PEL 444 Seismic Update
February 12 2014 - 8:42AM
Marketwired
PEL 444 Seismic Update
HOUSTON, TX--(Marketwired - Feb 12, 2014) - Holloman Energy
Corporation (OTCQB: HENC) ("Holloman") is pleased to confirm that
the initial seismic interpretation of Petroleum Exploration License
("PEL") 444's Wingman 3D Seismic Survey was completed in December
2013, by Tanglin Exploration Pty Ltd. of Sydney, Australia. The
interpretation effectively images the Lower Birkhead Formation and
identifies a number of geophysical anomalies that may support
hydrocarbon trapping. The Birkhead Formation is the principle
reservoir in the Snatcher / Charo and Growler Oil Fields, located
on trend with PEL 444. Due to the complexity of the geological
environment, a second independent review of the seismic
interpretation is planned before a potential drilling target is
selected. It is expected that the second interpretation will be
complete within 2-3 weeks.
The Wingman 3D seismic survey covers approximately 80 square
kilometers and was acquired in the southeastern part of PEL
444. Surveying, line clearing and recording operations were
undertaken by Terrex Pty Ltd of Perth, Australia. The data was
processed by Dolphin Geophysical Pte Ltd in Singapore. The results
of this survey will be integrated with 2D seismic data shot in
2005, to evaluate the prospectivity of the southeastern portion of
the exploration license. The use of regional 3D seismic
surveys as an exploration tool has greatly improved the wildcat
success rate in the West Eromanga Basin, South Australia.
About Holloman Holloman 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 currently
comprise 4,554 km2 (1.125 million acres) on the Western Margin 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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