Holloman Spuds Wolfman #1 on PEL 112
(firmenpresse) - HOUSTON, TX -- (Marketwired) -- 07/23/13 -- Holloman Energy Corporation (OTCQB: HENC) ("Holloman") reports that drilling of the Wolfman #1 exploration well on Petroleum Exploration License ("PEL") 112 is underway. It is expected that Wolfman #1will be drilled vertically 1,720 meters (5,600 feet), and will take approximately 10 days to reach Total Depth. The well, which targets the Namur Sandstone in a dip-closed structure, spudded July 22, 2013.
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Holloman is focused on exploring and producing oil in Australia's Cooper Basin. Holloman's Cooper Basin licenses include interests in PEL 112 and PEL 444 which comprise 4,554 km2 (1.125 million acres) on the Western Margin of Australia's Cooper - Eromanga Basin.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to publicly update any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's filings with the SEC.
ON BEHALF OF THE BOARD OF DIRECTORS
Holloman Energy Corporation
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Holloman Energy Corporation
Robert Wesolek
(281) 260-0193
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Datum: 23.07.2013 - 09:31 Uhr
Sprache: Deutsch
News-ID 1247995
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