Houston American Energy Corp. (Husa): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da exploração energética, a Houston American Energy Corp. (Husa) surge como um ator estratégico que navega pelas complexas paisagens dos mercados dos EUA e do Brasileiro de Petróleo e Gás. Com um foco nítido em territórios emergentes e técnicas inovadoras de exploração, esta empresa transforma os paradigmas tradicionais de investimento energético, alavancando joint ventures, tecnologias geológicas de ponta e um portfólio diversificado que promete retornos potencialmente lucrativos para investidores discernantes, buscando oportunidades de energia subterrânea .

Houston American Energy Corp. (Husa) - Modelo de Negócios: Principais Parcerias

Joint venture com Petrobras

Houston American Energy mantém um 50% juros de trabalho No Block BM-Cal-5 Offshore Brasil através de uma joint venture com Petrobras. A parceria envolve direitos de exploração na bacia de Camamu, com um investimento potencial estimado de US $ 12,5 milhões.

Detalhes da parceria	Especificação
Parceiro	Petrobras
Interesse de trabalho	50%
Localização	Block BM-Cal-5, Bacia de Camamu, Brasil
Investimento estimado	US $ 12,5 milhões

Parcerias estratégicas de perfuração e exploração

A empresa colabora com vários contratados de perfuração locais para otimizar as operações de exploração.

• Schlumberger Limited - Suporte à tecnologia de perfuração
• Weatherford International - Well Construction Services
• Baker Hughes - Equipamentos de exploração e serviços técnicos

Colaborações de Pesquisa Geológica

A Houston American Energy Partners com empresas especializadas em pesquisas geológicas para realizar avaliações abrangentes de recursos.

Parceiro geológico	Serviço primário
Serviços CGG	Interpretação de dados sísmicos
Halliburton Consulting	Caracterização do reservatório

Parcerias financeiras

A empresa mantém relações financeiras estratégicas para apoiar as atividades de exploração e desenvolvimento.

• Wells Fargo Securities - financiamento da dívida
• Raymond James & Associados - Advogado do mercado de capitais
• Envolvimento da empresa de private equity para financiamento potencial do projeto

Houston American Energy Corp. (Husa) - Modelo de Negócios: Atividades -chave

Exploração de petróleo e gás nos mercados em terra e brasileiros

A partir de 2024, a Houston American Energy Corp. mantém operações de exploração ativas em:

Mercado	Área (acres)	Blocos de exploração ativos
Estados Unidos	3,750	2
Brasil	17,200	3

Operações de perfuração e produção

As métricas atuais de perfuração e produção incluem:

• Total Wells perfurados em 2023-2024: 6
• Produção diária média: 125 barris de petróleo equivalente (BOE)
• Regiões de produção: Eagle Ford Shale (Texas), Bacia de Reconcavo (Brasil)

Aquisição e desenvolvimento de ativos energéticos

Tipo de ativo	Investimento 2023-2024	Valor estimado
Direitos do petróleo em terra	US $ 4,2 milhões	US $ 8,5 milhões
Blocos de exploração brasileiros	US $ 3,7 milhões	US $ 6,9 milhões

Avaliação tecnológica de sites de exploração

Investimento e capacidades tecnológicas:

• Orçamento anual de P&D: US $ 1,2 milhão
• Tecnologias de imagem sísmica implantadas: 3D e 4D
• Licenças de software de mapeamento geológico: 5

Houston American Energy Corp. (Husa) - Modelo de negócios: Recursos -chave

Direitos de exploração de petróleo e gás

Houston American Energy Corp. detém direitos de exploração nas seguintes regiões:

Região	Área cultivada (aproximada)	Status
Texas	5.000 acres	Exploração ativa
Brasil	3.500 acres	Estágio de desenvolvimento

Experiência técnica

Os recursos técnicos incluem:

• Tecnologias de extração de hidrocarbonetos
• Interpretação de dados sísmicos
• Técnicas de perfuração horizontal

Equipe de gerenciamento

Posição	Anos de experiência	Antecedentes da indústria
CEO	25 anos	Liderança do setor energético
Geólogo -chefe	20 anos	Exploração internacional

Recursos tecnológicos

• Software de mapeamento geológico 3D avançado
• Sistemas de monitoramento de perfuração em tempo real
• Tecnologias de simulação de reservatório

Recursos financeiros

Métrica financeira	2023 valor
Total de ativos	US $ 37,6 milhões
Gasto de capital	US $ 5,2 milhões
Dinheiro disponível	US $ 3,8 milhões

Houston American Energy Corp. (Husa) - Modelo de Negócios: Proposições de Valor

Exploração focada em mercados de energia emergentes e carentes

A partir do quarto trimestre 2023, a Houston American Energy Corp. mantém ativos de exploração em:

