HOUSTON, TX -- (Marketwired) -- 06/10/13 -- Holloman Energy Corporation (OTCQB: HENC) ("Holloman") reports seismic crews set camp and began line preparation on Petroleum Exploration License ("PEL") 444 on May 29, 2013. Line preparation is the initial phase of the "Wingman" 3D Seismic Survey which targets acquisition of 80 square kilometers of 3D seismic data in the southeast corner of PEL 444's lower panhandle. The scope of the Wingman Survey is designed to mature two (2) Birkhead formation exploration leads to prospect status.
As of June 4, 2013, line preparation on the Wingman Survey was 78% complete and more than 45% of seismic lines had been surveyed and pegged. The recording phase of the Wingman Survey is expected to begin on or about June 18, 2013. Terrex Pty. Ltd. ("Terrex") is the seismic contractor for the Wingman Survey. Terrex is the largest supplier of land seismic acquisition services in Australia and has been in continuous operations for more than 30 years.
Holloman also reports that access road construction and site preparation on PEL 112 continues on schedule. Approximately 17 kilometers (10 miles) of access road has been graded, and 12 kilometers (7.5 miles) of clayed road has been constructed. The Wolfman #1 exploration well's projected early July 2013 spud date remains unchanged.
Holloman Energy Corporation 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
Holloman Energy Corporation
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