Symbol: HUSA
Price: 8.86
Open: 9.00
Today's High: 9.33
Today's Low: 8.75
Volume: 39986
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| El Porvenir Station - Colombia |
Background & Philosophy
The Company was incorporated in April 2001, for the purpose of engaging in
oil and gas exploration and production because the Company recognized the
opportunity that existed for smaller energy companies to participate in
large international projects that held the potential for significant
revenues and production. To date, the Company through it's affiliation with
Hupecol has been able to maintain a 75% success ratio in its international
concessions of Colombia, while keeping an extensive inventory of drilling
prospects.
Since the Company's inception it has focused on maintaining a low overhead
while utilizing the expertise and knowledge of outside consultants and
industry partners on an as needed basis. In addition, the Company has
maintained a very strong balance sheet in order to take advantage of
management's contacts to identify potential acquisition targets as they
arise. Generally speaking each of our exploration projects differs in scope
and character and consists of one or more types of assets, such as 3-D
seismic data, leasehold positions, lease options, working interest in
leases, partnership or limited liability company interest or other mineral
rights.
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