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