Exploration & Production
Holloman Energy Begins Seismic Acquisition On PEL 112 In Cooper Basin
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Holloman Energy Corporation (OTCBB: HENC) is pleased to announce that fieldwork supporting the acquisition of seismic data on its Petroleum Exploration License 112 ("PEL 112") is underway. Geokinetics (Australia) Pty. Ltd. will undertake the 3D seismic survey on the northern boundary of PEL 112. Crews are currently in the field completing line clearing and survey work. Seismic acquisition is expected to commence in early August 2012 and will include the acquisition and processing of 127 square kilometers ("sq km") of 3D data at cost of up to AUD$3.7 million. The survey will identify potential multi-zone drilling targets including the Namur, Hutton and Birkhead shale down to 7,000 feet.
Holloman has over 400 km of existing 2D seismic data on PEL 112 and has identified over 27 leads having…
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