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Last $0.20 USD
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HENC On Other Exchanges
As of 8:10 PM 09/30/15 All times are local (Market data is delayed by at least 15 minutes).

holloman energy corp (HENC) Snapshot

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06/9/15 - $0.50
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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: --
Compensation as of Fiscal Year 2014.

holloman energy corp (HENC) Key Developments

Holloman Energy Corporation Announces Update on PEL 444 Obligation Well

Holloman Energy Corporation announced that drilling on PEL 444 is scheduled to commence before the end of 2015. A Technical Sub-Committee meeting took place on August 27th resulting in positive confirmations of the drill site location of commitment well. Subsequently, on August 31, 2015, the Operating Committee approved the plan and the associated Authority for Expenditure (AFE). Additional discussions for the implementation of the drilling program will take place later this month. Despite the outstanding disagreement to rights of operatorship and working interest, HENC and Terra Nova are working together to ensure the drilling program moves forward as planned.

Holloman Energy Corporation Announces Termination of Farm-In Agreement with Terra Nova

Holloman Energy Corporation announced that it has received notice that Terra Nova had terminated its farm-in agreement on Petroleum Exploration Licenses (PELs) 112 and 444. As a result of the farm-in termination, Holloman Energy will no longer be obligated to transfer any additional working interest in PEL 112 or PEL 444 to Terra Nova. HENC is in the process of revisiting drilling plans and has already begun contacting potential drillers. The company will provide additional information as plan revisions become finalized. About Holloman Energy Holloman 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 currently comprise 3,444 km2 (approximate 850,000,000 gross acres, 413,000 net acres) on the prolific Western Margin of Australia's Cooper ' Eromanga Basin.

Holloman Energy Corporation Auditor Raises 'Going Concern' Doubt

Holloman Energy Corporation filed its 10-K on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, Weaver & Tidwell LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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