SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

       Date of report (Date of earliest event reported):  March 17, 2008


                         HOUSTON AMERICAN ENERGY CORP.
                        -------------------------------
               (Exact name of registrant as specified in Charter)


          Delaware                    1-32955             76-0675953
    ---------------------           -----------       ------------------
(State or other jurisdiction of     (Commission        (IRS Employer
 incorporation or organization)       File No.)       Identification No.)


                         801 Travis Street, Suite 1425
                              Houston, Texas 77002
               --------------------------------------------------
               (Address of Principal Executive Offices)(Zip Code)


                                  713-222-6966
                           -------------------------
                           (Issuer Telephone number)

       -----------------------------------------------------------------
         (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



Item 7.01.     Regulation FD Disclosure.

On March 17, 2008, Houston American Energy Corp. (the "Company") issued a press
release announcing the execution by Hupecol Caracara LLC of a Purchase and Sale
Agreement pursuant to which all of the Company's interest in the Caracara
Association Contract is to be sold.  The press release is attached to this
Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein solely for
purposes of this Item 7.01.

The information set forth in this Item 7.01, including Exhibit 99.1, is
furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities under that section, nor shall
such information be deemed incorporated by reference in any filing under the
Securities Act, or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.

Item 9.01.     Financial Statements and Exhibits.

        (c)    Exhibits

               99.1     Press release dated March 17, 2008

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                               HOUSTON AMERICAN ENERGY CORP.

Dated:  March 17, 2008
                                       By:     /s/ John Terwilliger
                                               John Terwilliger,
                                               President and
                                               Chief Executive Officer