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Holloman, partners finds no hydrocarbons at Baikal #1 well in Cooper Basin


Published Dec 11, 2015
Holloman Energy Corporation

Holloman Energy Corp. says that the drilling of the Baikal #1 well in Petroleum Exploration License (PEL) 444 in South Australia's Cooper Basin went smoothly without any incidents, environmental issues or significant delays.

The well was drilled to a depth of 7,138 feet (2,176 meters), on time and under budget. As no hydrocarbon shows were found, Holloman Energy Corporation agreed to plug and abandon the well.

The management of the Joint Venture partners plans to hold discussions in the upcoming weeks to determine the next steps to take pertaining to the Company's Petroleum Exploration Licenses in Australia.

Tags: Holloman Energy Corporation




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