Last $0.29 USD
Change Today -0.0185 / -6.08%
Volume 32.0K
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As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

holloman energy corp (HENC) Snapshot

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07/25/13 - $0.65
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holloman energy corp (HENC) Details

Holloman Energy Corporation, an exploration stage company, engages in the acquisition, exploration, and development of oil and gas properties in Australia. It holds working interests of 66.67% in 2 onshore petroleum exploration licenses (PELs), including PEL 112 covering 2,196 square kilometers and PEL 444 covering 2,358 square kilometers located on the southwestern flank of the Cooper Basin in the state of South Australia. The company was incorporated in 2004 and is based in Houston, Texas. Holloman Energy Corporation operates as a subsidiary of Holloman Corporation.

holloman energy corp (HENC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $118.0K
Compensation as of Fiscal Year 2013.

holloman energy corp (HENC) Key Developments

Holloman Energy Corporation Auditor Raises 'Going Concern' Doubt

Holloman Energy Corporation filed its 10-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Weaver & Tidwell LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Holloman Energy Corporation Announces Cooper Basin Seismic Update

Holloman Energy Corporation announced status of its Cooper Basin strategy and operations. The processing of 80 square kilometres (19,768 acres) of 3D Seismic data on PEL 444 has been completed, and interpretation of the data has commenced. Holloman estimates that interpretation of the Wingman Survey will be complete within 30 days. Once interpretation is finalized, Holloman will announce the proposed drill date for its initial well on PEL 444. It is anticipated that at least one prospect will be matured for drilling. The Wingman Survey was acquired over a portion of PEL 444 that lies within the "Western Margin" of the Cooper Basin, which is generally considered highly prospective. This trend is being actively drilled by adjacent licensees including Senex Energy and Beach Energy.

Holloman Energy Corporation Provides Drilling Updates on Wolfman #1 Exploration Well

Holloman Energy Corporation reported that no oil shows were observed while drilling in its primary and secondary oil objectives in the Wolfman #1 exploration well on Petroleum Exploration License 112. Hunt Energy Rig #3 encountered its primary objective, the Namur Sandstone, at approximately 1,197 meters (3,927 feet) on August 6, 2013, and drilled ahead to its secondary targets in the Birkhead formation and Hutton sandstones. Wolfman #1 reached Total Depth of 1,703 meters (5,587 feet), on August 7, 2013. In the event wire line logging confirms a dry hole, the well will be plugged and abandoned. The drilling of Wolfman #1 fulfills Holloman's minimum work requirement for PEL 112 License Year Five. 3D Sesimic data has been acquired on only 5.7% (31,382 of 542,643 acres) of the land comprising PEL 112. Holloman believes significant potential remains for future seismic to identify migration trends and additional prospects during the next exploration term. Holloman intends to focus efforts on its PEL 444 drill plans while science gathered in connection with the Wolfman #1 well is being analyzed.


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