"Wolfman #1" Access Roads Complete and Well Site Prep in Final Stages
HOUSTON, TX -- (Marketwired) -- 06/17/13 -- Holloman Energy Corporation (OTCQB: HENC) ("Holloman") is pleased to report that access roads leading to the Wolfman #1 drill location on Petroleum Exploration License ("PEL") 112 are complete. Extensive drill site preparation has also taken place to receive the drill rig in late June. Construction of the sump, flare pit, "turkey's nest" (water reservoir), truck ramp and lease sub-level have been finalized and work on the Wolfman camp pad is expected to be finished on or before June 20, 2013.
Wolfman #1 Drill Site
The Wolfman #1 exploration well will be drilled vertically 1,720 meters (5,600 feet) and is expected to take approximately 10 days to reach Total Depth. The well, which targets the Namur Sandstone in a dip-closed structure, is scheduled to spud in early July 2013.
Holloman also reports that it completed line preparation, surveying and pegging on PEL 444's Wingman 3D Seismic Survey as of June 10, 2013. The recording phase of the Wingman Survey is expected to begin on or about June 18, 2013.
About Holloman
Holloman Energy Corporation is focused on exploring and producing oil in Australia's Cooper Basin. Holloman's Cooper Basin licenses include interests in PEL 112 and PEL 444 which comprise 4,554 km2 (1.125 million acres) on the Western Margin of Australia's Cooper - Eromanga Basin.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to publicly update any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's filings with the SEC.
ON BEHALF OF THE BOARD OF DIRECTORS
Holloman Energy Corporation
http://www.hollomanenergy.com
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Contact:
Holloman Energy Corporation
Robert Wesolek
(281) 260-0193
