Holloman Energy Corporation confirms 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.