- Houston American Energy (NYSEMKT:HUSA) says it cancelled plans to acquire a 12.5% stake in Tamboran Resources after the Australian company failed to meet certain closing conditions.
- HUSA says the reallocation of funds earmarked for the Tamboran investment will enhance its "pursuit of opportunities offering more immediate potential for creation of shareholder value," including a re-evaluation of its halted operations in Colombia in light of the recent peace accord between the government and FARC rebels.