Holloman, Enquest team for Australia, New Zealand 3D survey

Offshore staff

HOUSTON -- Holloman Energy is participating in a combined southern offshore basins heads of agreement. This contingent agreement between Enquest and Holloman targets the acquisition of 3D seismic data in southern Australia and New Zealand offshore basins. Holloman's Gippsland basin VIC P60 permit is included in the scope of the contemplated survey.

Holloman Energy holds a 100% working interest in the Vic P60 permit.

08/12/2009