Holloman Energy Provides Cooper Basin Seismic and Drilling Update
February 07 2013 - 12:55PM
Marketwired
Holloman Energy Corporation (OTCQB: HENC) announces the completion
of seismic interpretation, and the identification four drill-able
prospects on its Petroleum Exploration License (PEL) 112. The
prospects are similar geologically to producing structures observed
in existing oil pools (including the Butlers, Perlubie and Parsons
fields) located to the north of PEL 112 on the western-flank of
Australia's prolific Cooper Basin. All prospects identified display
4-way structural closures and target the Namur sandstones.
"We are pleased with the foundation laid to date, and are poised
to pursue a multi-well drill program on PEL 112," stated Mark
Stevenson, Holloman CEO. "In addition," Stevenson continued, "we've
begun planning and design for seismic acquisition on PEL 444. All
things considered, 2013 promises to be an exciting year for
Holloman and its shareholders."
During January 2013, Holloman's farmout partner committed to
drill 3 wells (with an option of two additional wells), using Hunt
Energy & Minerals Co. - Australia Pty. Ltd. (Hunt). It is
anticipated that well locations will be spread between Holloman's
PEL 112 and PEL 444 licenses. Hunt is a drilling contractor with
over 25 years of experience in the Cooper-Eromanga Basin. The first
well in the drilling program is scheduled to begin upon receipt of
the requisite government and native stakeholder approvals.
About Holloman Energy
Holloman Energy Corporation is focused on exploring and
producing oil in Australia's Cooper Basin. Holloman's Cooper Basin
licenses include interests in PEL 112 and PEL 444 which comprise
4,544 km2 (1.125 million acres) in the southwest and northwest
sectors of Australia's Cooper - Eromanga Basin.
Forward-Looking Statements: This press release includes
forward-looking statements as determined by the U.S. Securities and
Exchange Commission (the "SEC"). All statements, other than
statements of historical facts, included in this press release that
address activities, events, or developments that the Company
believes or anticipates will or may occur in the future are
forward-looking statements. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include general economic
and business conditions, the ability to acquire and develop
specific projects, the ability to fund operations and changes in
consumer and business consumption habits and other factors over
which the Company has little or no control. The Company does not
intend (and is not obligated) to publicly update any
forward-looking statements. The contents of this press release
should be considered in conjunction with the warnings and
cautionary statements contained in the Company's filings with the
SEC.
ON BEHALF OF THE BOARD OF DIRECTORS Holloman Energy Corporation
http://www.hollomanenergy.com
Contact: Holloman Energy Corporation Robert Wesolek (281)
260-0193
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