As previously announced on August 21, 2007, the Corporation has signed an agreement to acquire Holloman Petroleum Pty. Ltd., a privately held Australian-based oil & gas company. Holloman Petroleum Pty. Ltd. is a majority-owned subsidiary of Holloman Corporation of Houston, Texas. Holloman Corporation is a successful developer of gas plants, pipelines, processing technologies and other infrastructure development throughout the U.S.
In anticipation of completing the acquisition of Holloman Petroleum Pty. Ltd. the Corporation has decided to change its name to better reflect what will be its underlying core business and expertise.
Holloman Energy Corporation is a leading independent oil and gas exploration and production company. Holloman operations are focused primarily in Australia and Canada. The company's portfolio of oil and gas properties provides stable, environmentally responsible production, and provides a solid foundation for a growing portfolio.
Holloman's three major oil and gas properties in Australia are: Gippsland Basin, Cooper Basin, and Barrow Sub Basin. Holloman has spent over three years in researching and performing geophysical acquisition over the concessions. Each of these basins include several major discoveries in various stages of development since the late 1960's, and have yielded billions of barrels of production. Several of the world's largest oil and gas companies are producing, developing and exploring adjacent to Holloman's oil and gas concessions.
In Canada, Holloman has accumulated an impressive 1.2 million acres in the prolific gas region of Alberta - Saskatchewan basin for development. The area is prone to both oil and gas in multiple zones. Holloman is partnering with industry leaders, to develop prospective reserves in the Canadian prairies proving our expertise and growth model.
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