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Holloman Energy studies Cooper Basin strategy


Published Aug 21, 2013
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Cooper Basin in South Astralia

Holloman Energy Corporation updates its shareholders and other interested parties on its Cooper Basin strategy and operations.

"Despite disappointing news on our Wolfman #1 exploration well, we remain highly optimistic about the success of our Cooper Basin assets," stated Mark Stevenson, Holloman CEO. "We intend to study next steps on PEL 112, but will move ahead with exploration of PEL 444 as quickly as possible."

Acquisition of 80 square kilometers of 3D seismic data on PEL 444 (the "Wingman Survey") began May 28, 2013, and was completed on July 2, 2013. The Wingman Survey fulfills Holloman's minimum work requirements for PEL 444 License Year Three. Processing of data from the Wingman Survey is 30% complete. Final interpretation of survey results is anticipated in October 2013. The timing of follow-on drilling on PEL 444 will be announced when a target date is determined.

Tags: Holloman Energy Corporation




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