Investor Presentaiton

Colombia Overview¹ HUSA's concessions are all operated by Hupecol Operating, LLC,2 a privately held E&P company with offices in Bogota, Colombia and Houston, Texas Hupecol operates significant production and gathering facilities in Colombia and domestically in the U.S. Hupecol has an extensive staff of regional managers, geologists, petroleum engineers and geophysical professionals Since 2003 HUSA has participated in 123 wells with Hupecol with a 67% completion success rate and has monetized assets realizing $69.9 million in after tax gross proceeds which equates to an ROI of 2.8X 1. 2. 12 77 75° 73° 71° Caribbean Sea Santa Marta Massif 10% Panama Lower Magdalena Valley 2 North Pacific Ocean Central Cordillera Suture Cauca omeral Western Cord Pacific Basin Cesar agdalena V Eastern Cordillera Guajira Bagin Llanero Suture Putumayo Basin Maracaibo Basin Merida Andes 69 Weet Barinas Basin Llanos Basin HUSA Guyana Shield Amazon Basin L In Colombia our operator is continuing to carry on discussions with federal and local officials in order to overcome opposition to their efforts to secure necessary permits to commence drilling operations on our Serrania concession. Until a satisfactory resolution is reached allowing the issuance of necessary permits, substituting equivalent prospects or otherwise compensating for the value of, and investments in, our Serrania concession, our operator is continuing to defer further efforts to commence drilling on the Serrania concession. Hughes Petroleum Colombia (Hupecol) owned by Dan A. Hughes Company, L.P. Source: www.dahughes.net 200 Km houston american 13

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