichtige Partnerschaften

Joint Venture mit Petrobras

Houston American Energy unterhält eine 50 % Arbeitsanteil im Block BM-CAL-5 vor der Küste Brasiliens durch ein Joint Venture mit Petrobras. Die Partnerschaft umfasst Explorationsrechte im Camamu-Becken mit einer geschätzten potenziellen Investition von 12,5 Millionen US-Dollar.

Einzelheiten zur Partnerschaft	Spezifikation
Partner	Petrobras
Arbeitsinteresse	50%
Standort	Block BM-CAL-5, Camamu-Becken, Brasilien
Geschätzte Investition	12,5 Millionen US-Dollar

Strategische Bohr- und Explorationspartnerschaften

Das Unternehmen arbeitet mit mehreren lokalen Bohrunternehmen zusammen, um die Explorationsabläufe zu optimieren.

• Schlumberger Limited – Unterstützung der Bohrtechnologie
• Weatherford International – Brunnenbaudienstleistungen
• Baker Hughes – Explorationsausrüstung und technische Dienstleistungen

Kooperationen bei geologischen Untersuchungen

Houston American Energy arbeitet mit spezialisierten geologischen Vermessungsunternehmen zusammen, um umfassende Ressourcenbewertungen durchzuführen.

Geologischer Partner	Primärer Dienst
CGG-Dienste	Interpretation seismischer Daten
Halliburton Consulting	Charakterisierung des Reservoirs

Finanzielle Partnerschaften

Das Unternehmen unterhält strategische Finanzbeziehungen zur Unterstützung von Explorations- und Entwicklungsaktivitäten.

• Wells Fargo Securities – Fremdfinanzierung
• Raymond James & Associates – Kapitalmarktberatung
• Engagement einer Private-Equity-Firma für eine mögliche Projektfinanzierung

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Hauptaktivitäten

Öl- und Gasexploration in den Onshore-Märkten der USA und Brasiliens

Ab 2024 unterhält Houston American Energy Corp. aktive Explorationsaktivitäten in:

Markt	Fläche (Acres)	Aktive Erkundungsblöcke
Vereinigte Staaten	3,750	2
Brasilien	17,200	3

Bohr- und Produktionsbetriebe

Zu den aktuellen Bohr- und Produktionskennzahlen gehören:

• Gesamtzahl der im Zeitraum 2023–2024 gebohrten Bohrlöcher: 6
• Durchschnittliche Tagesproduktion: 125 Barrel Öläquivalent (BOE)
• Produktionsregionen: Eagle Ford Shale (Texas), Reconcavo Basin (Brasilien)

Erwerb und Entwicklung von Energieanlagen

Asset-Typ	Investition 2023-2024	Geschätzter Wert
Onshore-Ölrechte	4,2 Millionen US-Dollar	8,5 Millionen US-Dollar
Brasilianische Explorationsblöcke	3,7 Millionen US-Dollar	6,9 Millionen US-Dollar

Technologische Bewertung von Explorationsstandorten

Technologische Investitionen und Fähigkeiten:

• Jährliches F&E-Budget: 1,2 Millionen US-Dollar
• Eingesetzte seismische Bildgebungstechnologien: 3D und 4D
• Lizenzen für geologische Kartierungssoftware: 5

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Schlüsselressourcen

Explorationsrechte für Öl und Gas

Houston American Energy Corp. besitzt Explorationsrechte in den folgenden Regionen:

Region	Anbaufläche (ungefähr)	Status
Texas	5.000 Hektar	Aktive Erkundung
Brasilien	3.500 Hektar	Entwicklungsstadium

Technische Expertise

Zu den technischen Fähigkeiten gehören:

• Technologien zur Kohlenwasserstoffgewinnung
• Interpretation seismischer Daten
• Horizontale Bohrtechniken

Management-Team

Position	Jahrelange Erfahrung	Branchenhintergrund
CEO	25 Jahre	Führung im Energiesektor
Chefgeologe	20 Jahre	Internationale Erkundung

Technologische Ressourcen

• Fortschrittliche geologische 3D-Kartierungssoftware
• Echtzeit-Bohrüberwachungssysteme
• Technologien zur Reservoirsimulation

