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Because they are more arboreal than giant anteaters, tamanduas and silky anteaters feed mostly on ants and termites that nest in trees.
On March 1, 2012, Houston American announced delays in drilling the Tamandua #1 well and that results of further evaluation of the well's C7 and C9 formations would be announced as soon as they are available.
The Company also announced that efforts are commencing to move the drilling rig from the Tamandua #1 well site to the location of the next prospect on the CPO 4 block.
The Company is currently eagerly awaiting the final results of the testing of the Tamandua #1 well and will announce the results as soon as they are available.
HOUSTON, March 23, 2012 /PRNewswire/ --Houston American Energy Corp (NYSE Amex: HUSA) today announced that testing is underway on the Tamandua #1 sidetrack well in Colombia.
Specifically, the Complaint alleges that defendants made materially false and misleading statements, and/or failed to disclose adverse material facts concerning the commercial viability of its Tamandua #1 oil and gas well in Colombia, and the well's C7 and C9 formations.
Subsequently, and as of March 1, 2012, the Tamandua #1 sidetrack well had a 7 inch liner run to 13,913 feet and was drilled to total depth ("TD") at 15,562 feet.
Specifically, the complaint alleges that defendants' made false and/or misleading statements and/or failed to disclose that (1) the continued investment in testing and completing the C7 and C9 formations in Tamandua #1 well was unproductive and not commercially viable; (2) Houston American lacked adequate internal and financial controls; and (3) as a result of the foregoing, Houston American's statements were materially false and misleading at all relevant times.
The first well to be drilled by this drilling rig is the Tamandua #1, and the well will be drilled to a total measured depth of approximately 16,000' to test numerous potential pay intervals.
MBR operates four mines -- Pico, Tamandua, Capao Xavier and Jangada -- in the Iron Quadrangle region in the state of Minas Gerais, Brazil, and has a maritime terminal at Guaiba, state of Rio de Janeiro, Brazil.
Detailed work is also in progress at the Tamandua North and Jacobina target areas.
HOUSTON, March 16, 2012 /PRNewswire/ --Houston American Energy Corp (NYSE Amex: HUSA) today provided an update on the status of the Tamandua #1 well and addressed the Company's status in light of various unfounded rumors.
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