John F. Terwilliger has tendered his resignation as Chairman, Chief Executive Officer, President and a Director of Houston American Energy Corp., effective April 23, 2015. Effective April 23, 2015, John P. Boylan was appointed as Chairman, Chief Executive Officer and President of the Company. Mr. Boylan has served as a director, and chair of the audit and compensation committees, of the Company since 2006.

Since 2008, Mr. Boylan has owned and operated EJC Ventures, LP. On April 23, 2015, the company's board appointed Roy Jageman as a director. Mr. Jageman is expected to be appointed to the company's audit committee and compensation committee.

Since 2013, Mr. Jageman has been a private investor and consultant to the energy industry. From 2010 to 2013, Mr. Jageman served as executive vice president and chief financial officer of Plantation Petroleum Companies. Previously, Mr. Jageman served as a co-founder and chief financial officer of Ranger Gas Storage, LLC, from 2006 to 2010, and as executive vice president and chief financial officer of Encore Acquisition Company, from 2003 to 2005.