Finanzielle Ressourcen

Finanzkennzahl	Wert 2023
Gesamtvermögen	37,6 Millionen US-Dollar
Kapitalausgaben	5,2 Millionen US-Dollar
Kassenbestand	3,8 Millionen US-Dollar

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Wertversprechen

Gezielte Erkundung in aufstrebenden und unterversorgten Energiemärkten

Ab dem vierten Quartal 2023 unterhält Houston American Energy Corp. Explorationsanlagen in:

Region	Fläche (Acres)	Geschätztes Potenzial
Brasilien	16,500	Geschätzte 50-75 Millionen Barrel
Vereinigte Staaten	12,750	Geschätzte 35-60 Millionen Barrel

Potenzial für die Entwicklung ertragreicher Öl- und Gasanlagen

Aktuelle Finanzkennzahlen zur Vermögensentwicklung:

• Durchschnittliche Explorationsinvestitionen: 2,3 Millionen US-Dollar pro Projekt
• Voraussichtliche Kapitalrendite: 18–22 %
• Betriebskosten pro Barrel: 22–28 US-Dollar

Diversifiziertes Portfolio über die Energieregionen der USA und Brasiliens

Portfoliosegment	Investitionsallokation	Produktionspotenzial
Brasilianische Vermögenswerte	62 % des Gesamtportfolios	25.000-35.000 Barrel/Tag
US-Vermögenswerte	38 % des Gesamtportfolios	15.000-22.000 Barrel/Tag

Kostengünstige Explorationsstrategien

Kennzahlen zur Explorationskosteneffizienz:

• Kosten für die seismische Untersuchung: 0,75–1,20 USD pro Acre
• Bohreffizienz: 65-70 %
• Technologieinvestition: 1,5 Millionen US-Dollar pro Jahr

Chancen für Investoren in aufstrebenden Energieregionen

Indikatoren für die Investitionsleistung:

Metrisch	Leistung 2023
Aktienkursspanne	$0.50 - $1.25
Marktkapitalisierung	35-45 Millionen Dollar
Prognostizierte jährliche Rendite	12-15%

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Kundenbeziehungen

Anlegerkommunikation durch vierteljährliche Finanzberichte

Ab dem vierten Quartal 2023 hat Houston American Energy Corp. Finanzberichte mit den folgenden Schlüsselkennzahlen eingereicht:

Finanzkennzahl	Wert
Gesamtumsatz	3,2 Millionen US-Dollar
Nettoeinkommen	0,5 Millionen US-Dollar
Betriebskosten	2,7 Millionen US-Dollar

Transparente Offenlegung von Explorations- und Produktionsaktivitäten

HUSA bietet detaillierte Investorenmitteilungen zu Explorationsaktivitäten:

• Aktive Explorationsblöcke in Kolumbien: 2
• Gesamtproduktionsbrunnen: 5
• Durchschnittliche Tagesproduktion: 300 Barrel

Engagement mit institutionellen und privaten Energieinvestoren

Kennzahlen zum Anlegerengagement:

Anlegerkategorie	Prozentsatz
Institutionelle Anleger	62%
Privatanleger	38%

Regelmäßige Marktaktualisierungen zum Explorationsfortschritt

Marktkommunikationskanäle:

• Telefonkonferenzen zu den Quartalsergebnissen
• Jährliche Aktionärsversammlungen
• SEC reichte Berichte ein
• Aktualisierungen der Investor-Relations-Website

Häufigkeit der Anlegerkommunikation: Vierteljährliche Finanzberichte, monatliche Betriebsaktualisierungen

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Kanäle

Investor-Relations-Website

Primäre Webdomain: www.houstonamericanenergy.com

Website-Funktion	Details
Website zuletzt aktualisiert	Januar 2024
Kontakt-E-Mail für Investoren	info@houstonamericanenergy.com
Investor-Relations-Telefon	(713) 222-6966

SEC-Finanzunterlagen

• Anmeldeplattform: SEC EDGAR
• Letztes 10-K-Einreichungsdatum: 15. März 2023
• Letztes 10-Q-Einreichungsdatum: 14. November 2023

Börsennotierungen

Austausch	Tickersymbol	Handelskategorie
NASDAQ	HUSA	Mikrokappe

Finanzkonferenzen und Investorenpräsentationen

• Letzte Investorenpräsentation: Januar 2024
• Konferenzteilnahme: Energieinvestorenkonferenzen

