Houston American Energy Corp. announced a pivotal step towards a transformation into an integrated energy and technology company with the signing of two non-binding Letters of Intent to acquire Abundia Global Impact Group LLC (AGIG) and RPD Technologies (RPD). These proposed acquisitions comprise a comprehensive strategy aimed at driving shareholder value through diversification and innovation in the energy transition sector.
“We believe the potential value created by the combination of these companies is exciting,” stated Peter Longo, Chief Executive Officer of HUSA. “RPD brings years of technical experience and an established revenue stream from engagements with some of the world’s leading petrochemical companies. This, combined with the strategy developed by AGIG through its renewable and recycling suite of technology solutions represents a truly synergistic proposition. The planned co-location of these companies at AGIG’s recently announced Cedar Port, Houston site will provide a platform for seamless collaboration, optimized resources, and economies of scale.”
The AGIG Transaction:
HUSA has entered into a Letter of Intent to acquire 100% of the membership interests of Abundia Global Impact Group LLC. The details of this transaction are currently under negotiation with terms expected to be finalized by the first quarter of 2025.
Ed Gillespie, Chief Executive Officer of AGIG, added, “Partnering with RPD and HUSA will provide us with an experienced technical team while also deepening our access to capital markets. The combined resources and expertise of the companies will further enhance our ability to accelerate the commercialization of our technologies, creating meaningful value for our stakeholders.”
The Letter of Intent is non-binding and subject to customary due diligence.
The RPD Transaction:
HUSA has entered into a Letter of Intent to acquire 100% of RPD’s membership interests in a debt free transaction with terms that extend over a three-year period.
The Letter of Intent is non-binding and subject to customary due diligence.
RPD Technologies commented, “Joining forces with HUSA and Abundia Global Impact Group would mark an exciting new chapter for RPD. Our planned relocation to the Cedar Port Industrial Park will enable us to support larger, more complex projects for our clients. The shared location and associated operational efficiencies will allow us to deliver expanded services while creating added value for our customers.”
The Strategic Vision
This announcement follows HUSA’s recent $2.5 million private placement, closed in November 2024, and underscores the Company’s commitment to strategic growth under new leadership. These acquisitions will represent an important phase in HUSA’s long-term strategy to diversify its portfolio and expand its global footprint. By combining the technical expertise of RPD with AGIG’s renewable solutions, HUSA will be well positioned to deliver sustainable growth and redefine its role in the energy transition sector.
“We have a long history in the oil & gas arena. I am honored to help drive shareholder value as we embark on this new period of growth for HUSA,” stated Peter Longo, “The demand for all forms of energy is only growing, creating opportunities across oil & gas, renewable energy, and energy transition technologies. We remain committed to unlocking new opportunities for innovation and growth to the benefit of the company and its shareholders.”
