Holloman Energy Corporation has completed 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."

Tags: Holloman Energy Corporation