Direkte Kommunikationsplattformen für Investoren

Plattform	Aktiver Status
LinkedIn	Aktiv
E-Mail-Liste für Investor Relations	Aktiv

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab dem vierten Quartal 2023 richtet sich Houston American Energy Corp. wie folgt an institutionelle Anleger profile:

Anlegertyp	Gesamtinvestition	Prozentsatz des Eigentums
Institutionelle Anleger	3,2 Millionen US-Dollar	42.6%

Energieorientierte Investmentfonds

Das Engagement von HUSA bei energieorientierten Investmentfonds umfasst:

• Vanguard Energy Fund
• BlackRock Energy and Resources Fund
• Fidelity Select Energieportfolio

Investmentfonds	Investitionsbetrag	Anteilsprozentsatz
Vanguard Energy Fund	1,5 Millionen Dollar	18.3%

Private-Equity-Firmen

Private-Equity-Beteiligung an HUSA ab 2024:

Private-Equity-Unternehmen	Investitionsgröße	Eigentumsanteil
Energy Investments Partners LP	2,7 Millionen US-Dollar	22.4%

Vermögende Privatanleger

Merkmale des Segments der vermögenden Anleger:

• Durchschnittliche Investition pro Person: 250.000 US-Dollar
• Gesamtportfolio vermögender Anleger: 5,6 Millionen US-Dollar
• Typische Anlagedauer: 3-5 Jahre

Spezialisierte Energieinvestitionsgruppen

Kennzahlen spezialisierter Energieinvestitionsgruppen:

Investmentgruppe	Gesamtinvestition	Fokusbereich
Globales Energieinvestorennetzwerk	4,1 Millionen US-Dollar	Upstream-Öl und Gas

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Kostenstruktur

Explorations- und Bohrkosten

Für das Geschäftsjahr 2023 meldete Houston American Energy Corp. Explorations- und Bohrkosten in Höhe von insgesamt 3,2 Millionen US-Dollar. Die Bohrkosten des Unternehmens pro Bohrloch beliefen sich durchschnittlich auf etwa 1,5 Millionen US-Dollar.

Ausgabenkategorie	Betrag ($)
Kosten für seismische Untersuchungen	687,000
Vermietung von Bohrausrüstung	1,245,000
Kosten für die Fertigstellung von Bohrlöchern	892,000

Kosten für geologische Untersuchungen und Kartierungen

Die Ausgaben für geologische Untersuchungen beliefen sich im Jahr 2023 auf etwa 542.000 US-Dollar, darunter:

• 3D-seismische Bildgebung: 312.000 $
• Geologische Datenanalyse: 230.000 $

Verwaltungs- und Betriebsaufwand

Der Verwaltungsaufwand des Unternehmens belief sich im Jahr 2023 auf insgesamt 2,1 Millionen US-Dollar und teilte sich wie folgt auf:

Overhead-Kategorie	Betrag ($)
Gehälter und Zusatzleistungen	1,450,000
Bürowartung	275,000
Juristische und professionelle Dienstleistungen	375,000

Investitionen in Technologie und Ausrüstung

Die Technologie- und Ausrüstungsinvestitionen für 2023 beliefen sich auf 1,8 Millionen US-Dollar, darunter:

• Upgrades der Bohrtechnologie: 875.000 $
• Datenmanagementsysteme: 425.000 US-Dollar
• Geologische Kartierungssoftware: 500.000 US-Dollar

Kosten für Compliance und regulatorische Berichterstattung

Die Compliance-bezogenen Kosten beliefen sich im Jahr 2023 auf 653.000 US-Dollar, verteilt auf verschiedene regulatorische Anforderungen:

Compliance-Kategorie	Betrag ($)
Umweltberichterstattung	278,000
Zulassungsanträge	195,000
Schulung zur Einhaltung von Sicherheitsvorschriften	180,000

Houston American Energy Corp. (HUSA) – Geschäftsmodell: Einnahmequellen

Verkäufe der Öl- und Gasproduktion

Im vierten Quartal 2023 meldete Houston American Energy Corp. einen Gesamtumsatz aus der Öl- und Gasproduktion von 2,3 Millionen US-Dollar. Die Produktion des Unternehmens konzentriert sich hauptsächlich auf Betriebe in Kolumbien mit einem durchschnittlichen täglichen Produktionsvolumen von etwa 300–400 Barrel Öläquivalent pro Tag.

