Houston American Energy's 15min chart shows KDJ Golden Cross, Bullish Marubozu pattern.
ByAinvest
Thursday, Sep 25, 2025 2:32 pm ET1min read
HUSA--
The State Finkle Unit is located in the Wolfcamp formation in Reeves County, Texas. EOG Resources acts as the operator and principal working interest owner. HUSA holds approximately 0.0078 working interest in the unit. The unit is expected to provide ongoing royalty income over the life of the wells, reinforcing HUSA's strategy of leveraging legacy oil and gas interests to fund its transition into renewables [2].
This development comes as HUSA is actively expanding into high-growth segments of the energy industry, including renewable energy. In July 2025, HUSA acquired AGIG, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA's broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions [2].
Financial analysts have noted that the revenue from the State Finkle Unit wells will serve to help fund HUSA's transformation from an oil and gas exploration company into a global leader in the renewable energy space. The company's CEO, Ed Gillespie, stated, "It is great to see that the funds invested in these wells have started delivering a return for the shareholders. The revenues will serve to help fund the Company’s transformation from an oil and gas exploration company into a global leader in the renewable energy space, demonstrating how our traditional operations can help fund and support that transition" [2].
The announcement of the first revenue from the State Finkle Unit wells coincides with a notable technical indicator in HUSA's stock price. The company's 15-minute chart has triggered a KDJ Golden Cross and a Bullish Marubozu formation at 09/25/2025 14:30, indicating a shift in momentum towards the upside and potential for further price appreciation .
Investors should be aware that forward-looking information, including statements about revenue from the State Finkle Unit, is subject to risks and uncertainties. These include risks related to the company's current liquidity position, the ability to continue as a going concern, and the ability to maintain the listing of its common stock on NYSE American [2].
Houston American Energy's 15-minute chart has triggered a KDJ Golden Cross and a Bullish Marubozu formation at 09/25/2025 14:30. This indicates a shift in momentum towards the upside, with the potential for further price appreciation. The dominance of buyers in the market suggests continued bullish momentum.
Houston American Energy Corp. (HUSA), listed on the NYSE American, has reported its first revenue from the State Finkle Unit wells, marking a significant milestone for the company. On September 25, 2025, HUSA and Abundia Global Impact Group (AGIG) announced that production from the six wells, each with approximately three-mile laterals, has commenced, with the first revenue received [1].The State Finkle Unit is located in the Wolfcamp formation in Reeves County, Texas. EOG Resources acts as the operator and principal working interest owner. HUSA holds approximately 0.0078 working interest in the unit. The unit is expected to provide ongoing royalty income over the life of the wells, reinforcing HUSA's strategy of leveraging legacy oil and gas interests to fund its transition into renewables [2].
This development comes as HUSA is actively expanding into high-growth segments of the energy industry, including renewable energy. In July 2025, HUSA acquired AGIG, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA's broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions [2].
Financial analysts have noted that the revenue from the State Finkle Unit wells will serve to help fund HUSA's transformation from an oil and gas exploration company into a global leader in the renewable energy space. The company's CEO, Ed Gillespie, stated, "It is great to see that the funds invested in these wells have started delivering a return for the shareholders. The revenues will serve to help fund the Company’s transformation from an oil and gas exploration company into a global leader in the renewable energy space, demonstrating how our traditional operations can help fund and support that transition" [2].
The announcement of the first revenue from the State Finkle Unit wells coincides with a notable technical indicator in HUSA's stock price. The company's 15-minute chart has triggered a KDJ Golden Cross and a Bullish Marubozu formation at 09/25/2025 14:30, indicating a shift in momentum towards the upside and potential for further price appreciation .
Investors should be aware that forward-looking information, including statements about revenue from the State Finkle Unit, is subject to risks and uncertainties. These include risks related to the company's current liquidity position, the ability to continue as a going concern, and the ability to maintain the listing of its common stock on NYSE American [2].
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