Exploration & Production | Operational Updates
Holloman Begins Area Clearance at Cooper Basin Target
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Holloman Energy Corporation has initiated Work Area Clearance (WAC) on Petroleum Exploration License (PEL) 444 on April 9, 2013.
WAC is the process by which Australia's Native Title Holders review proposed exploration sites to insure planned activity does not harm the cultural integrity of the land to be explored.
PEL 444 WAC is expected to take approximately 10 days, and is the first step in the acquisition of 80 square kilometers of 3D seismic data on that license.
Holloman's WAC crew is scheduled to move to PEL 112 on or about April 20, 2013 to begin WAC on one or more access roads and drill site locations. PEL 112 WAC is expected to take 3 to 5 days. Holloman anticipates permitting, road construction and drill site preparation will begin immediately upon completion of WAC fieldwork…
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