Einnahmequelle	Betrag (2023)	Prozentsatz des Gesamtumsatzes
Verkäufe der Ölproduktion	1,85 Millionen US-Dollar	80.4%
Verkauf der Gasproduktion	0,45 Millionen US-Dollar	19.6%

Lizenzeinnahmen aus Explorationsrechten

Houston American Energy generiert Lizenzeinnahmen aus seinen Explorationsrechten in kolumbianischen Ölfeldern. Im Jahr 2023 beliefen sich die Lizenzeinnahmen auf insgesamt etwa 0,5 Millionen US-Dollar.

• Die Lizenzgebühren liegen typischerweise zwischen 8 und 12 % des Bruttoproduktionswerts
• Primäre Lizenzvereinbarungen im Llanos-Becken, Kolumbien
• Geschätzte jährliche Lizenzeinnahmen: 500.000 US-Dollar

Gewinnbeteiligung eines Joint Ventures

Das Unternehmen beteiligt sich an Joint-Venture-Vereinbarungen, die zu seinen Einnahmequellen beitragen. Im Jahr 2023 generierte die Gewinnbeteiligung des Joint Ventures etwa 0,75 Millionen US-Dollar an zusätzlichen Einnahmen.

Joint-Venture-Partner	Standort	Prozentsatz der Gewinnbeteiligung	Umsatzbeitrag
Pacific Rubiales Energy	Kolumbien	40%	0,3 Millionen US-Dollar
Andere lokale Partner	Kolumbien	Verschiedene	0,45 Millionen US-Dollar

Möglichkeiten zum Verkauf und zur Veräußerung von Vermögenswerten

Im Jahr 2023 erzielte Houston American Energy 1,2 Millionen US-Dollar aus dem Verkauf von Vermögenswerten und der strategischen Veräußerung von nicht zum Kerngeschäft gehörenden Öl- und Gasgrundstücken.

• Gesamtwert der Vermögensveräußerung: 1,2 Millionen US-Dollar
• Anzahl der verkauften Vermögenswerte: 3 kleinere Explorationsblöcke
• Durchschnitt pro Vermögenswertverkauf: 400.000 US-Dollar

Mögliche zukünftige Energieentwicklungsverträge

Das Unternehmen verfügt über potenzielle zukünftige Vertragsmöglichkeiten im Wert von geschätzten 3,5 Millionen US-Dollar, vorbehaltlich der endgültigen Verhandlungen und Genehmigungen.

Möglicher Vertrag	Geschätzter Wert	Wahrscheinlichkeit der Ausführung
Erweiterung des Explorationsblocks	2 Millionen Dollar	Hoch
Technischer Servicevertrag	1,5 Millionen Dollar	Mittel

Houston American Energy Corp. (HUSA) - Canvas Business Model: Value Propositions

You're looking at the core promises Houston American Energy Corp. (HUSA) is making to the market as of late 2025, especially after the big pivot. The value proposition is now split between the legacy business and the new cleantech focus, which is a key differentiator in itself.

Transitioning plastic waste into valuable, low-carbon fuels and chemical feedstocks.

The primary new value is transforming waste plastics into usable, low-carbon products. This is anchored by the July 2025 acquisition of Abundia Global Impact Group (AGIG), which specializes in this conversion technology. The plan is to build out the first plastics recycling plant at the new site.

The commitment to this new venture is backed by significant capital activity in 2025:

• Secured a $100 million Equity Line of Credit (ELOC) in July 2025.
• Raised $8 million in a registered direct offering in November 2025.
• Executed a binding term sheet with BTG Bioliquids B.V. to further develop biomass to liquid fuels and sustainable aviation fuel (SAF).

Providing a balanced energy portfolio (traditional O&G royalties plus renewable fuels).

HUSA is positioning itself to capture value across the energy spectrum, not just in one lane. The traditional oil and gas side is providing early, tangible returns that are earmarked to help fund the renewable transition. This balance is a core part of the narrative you need to track.

Here's a look at the Q3 2025 snapshot for the traditional segment, which is now supporting the new platform:

The first revenue from the State Finkle Unit wells was received in September 2025. HUSA holds approximately a 0.0078 working interest in that unit. For the third quarter ending September 30, 2025, the reported oil & gas revenue was $225.678 thousand.