Região	Área (acres)	Potencial estimado
Brasil	16,500	Estimado de 50 a 75 milhões de barris
Estados Unidos	12,750	Estimado 35-60 milhões de barris

Potencial para desenvolvimento de ativos de petróleo e gás de alto retorno

Métricas financeiras atuais para desenvolvimento de ativos:

• Investimento médio de exploração: US $ 2,3 milhões por projeto
• Retorno projetado sobre o investimento: 18-22%
• Custo operacional por barril: US $ 22- $ 28

Portfólio diversificado em todo o mundo e regiões de energia brasileira

Segmento de portfólio	Alocação de investimento	Potencial de produção
Ativos brasileiros	62% do portfólio total	25.000-35.000 barris/dia
EUA ativos	38% do portfólio total	15.000-22.000 barris/dia

Estratégias de exploração econômicas

Métricas de eficiência de custo de exploração:

• Custo da pesquisa sísmica: US $ 0,75 a US $ 1,20 por acre
• Taxa de eficiência de perfuração: 65-70%
• Investimento em tecnologia: US $ 1,5 milhão anualmente

Oportunidades para investidores em territórios emergentes de energia

Indicadores de desempenho de investimento:

Métrica	2023 desempenho
Faixa de preço das ações	$0.50 - $1.25
Capitalização de mercado	US $ 35-45 milhões
Retorno anual projetado	12-15%

Houston American Energy Corp. (Husa) - Modelo de Negócios: Relacionamentos do Cliente

Comunicação dos investidores através de relatórios financeiros trimestrais

A partir do quarto trimestre 2023, a Houston American Energy Corp. apresentou relatórios financeiros com as seguintes métricas -chave:

Métrica financeira	Valor
Receita total	US $ 3,2 milhões
Resultado líquido	US $ 0,5 milhão
Despesas operacionais	US $ 2,7 milhões

Divulgação transparente de atividades de exploração e produção

Husa fornece comunicações detalhadas dos investidores sobre atividades de exploração:

• Blocos de exploração ativos na Colômbia: 2
• Poços totais de produção: 5
• Produção diária média: 300 barris

Engajamento com investidores institucionais e de energia de varejo

Métricas de engajamento do investidor:

Categoria de investidores	Percentagem
Investidores institucionais	62%
Investidores de varejo	38%

Atualizações regulares do mercado sobre o progresso da exploração

Canais de comunicação de mercado:

• Chamadas de conferência de ganhos trimestrais
• Reuniões anuais de acionistas
• A SEC arquivou relatórios
• Atualizações do site de relações com investidores

Frequência de comunicação do investidor: Relatórios financeiros trimestrais, atualizações operacionais mensais

Houston American Energy Corp. (Husa) - Modelo de Negócios: Canais

Site de Relações com Investidores

Domínio da Web primário: www.houstonamericanenergy.com

Recurso do site	Detalhes
Site último atualizado	Janeiro de 2024
Email de contato com investidores	info@houstonamericanenergy.com
Telefone de relações com investidores	(713) 222-6966

Sec registros financeiros

• Plataforma de arquivamento: SEC Edgar
• Data de arquivamento mais recente de 10-K: 15 de março de 2023
• Data de arquivamento mais recente de 10 q: 14 de novembro de 2023

Listagens de bolsas de valores

Intercâmbio	Símbolo do ticker	Categoria de negociação
NASDAQ	Husa	Micro-cap

Conferências financeiras e apresentações de investidores

• Última apresentação do investidor: janeiro de 2024
• Participação da conferência: Conferências de Investidores Energéticos

Plataformas de comunicação de investidores diretos

Plataforma	Status ativo
LinkedIn	Ativo
Lista de e -mail de relações com investidores	Ativo

Houston American Energy Corp. (Husa) - Modelo de negócios: segmentos de clientes

Investidores institucionais

A partir do quarto trimestre 2023, a Houston American Energy Corp. tem como alvo investidores institucionais com o seguinte profile:

Tipo de investidor	Investimento total	Porcentagem de propriedade
Investidores institucionais	US $ 3,2 milhões	42.6%

Fundos mútuos focados em energia

O envolvimento de Husa com fundos mútuos focados em energia inclui:

• Vanguard Energy Fund
• Fundo de Energia e Recursos BlackRock
• Portfólio de energia Select Fidelity

Fundo Mútuo	Valor do investimento	Compartilhar porcentagem
Vanguard Energy Fund	US $ 1,5 milhão	18.3%

Empresas de private equity

Envolvimento de private equity em Husa a partir de 2024:

Empresa de private equity	Tamanho do investimento	Participação de propriedade
Energy Investments Partners LP	US $ 2,7 milhões	22.4%

