Item 8.01. Other Events.

On December 10, 2012, Houston American Energy Corp. (the "Company") issued a press release announcing that the Company had received notice from SK Innovation, operator on the Company's CPO 4 Block in Colombia, that it intends to plug and abandon the Zorro Gris #1 well. Following completion of the abandonment of the well, the drilling rig will be released. SK Innovation is currently in the process of acquiring its second proprietary 3-D seismic shoot on the CPO 4 block (approximately 135 square miles), which is anticipated to be completed in 2013. The Company is currently evaluating its future plans and alternatives regarding the CPO 4 block. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1.