HOUSTON, July 8, 2009 (GLOBE NEWSWIRE) -- Holloman Energy Corporation (OTCBB:HENC), announces the selection of Perth-based ISIS Petroleum Consultants Pty Ltd as engineering advisor for its planned seismic campaign in South Australia's Cooper Basin. ISIS has been contracted to provide a full range of services including; technical and management support for the design, tendering, acquisition, processing and statutory reporting for 3D and 2D seismic surveys on PEL 112 and PEL 444.
Recent drilling successes by Beach Petroleum, Cooper Energy and Victoria Petroleum on adjoining leases has prompted Holloman Energy's management to undertake the planning of a 3D and/or dense 2D seismic campaign on a portion of its Cooper Basin properties. Current plans include a primary focus on the northeast corner of PEL 112 and a secondary focus southeast corner of PEL 444. ISIS Petroleum Consultants is an independent and internationally recognized petroleum engineering firm.
"We believe the addition of ISIS is the next logical step," stated Mark Stevenson, CEO of Holloman Energy. "Their experience in the Cooper Basin and independent perspective adds valuable technical input. We look forward to working with them to maximize the value of our Cooper assets."
Holloman Energy holds interests in PEL 112 and PEL 444 which comprise 4,544 Sq km (1.125 million acres) in the southwest and northwest sectors of Australia's prolific Cooper -- Eromanga Basin. The Company anticipates that seismic acquisition and a multi-well drilling program to begin exploration of the leases will require expenditures in excess of $11,000,000.
About Holloman Energy
Holloman Energy Corporation is an emerging international exploration, and development independent. The Company currently holds interests, varying between 66.66% and 100%, in seven oil and gas permits awarded by the Australian government. These permits encompass in excess of 1.7 million acres in the Cooper, Gippsland and Barrow basins.
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 update publicly 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 recent filings with the SEC.
ON BEHALF OF THE BOARD OF DIRECTORS Holloman Energy Corporation http://www.hollomanenergy.com