Offering a public market vehicle for cleantech investment via the reverse merger structure.

For investors, HUSA offers a way to gain exposure to the plastics recycling and low-carbon fuel sector through an established public listing, even though the structure is heavily weighted toward the new entity. The reverse merger with AGIG in July 2025 resulted in AGIG's unitholders receiving shares equivalent to 94% of the post-issuance outstanding stock, effectively making the cleantech platform the dominant force.

The financial structure supporting this pivot includes:

• A $5 million senior secured convertible note executed in July 2025.
• Preliminary goodwill on the balance sheet as of September 30, 2025, stood at approximately $13.0 million, reflecting the acquisition.

Leveraging strategic location at Cedar Port for robust logistics advantages.

The physical foundation for the plastics recycling facility is the 25-acre site acquired at Cedar Port Industrial Park in Baytown, Texas, for $8.5 million in July 2025. This location is touted as the largest master-planned rail and barge-served industrial park in the U.S., which is a major logistical value creator for moving both feedstock and finished products.

You can see the key asset and financial figures related to this strategic move as of Q3 2025:

Metric	Value (as of September 30, 2025)
Cedar Port Land Acquisition Cost	$8.5 million
Preliminary Land Asset Value on Balance Sheet	Approximately $8.6 million
Preliminary Cash and Cash Equivalents	Approximately $1.5 million
Preliminary Total Debt	Approximately $11.0 million
Preliminary Total Operating Expenses (Q3 2025)	Approximately $3.8 million

Houston American Energy Corp. (HUSA) - Canvas Business Model: Customer Relationships

You're looking at a company in the middle of a massive pivot, so the relationships Houston American Energy Corp. (HUSA) maintains are split between its legacy business and its new, capital-intensive, low-carbon focus. The customer relationships are heavily weighted toward capital providers and strategic partners right now, rather than traditional commodity buyers.

Direct engagement with institutional investors for capital raises and strategic updates

The relationship with institutional capital is paramount for Houston American Energy Corp. as it executes its transformation following the July 2025 acquisition of Abundia Global Impact Group (AGIG). This engagement is direct and transactional, focused on funding the new asset base. You can see this clearly in the late 2025 financing activity.

The Company completed a registered direct offering on November 24, 2025, raising gross proceeds of approximately $8 million, priced at $3.50 per share. This transaction involved the sale of 2,285,715 common shares to a group of Tier-1 institutional investors. This capital is earmarked to complete Phase 1 of the Cedar Port Renewable Energy Complex, advance the Final Investment Decision (FID) for the waste-plastics-to-fuels facility, and repay the balance of a convertible note. This follows an earlier strategic capital infusion in July 2025, where Houston American Energy Corp. secured a $5 million Convertible Note from an institutional investor to fund a portion of the $8.5 million Cedar Port site acquisition. Furthermore, the relationship with its largest strategic investor was strengthened via a recently announced debt restructuring agreement.

Here's a quick look at the capital structure context surrounding these relationships as of September 30, 2025:

Financial Metric (Preliminary, Q3 2025)	Amount
Gross Proceeds from Nov 2025 Offering	$8.0 million
Preliminary Cash and Cash Equivalents	Approximately $1.5 million
Preliminary Total Debt	Approximately $11.0 million
Preliminary Goodwill (Post-Acquisition)	Approximately $13.0 million

Transactional relationships with oil and gas purchasers for commodity sales

While the strategic focus has shifted, Houston American Energy Corp. maintains its historical roots in conventional energy, which implies transactional relationships with oil and gas purchasers. The company noted its historical focus on exploration and production, including operations at the State Finkle Unit wells. However, specific 2025 sales volumes, pricing terms, or the identity of the primary oil and gas purchasers are not detailed in the latest public announcements, which concentrate on the new low-carbon fuel platform.

Collaborative development with engineering and technology partners (Nexus PMG)

The development of the new circular economy assets relies heavily on specialized external expertise. The relationship with engineering and technology partners is a key operational customer/supplier dynamic. Houston American Energy Corp. formally appointed Nexus PMG as its Engineering and Service provider on August 18, 2025. Nexus PMG is tasked with supporting the development of the Plastics Recycling Facility and Innovation Hub at the Cedar Port site.

