StocksJournal Awards Speculative Buy Rating and $2.00 Price Target to Holloman Canada Corp. (HENC.OB)Wednesday, November 7th, 2007
Holloman Energy is a leading oil and gas exploration and production company. The company’s operations are mainly focused in Australia and Canada. In Canada, Holloman has obtained 1.2 million acres in the prolific hydrocarbon region of Alberta – Saskatchewan basin for development. The area has the potential to hold both oil and gas in multiple zones. Holloman is partnering with industry leaders, to develop prospective reserves in the Canadian prairies proving its expertise and growth model.
Holloman’s three major oil and gas properties in Australia include: Gippsland Basin, Cooper Basin, and Barrow Sub Basin. The Company has spent over three years in performing geophysical acquisition and researching. Each of these areas include several major discoveries in various stages of development, and has yielded billions of barrels of production. Several of the world’s largest oil and gas companies are producing, developing and exploring contiguous to Holloman’s oil and gas concession.
The company’s goal is to increase reserves, production and cash flow by identifying and developing unconventional resources, exploring high-potential basins, exercising capital discipline, preserving financial flexibility and growing by the drill bit.
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