Archive for the ‘Holloman Energy Corp. HENC’ Category

Holloman Energy Group Inc. (HENC.OB) Finds Majors Circling to Take Advantage of its Australian Oil Holdings

Monday, August 25th, 2008

Finding a nugget in the rough when it comes to energy companies is no small feat. The companies are either too small to be considered hugely profitable for some time to come, or they have gotten too big to find substantial value/profit potential. Every once in a while, however, a company can be found with assets and potential that has yet to be tapped on a value scale. Finding a company such as this is not an easy task, but a profitable one if found.

Holloman Energy Group Inc., a multi-segment energy company, works to explore, develop and build energy resource properties primarily in Australia. The company is headquartered in Houston, Texas.

Although many might consider the company as an oil and gas concern, it has a wide spectrum of energy operations in Australia. Its oil and gas property lease holdings total well over 1.2 million acres, while its mineral leases are exceptional in size and scope. Associated operations include utility construction in several utility areas to include: pipeline construction, waste water treatment facility construction and utility services such as start-up compliance. In a general sense, one might view the company as a large multi-national company, but it is not. The company may more appropriately be classified as a smaller player with large lease holdings ready to be exploited. In this respect, the company is well regarded and considered in the same breath as other majors operating in the Australian energy markets.

As energy prices continue to move well over cost/extraction levels, the company is exceedingly well positioned to profit in a not-fully-explored and exploited Australian oil and gas market. Its lease holdings have seven well-identified and tested locations for the tapping of a (thought to be) estimated 4 billion barrels of oil. Further confirmation of the company’s strategic oil holdings is the circling of its lease holdings by all major oil exploration and development companies, instead of the other way around.

The company’s other areas of operation cannot be ignored for their ability to potentially contribute to the company’s bottom line. Australia is a large holder of undiscovered minerals and growth opportunities for an expanding population. Holloman Energy Group is well positioned in the global and Australian energy markets and is ready to capitalize when and where it feels fit.

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Beacon Equity Research Featured Company: Holloman Energy Corporation (HENC.OB)

Tuesday, January 15th, 2008

Holloman Energy Corporation (HENC.OB) is a development-stage company in the business of oil and gas exploration and production. The company, formerly known as Endeavor Explorations, conducts operations in Australia and Canada. Holloman Energy Corp. owns oil and gas properties in the Gippsland Basin, Cooper Basin, and the Barrow Sub-Basin of Australia.

The Company’s Australian holdings have the potential resource value of 462 million barrels or $2.3 billion, based on $30 per barrel of oil and one drilling zone assessed per permit. The Company also has several low-risk development projects in Canada encompassing 1.2 million acres, which are expected to provide a source of near-term cash flows.

Holloman’s focus is to increase production from its Canadian holdings and to develop its Australian energy assets. The company also looks to acquire additional drilling proprieties. The use of the latest technologies in geological interpretation, drilling, geophysics, and production engineering such as 3-dimensional seismic, magnetic survey data and others are important to the company to explore for oil and gas. In addition, more established players such as Devon Energy and Penn West Energy Trust are partnering with the Company to develop prospective reserves in Canada along with their expertise and resources.

The world consumption of oil is more than 86 million barrels per day. This consumption is forecasted to rise to 88.2 million barrels in 2008. The worldwide economic growth and increasing world population are expanding the demand for energy resources, including oil and gas. Most of the world’s major existing oil fields are already maturing, and in order to meet rising demand, energy companies need to explore for reserves offshore. With Holloman’s property ownership in Australia’s under-developed drilling areas, the company is positioned to succeed in their developments and operations.

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