The
company
said
on
Thursday
that
its
Cachirre
#1
well,
spud
last
month,
hit
a
total
measured
depth
of
9486
feet.
Houston
American
said
its
two
partners
in
the
well,
SK
Innovation
and
Gulf
United
Energy,
have
both
"elected
to
cease
testing
the
Cachirre
#1
well
and
therefore
would
propose
to
abandon
the
well
at
this
point
in
time".
"Houston
American
Energy
disagrees
with
this
decision"
and
plans
to
test
the
C-9
sand
in
the
well
at
its
"sole
risk",
although
it
has
deemed
the
other
objective
sands
in
the
well
"to…