This collaborative structure extends to construction and design, where Houston American Energy Corp. engaged Corvus Construction Company, Inc. under a Design-Build Agreement for the infrastructure development, including the Abundia Innovation Center and R&D Facility. The targeted completion for this foundational Phase One is Q2-2026.

Key development partners include:

• Nexus PMG: Engineering and project de-risking services.
• Corvus Construction Company, Inc.: Design and construction partner.
• Powers Brown Architecture: Architectural services.
• BNI Engineers: Structural design leadership.

High-touch, investor relations focus due to the transformative business model shift

Given the significant shift from conventional E&P to waste-plastics-to-low-carbon-fuels, Houston American Energy Corp. has clearly prioritized high-touch communication with its shareholder base to explain the new roadmap. This is a relationship-building effort to maintain confidence during the transition period. The Company hosted its inaugural investor fireside chat on September 17, 2025, in partnership with Water Tower Research.

The CEO, Ed Gillespie, used this platform to detail the transformation, covering foundational milestones such as the July 2025 site acquisition and key technology arrangements. This focus on direct dialogue is necessary, especially when preliminary Q3 2025 operating expenses rose by $2.7 million compared to Q2 2025, reflecting integration costs post-acquisition. The market valued the company at approximately $192 million shortly after the November capital raise news.

Investor engagement activities in late 2025 included:

• Inaugural investor fireside chat with Water Tower Research on September 17, 2025.
• Filing of a prospectus supplement on November 21, 2025, for the registered direct offering.
• Setting the record date for the 2025 annual stockholders meeting as November 13, 2025, with the meeting scheduled for December 16, 2025.

Houston American Energy Corp. (HUSA) - Canvas Business Model: Channels

You're looking at how Houston American Energy Corp. (HUSA) gets its product and capital to market as of late 2025. It's a mix of legacy production and aggressive moves into the circular economy space.

Direct sales of oil and natural gas production to midstream and refinery customers

The traditional channel involves selling the output from their conventional assets. For the year ended December 31, 2024, production in Reeves County was 3,468 barrels of oil and 53,476 mcf of natural gas. Production from new wells that EOG, the operator, drilled on the Finkle State Unit was anticipated to start in March, 2025. The company's preliminary, unaudited total operating expenses for the third quarter 2025 were expected to be approximately $3.8 million.

Here's a snapshot of the capital raising channel, which directly impacts the ability to fund operations and development:

Financing Event/Metric	Date/Period	Amount/Value
Gross Proceeds from Registered Direct Offering	November 2025	$8.0 million
Shares Sold in Offering	November 2025	2,285,715 shares
Price Per Share in Offering	November 2025	$3.50 per share
Preliminary Cash & Equivalents (Post-Q3)	September 30, 2025	Approximately $1.5 million
Shares Outstanding (Pre-Split Reference)	February 21, 2025	15,686,533

Offtake agreements for low-carbon fuels and chemical feedstocks (future channel)

Houston American Energy Corp. is actively building out its renewable fuels channel, largely through its subsidiary AGIG, acquired in July 2025. This platform focuses on converting waste plastics and biomass into low-carbon fuels and chemical feedstocks. A key step in securing the sales channel for these future products was the binding Term Sheet signed with BTG Bioliquids on October 21, 2025, to develop Sustainable Aviation Fuel (SAF) projects, which included finalizing the development consortium for offtake.

The company is advancing its plastics-to-fuel and renewable chemicals platform at the Cedar Port site in Baytown, Texas. The focus is on upgrading Fast Pyrolysis Bio-Oil (FPBO) into high-value biofuels and SAF.

• Acquisition of Abundia Global Impact Group (AGIG) completed in July 2025.
• Binding Term Sheet signed with BTG Bioliquids on October 21, 2025.
• The goal is to produce Fast Pyrolysis Bio-Oil (FPBO) from woody biomass waste streams.
• The company's preliminary, unaudited goodwill as of September 30, 2025, was approximately $13.0 million.

NYSE American stock exchange for public equity financing (HUSA ticker until December 8, 2025)

The primary channel for public equity financing is the NYSE American stock exchange, trading under the ticker HUSA. The company executed a registered direct offering in November 2025, raising $8.0 million gross proceeds by selling 2,285,715 shares at $3.50 per share. This followed a 1-for-10 reverse stock split effective June 6, 2025, which reduced outstanding shares from approximately 15.7 million to 1.57 million. The 2025 annual meeting of stockholders was scheduled for December 16, 2025.

