Holloman Energy Corporation confirm that incremental reprocessing of Petroleum Exploration License (PEL) 444's Wingman 3D Seismic Survey is targeted for completion later this month. As a result, procedures required to initiate the drilling program on PEL 444 are expected to begin in the fourth quarter of 2014.

"Our drilling plans for PEL 444 have been delayed somewhat," stated Holloman Energy CEO, Mark Stevenson. "We believe, however, that the time taken to pursue the best supporting science for our drilling decisions is well spent. We remain confident in the experience and capacity of our operating partner with respect to the exploration of our Cooper Basin Assets."

Tags: Holloman Energy Corporation