SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-K/A

(MARK ONE)
[X]  ANNUAL  REPORT  UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
     1934

                  For the Fiscal Year Ended December 31, 2007

[ ]  TRANSITION  REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF  1934

          For the transition period from ____________ to _____________

                          Commission File No. 1-32955

                         HOUSTON AMERICAN ENERGY CORP.
              ---------------------------------------------------
              (Exact name of registrant specified in its charter)

            Delaware                                     76-0675953
--------------------------------------    ------------------------------------
(State or other jurisdiction of                       (I.R.S. Employer
 incorporation or organization)                     Identification No.)

              801 Travis Street, Suite 1425, Houston, Texas 77002
               --------------------------------------------------
               (Address of principal executive offices)(Zip code)

Issuer's telephone number, including area code:     (713) 222-6966

Securities registered pursuant to Section 12(b) of the Act:

                                          Name of each exchange on which
          Title of each class                  each is registered
     ------------------------------       ------------------------------
     Common Stock, $0.001 par value         The Nasdaq Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act:

                                      None
                                (Title of Class)
                                ----------------

       Indicate by check mark if the registrant is a well-known seasoned issuer,
as defined in Rule 405 of the Securities Act.
                                                                  [ ] Yes [X] No

       Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or 15(d) of the Exchange Act.
                                                                  [ ] Yes [X] No

       Indicate  by check mark whether the registrant: (1) has filed all reports
required  to  be  filed by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the  preceding  12  months  (or  for  such shorter period that the
registrant  was  required  to  file  such  reports); and (2) has been subject to
such filing requirements for the past 90 days.
                                                                  [X] Yes [ ] No

       Indicate  by  check  mark  if disclosure of delinquent filers pursuant to
Item  405  of Regulation S-K is not contained herein, and will not be contained,
to  the  best  of  registrant's  knowledge,  in  definitive proxy or information
statements  incorporated  by  reference  in  Part  III  of this Form 10-K or any
amendment  to  this  Form  10-K.
                                                                             [X]

       Indicate  by  check  mark  whether  the registrant is a large accelerated
filer,  an  accelerated  filer,  a non-accelerated filer, or a smaller reporting
company.  See  definition of "accelerated filer," "large accelerated filer," and
"smaller  reporting  company"  in  Rule  12b-2 of the Exchange Act.  (Check one)

  Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ]
                         Smaller  reporting  company [X]

       Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).
                                                                  [ ] Yes [X] No

       The  aggregate  market  value  of the voting and non-voting common equity
held  by non-affiliates of the registrant on June 29, 2007, based on the closing
sales  price  of  the  registrant's common stock on that date, was approximately
$59,142,658.  Shares  of common stock held by each current executive officer and
director  and  by  each  person known by the registrant to own 5% or more of the
outstanding  common  stock have been excluded from this computation in that such
persons  may  be  deemed  to  be  affiliates.

       The number of shares of the registrant's common stock, $0.001 par value,
outstanding as of February 29, 2008 was 27,920,172.

                      DOCUMENTS INCORPORATED BY REFERENCE

       Portions of the Company's Proxy Statement for its 2008 Annual Meeting are
incorporated by reference into Part III of this Report.


<PAGE>
                                EXPLANATORY NOTE

     This  Amendment No. 1 to the Annual Report on Form 10-K of Houston American
Energy Corp. (the "Company") amends the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 2007 (the "Original Filing"), which was filed
with  the  Securities  and Exchange Commission on March 28, 2008. The Company is
filing  this  Amendment  No.  1  for  the purpose of correcting the registration
statements listed in Exhibits 23.1 and 23.2 (the consents of Thomas Leger & Co.,
L.L.P.,  dated March 26, 2007, and Malone & Bailey, PC, dated March 27, 2008) of
the  Original  Filing.  Except as described above, this Amendment No. 1 does not
amend any other information set forth in the Original Filing and the Company has
not updated disclosures contained therein to reflect any events that occurred at
a  date  subsequent  to  the  date  of  the  Original  Filing.

                                    PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(b) Exhibits


     The following Exhibits are filed herewith:


EXHIBIT NO.          DESCRIPTION
-----------          -----------------------------------------------------------

23.1                 Consent  of  Thomas  Leger  &  Co.,  L.L.P.,  independent
                     registered public accounting  firm.

23.2                 Consent of Malone & Bailey, PC, independent registered
                     public accounting firm.

31.1                 Certification of Chief Executive Officer pursuant to Rules
                     13a-14(a) and 15d-14(a) under the Securities Exchange Act
                     of 1934, as amended.

31.2                 Certification of Chief Financial Officer pursuant to Rules
                     13a-14(a) and 15d-14(a) under the Securities Exchange Act
                     of 1934, as amended.

32.1                 Certification of Chief Executive Officer pursuant to 18
                     U.S.C. Section 1350 as adopted pursuant to Section 906 of
                     the Sarbanes-Oxley Act of 2002.

32.2                 Certification of Chief Financial Officer pursuant to 18
                     U.S.C. Section 1350 as adopted pursuant to Section 906 of
                     the Sarbanes-Oxley Act of 2002.


                                   SIGNATURES

Pursuant  to  the requirements of Section 13 or 15(d) of the Securities Exchange
Act  of  1934,  the  registrant  has duly caused this report to be signed on its
behalf  by  the  undersigned,  thereunto  duly  authorized.

                                   HOUSTON AMERICAN ENERGY CORP.
Dated:     June 19, 2008

                                   By:     /s/ John F. Terwilliger
                                           John F. Terwilliger
                                           President