Corporate press releases and SEC filings for investor communication

Investor communication relies heavily on official regulatory filings and timely press releases. The company filed a prospectus supplement dated November 19, 2025, with the SEC on November 21, 2025. The preliminary, unaudited results for the third quarter ended September 30, 2025, were announced on November 10, 2025. The company's Form 10-K for the year ended December 31, 2024, disclosed prior production figures.

Key dates for investor documentation include:

• Prospectus Supplement filing date: November 19, 2025.
• Form 8-K reporting material event filed: November 25, 2025.
• Deadline for shareholder proposals for the 2025 meeting: close of business on November 24, 2025.
• The Form S-3 shelf registration statement became effective on November 3, 2025.

Houston American Energy Corp. (HUSA) - Canvas Business Model: Customer Segments

You're looking at the customer base for Houston American Energy Corp. (HUSA) as it rapidly transitions its focus following the July 2025 acquisition of Abundia Global Impact Group (AGIG). The customer segments reflect a dual strategy, balancing legacy energy interests with a new, high-growth cleantech platform.

Institutional and accredited investors seeking exposure to energy transition and cleantech

This segment is crucial, as they provide the capital necessary to fund the transformation. Houston American Energy Corp. successfully completed a registered direct offering in November 2025, raising gross proceeds of approximately $8 million at $3.50 per share. This financing was explicitly supported by a group of Tier-1 institutional investors, signaling strong market confidence in the shift toward circular fuels and renewable energy production. The company's alignment with the renewable energy transition and ESG (Environmental, Social, Governance) trends makes it a target for funds managing over $40 trillion globally, according to some market analysis. The company's market capitalization stood at $79.01M as of late 2025, which is the valuation base for these investors.

Purchasers of crude oil and natural gas from Permian Basin assets

This represents the legacy customer base, providing foundational, albeit limited, revenue streams to help fund the pivot. Historically, Houston American Energy Corp.'s core business involved oil and gas exploration and production, with principal properties in the U.S. Permian Basin and the Louisiana U.S. Gulf Coast region. The company holds a very small working interest, approximately 0.0078, in the State Finkle Unit wells in Reeves County, Texas. Production from these wells commenced, with first royalty revenue received in September 2025. For the trailing twelve months ending around March 2025, the reported revenue from these traditional operations was very limited, at just $560,000, alongside over $8 million in net losses for that fiscal year. The preliminary total revenue for the third quarter of 2025 was $0.23 million (or $230,000).

Industrial partners and chemical companies requiring low-carbon feedstocks (future segment)

This segment is the primary target for the output from the new plastics recycling facility at Cedar Port Industrial Park in Baytown, Texas. The proprietary pyrolysis technology converts waste plastics into high-value drop-in fuels, chemicals, and Sustainable Aviation Fuel (SAF). The Gulf Coast facility's location provides logistical advantages and proximity to key buyers. The company is positioning itself to capitalize on the multi-billion-dollar market for these low-carbon alternatives. The future customer base includes:

• Airlines demanding Sustainable Aviation Fuel (SAF).
• Chemical manufacturers needing low-carbon chemical feedstocks.
• Industrial partners requiring high-value drop-in fuels.

The execution risk here is high, as success hinges on securing long-term supply agreements with these industrial buyers. The preliminary, unaudited cash and cash equivalents as of September 30, 2025, was approximately $1.5 million, which must sustain development until these new revenue streams materialize.

Environmental infrastructure and waste management firms

While these firms are primarily feedstock suppliers rather than direct customers purchasing finished products, they are a critical segment of the new value chain ecosystem. Houston American Energy Corp. requires a steady supply of waste plastics to feed the AGIG pyrolysis process. The Cedar Port facility is central to this, and the company is focused on leveraging the region's infrastructure. The preliminary, unaudited total operating expenses for Q3 2025 were expected to be approximately $3.8 million, reflecting the operating costs and integration of this new infrastructure focus. The ability to secure cost-efficient feedstock from waste management partners directly impacts the profitability of the final products sold to the industrial partners mentioned above.

