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