Houston American Energy Corp. announced that it has leased to a third party operator its interest in mineral acreage in East and West Baton Rouge Parishes in Louisiana. The leased acreage covers 743.94 gross acres (174.26 acres net to HUSA's interest) out of a larger 2,485 gross acre block (582.42 acres net to HUSA's interest). The larger block is the site of HUSA's Crown Paper #1 well. Pursuant to the terms of the lease, the operator has paid a lease bonus of $600 per acre, or $104,616 to HUSA. The lease is subject to a 22.5% royalty, which royalty interest is subject to production and ad valorem taxes but is not burdened by other costs. As a result, HUSA will have an approximate 5.27% cost free interest, other than taxes, in all wells drilled exclusively on the leased acreage. The operator/lessee has indicated that it plans to drill an initial well on the leased acreage to test the Lower Tuscaloosa Formation below 19,000 ft. The Tuscaloosa Formation has been characterized by thick multiple intervals with long life production. Other Lower Tuscaloosa fields in the area are Port Hudson, Alsen, Irene, South Irene and Profit Island.