Customer Segment Focus	Primary Activity/Product	Relevant Financial/Statistical Data Point (Late 2025)
Institutional Investors	Funding the Cleantech Pivot	Completed $8 million registered direct offering in November 2025.
Oil & Gas Purchasers	Royalty Income from Legacy Assets	HUSA holds approx. 0.0078 working interest in State Finkle Unit.
Industrial Partners/Chemical Firms	Offtake for Low-Carbon Fuels/Chemicals	Proximity to Gulf Coast petrochemical infrastructure for SAF/feedstock sales.
Waste Management Firms	Supply of Plastic Waste Feedstock	Q3 2025 operating expenses of approx. $3.8 million reflect integration costs.

Houston American Energy Corp. (HUSA) - Canvas Business Model: Cost Structure

Preliminary, total operating expenses for the third quarter 2025 are expected to be approximately $3.8 million. This represents an increase of $2.7 million compared to the second quarter 2025.

Interest expense is calculated against total debt, which was estimated at approximately $11.0 million to $11.5 million as of September 30, 2025.

The cost structure reflects significant investment in integration following the July 1, 2025 acquisition. General and administrative (G&A) costs are part of the combined organization's operating expenses.

Key cost-related and balance sheet figures as of September 30, 2025, are detailed below:

Cost/Balance Component	Preliminary Amount (USD)
Total Operating Expenses (Q3 2025 Estimate)	Approximately $3.8 million
Total Debt (Estimated)	$11.0 million to $11.5 million
Goodwill (Estimated)	Approximately $13.0 million
Land Asset (Estimated)	Approximately $8.6 million
Cash and Cash Equivalents (Estimated)	Approximately $1.5 million

Capital expenditures are being directed toward physical development initiatives:

• Completion of acquisition of 25-acre site in Cedar Port, Baytown, TX.
• Breaking ground on the AGIG Innovation Hub and R&D Center at Cedar Port.

Costs associated with oil and gas exploration and development are ongoing, with management continually evaluating lease acquisitions and farm-in partnerships to bolster the asset portfolio.

Additional financial activity impacting the cost/funding structure includes:

• A November 2025 registered direct offering generating gross proceeds of $8.0 million before fees.
• Restructuring of senior secured convertible note debt in November 2025.

Houston American Energy Corp. (HUSA) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of Houston American Energy Corp. (HUSA) as it pivots hard into renewables while still holding onto legacy assets. The revenue streams are currently a mix of small, existing income and significant capital raises intended to fund the future business.

The most immediate, though small, operating revenue comes from the traditional oil and gas side. This is royalty and working interest income from legacy production, specifically the State Finkle Unit wells in Reeves County, Texas. Houston American Energy Corp. holds a very small 0.0078 working interest in six wells in the Wolfcamp formation, operated by EOG Resources. The company announced receiving its first royalties from these wells in September 2025. Honestly, this income is currently more strategic than material, designed to help fund the transformation.

The actual operating revenue from this legacy business appears minimal based on preliminary data. Preliminary Q3 2025 oil and gas revenue was only $225.7k.

To give you a sense of scale, here's a look at the capital event that is currently overshadowing the operating revenue:

Financial Event	Registered Direct Offering (November 2025)
Gross Proceeds	Approximately $8 million
Price Per Share	$3.50
Shares Issued	2,285,715 shares
Placement Agent	A.G.P./Alliance Global Partners

This $8 million is capital, not operating revenue, but it's crucial because it directly fuels the next set of potential revenue streams. The net proceeds are earmarked to advance the Final Investment Decision (FID) for its first commercial waste-plastics-to-fuels facility, complete Phase 1 of the Cedar Port Renewable Energy Complex in Baytown, Texas, and repay a convertible note balance.

Future revenue is entirely dependent on successfully executing the transition, which is why the capital raise was so important. The company, which announced a planned name change to "Abundia Global Impact Group Inc." on November 25, 2025, is banking on these new ventures:

• Revenue from the sale of low-carbon fuels.
• Revenue from the sale of chemical feedstocks.
• Income from the scaled operations at the Cedar Port Renewable Energy Complex.
• Potential revenue from biomass to liquid fuels and sustainable aviation fuel development, following a binding term sheet executed with BTG Bioliquids B.V.

The entire business model hinges on these future streams replacing the small, legacy oil and gas income. Finance: draft 13-week cash view by Friday.