Holloman Energy Corp.

Transaction Type
Sellers
Marketers
Basin
Cooper-Eromanga Basin
Field
PEL 112, PEL 444
Post Date
Close Date
Estimated Price
0MM
Description

Holloman Energy Corp., Houston, (OTCBB: HENC) has retained Macquarie Tristone to seek a joint-venture partner for its interests in South Australia. Holloman's Cooper Basin leases include interests in PEL 112 and PEL 444 comprising 4,544 square kilometers (1.125 million acres) in the southwestern and northwestern sectors of the Cooper-Eromanga Basin. The play targets the Jurassic Namur and Hutton formations with secondary targets in the Birkhead and Poolowanna (Jurassic) and Patchawarra (Permian) formations. Area operators have recently made eight Jurassic commercial discoveries north of PEL 112 with four of those discoveries made in 2008 and 2009. Jurassic discoveries to date are light oil and vary from 1 to 11 MM barrels STOOIP with initial production rates range from 150 to 2,500 barrels per day per well. The bid due date is March 15. Contact David Vetters, 403-539-8524, david.vetters@macquarie.com.