Holloman Energy Corp. (PINK:HENC) Continues to Make Gains

Las Vegas, NV -- (SBWIRE) -- 11/07/2012 -- Holloman Energy Corp. (PINK:HENC) has been on a steady rise in recent months from lows of $0.10 in January the stock has seen recent highs of $0.50

Holloman Energy Corporation is focused on exploring and producing oil in Australia's Cooper Basin. Holloman's Cooper Basin leases include interests in PEL 112 and PEL 444 which comprise 4,544 Sq km (1.125 million acres) in the southwest and northwest sectors of Australia's prolific Cooper – Eromanga Basin.

On November 5 HENC updated on their Drilling Plans Progress; they confirmed the November 1, 2012 escrow deposit of AUD$4,5000,000 by its farm-in partner on Petroleum Exploration Licenses ("PEL ") 112 and 444. The escrowed funds were required under Holloman's May 2012 farmout agreement on the licenses and are earmarked to pay for an initial three (3) well drill program.

Holloman is currently awaiting the interpretation of 127 square kilometers ("km2") of 3D seismic data acquired in September 2012 on PEL 112. Potential drill prospects are expected to be identified in late November 2012.

OTCMAGIC has been reporting on HENC for a long time. To find out more about this stock and what OTCMAGIC projects for Holloman Energy both short term and long term please go here: HENC

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