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
OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in Penny Stocks!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)