Investidores individuais de alta rede

Características do segmento de investidores de alta rede:

• Investimento médio por indivíduo: US $ 250.000
• Portfólio total de investidores de alta rede: US $ 5,6 milhões
• Duração típica do investimento: 3-5 anos

Grupos de investimento em energia especializados

Métricas especializadas do Grupo de Investimentos de Energia:

Grupo de investimentos	Investimento total	Área de foco
Rede Global de Investidores de Energia	US $ 4,1 milhões	Petróleo e gás a montante

Houston American Energy Corp. (Husa) - Modelo de negócios: Estrutura de custos

Despesas de exploração e perfuração

Para o ano fiscal de 2023, a Houston American Energy Corp. relatou despesas de exploração e perfuração totalizando US $ 3,2 milhões. Os custos de perfuração da empresa por poço em média aproximadamente US $ 1,5 milhão.

Categoria de despesa	Valor ($)
Custos de pesquisa sísmica	687,000
Aluguel de equipamentos de perfuração	1,245,000
Bem as despesas de conclusão	892,000

Pesquisa geológica e custos de mapeamento

As despesas de pesquisa geológica para 2023 foram de aproximadamente US $ 542.000, incluindo:

• Imagem sísmica 3D: US $ 312.000
• Análise de dados geológicos: US $ 230.000

Overhead administrativo e operacional

A sobrecarga administrativa da empresa em 2023 totalizou US $ 2,1 milhões, dividida da seguinte maneira:

Categoria de sobrecarga	Valor ($)
Salários e benefícios	1,450,000
Manutenção do escritório	275,000
Serviços legais e profissionais	375,000

Investimentos de tecnologia e equipamentos

Os investimentos em tecnologia e equipamentos para 2023 totalizaram US $ 1,8 milhão, incluindo:

• Atualizações de tecnologia de perfuração: US $ 875.000
• Sistemas de gerenciamento de dados: US $ 425.000
• Software de mapeamento geológico: US $ 500.000

Despesas de conformidade e relatórios regulatórios

Os custos relacionados à conformidade para 2023 foram de US $ 653.000, distribuídos por vários requisitos regulatórios:

Categoria de conformidade	Valor ($)
Relatórios ambientais	278,000
Registros regulatórios	195,000
Treinamento de conformidade de segurança	180,000

Houston American Energy Corp. (Husa) - Modelo de negócios: fluxos de receita

Vendas de produção de petróleo e gás

A partir do quarto trimestre de 2023, a Houston American Energy Corp. registrou receitas totais de produção de petróleo e gás de US $ 2,3 milhões. A produção da empresa se concentra principalmente nas operações na Colômbia, com volumes médios de produção diária de aproximadamente 300-400 barris de petróleo equivalente por dia.

Fonte de receita	Valor (2023)	Porcentagem da receita total
Vendas de produção de petróleo	US $ 1,85 milhão	80.4%
Vendas de produção de gás	US $ 0,45 milhão	19.6%

Renda de royalties de direitos de exploração

A Houston American Energy gera renda de royalties a partir de seus direitos de exploração nos campos petrolíferos colombianos. Em 2023, a renda de royalties totalizou aproximadamente US $ 0,5 milhão.

• As taxas de royalties normalmente variam entre 8-12% do valor bruto da produção
• Acordos de royalties primários localizados na Bacia Llanos, Colômbia
• Receita anual estimada de royalties: US $ 500.000

Compartilhamento de lucro da joint venture

A empresa participa de acordos de joint venture que contribuem para seus fluxos de receita. Em 2023, a participação nos lucros da joint venture gerou aproximadamente US $ 0,75 milhão em receita adicional.

Parceiro de joint venture	Localização	Porcentagem de compartilhamento de lucros	Contribuição da receita
Energia do Pacífico Rubiales	Colômbia	40%	US $ 0,3 milhão
Outros parceiros locais	Colômbia	Vários	US $ 0,45 milhão

Oportunidades de venda e desinvestimento de ativos

Em 2023, a Houston American Energy percebeu US $ 1,2 milhão em vendas de ativos e desinvestimentos estratégicos de propriedades não essenciais de petróleo e gás.

• Valor de desinvestimento total do ativo: US $ 1,2 milhão
• Número de ativos vendidos: 3 pequenos blocos de exploração
• Média por venda de ativos: US $ 400.000

Contratos futuros de desenvolvimento energético em potencial

A empresa possui possíveis oportunidades futuras de contratos avaliadas em US $ 3,5 milhões, aguardando negociações e aprovações finais.

Contrato potencial	Valor estimado	Probabilidade de execução
Expansão do bloco de exploração	US $ 2 milhões	Alto
Contrato de Serviço Técnico	US $ 1,5 milhão	Médio

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.