Exploration & Production
Holloman Cooper Basin Status Update
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Holloman Energy Corporation (HENC.OB) updates its shareholders and other interested parties on the status of its Cooper Basin strategy and operations. During January 2012, Holloman requested, and was granted, a variation of license conditions on it Petroleum Exploration License ("PEL") 112. Under the terms of the variation, the date by which Holloman is obligated to acquire 100 kilometers of 2D seismic data on PEL 112 was moved to January 10, 2013.
Holloman also reports that it has recently received a series of offers relating to one or both of its Cooper Basin licenses. Holloman is completing its analysis of those proposals and hopes to disclose which, if any, it will accept during early March 2012.
We are encouraged by the fact that common share prices for several of our Cooper Basin…
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