Houston Energy initiated its Deepwater Exploration program in November, 2004. Our successes include: Santa Cruz and Santiago discoveries (anticipated first oil May, 2012) and Pegasus Field GC385. Currently we are drilling SOB 2 prospect and are planning to drill Marmalard and Big Bend Prospects in the 2nd and 3rd quarters, 2012. Houston Energy’s prospect inventory consists of 10 High-Quality Prospects on 37 Leasehold Blocks.
HE licenses 8040 sq. miles of PSTM/PSDM aKirchhoff 3-D seismic data with AVO attributes and 4950 sq miles of Wide Azimuth (WAZ) PSDM aKirchhoff and RTM 3-D seismic data.