Holloman Energy Corp. announced that acquisition of 127 sq km of 3-D seismic data on Petroleum Exploration License 112, west of the Cooper Basin, Australia, has been successfully completed.

The 3-D seismic program was executed by the Australian operations group of Geokinetics Inc.

Terra Nova, Holloman Energy’s farmin partner, has commenced seismic data processing. Once complete, the geophysical program will be interpreted with potential drill locations expected in mid-December 2012.

Terra Nova is also in the process of securing a drilling rig to drill up to six wells in 2013. It is anticipated that the first well will be drilled on PEL 112, subject to rig availability, late in the first calendar quarter of 2013.

On PEL 444, Terra Nova is in the process of designing a 150 sq km 3-D seismic program for completion in 2013.