"Dreamtick" <scott@[EMAIL PROTECTED]
> wrote in
news:4a6d0197ac75934a5aa378c3e214ad5a@[EMAIL PROTECTED]
> take a good look at this one!!
>
> www.hollomanenergy.com
>
> Holloman Energy Gives Cor****ate Update
> Tuesday June 17, 11:07 am ET
> Also, Adds Renowned Australian Geophysical Consultant to Its Team and
> Releases New Enhanced Website With Detailed Property Information
>
>
> HOUSTON, June 17, 2008 (PRIME NEWSWIRE) -- Holloman Energy Cor****ation
> (OTC BB:HENC.OB - News) (``the Company'' or ``HENC''), through its
> CEO, Grant Petersen, today has elected to give an interim update to
> shareholders in preparation to what management feels will be a very
> busy and productive last half of the year and beyond. Due to
> significant recent activity and interest by major international oil
> companies in Australia to include each of the three geological basins
> that HENC has properties totaling in excess of 1.75 million acres, the
> Company has elected to retain Perth Australia-based Tony Saitta and
> Saitta Petroleum Consultants Pty Ltd. (Saitta) as a ``boots on the
> ground'' consultants to HENC in the Cooper Basin to assist and
> interpret all available information. Saitta's input, along with HENC's
> staff, will serve as to how best exploit the burgeoning interest in
> HENC's extensive property interest. More detailed information on
> HENC's properties can now be found on the Company's website located at
> http://www.hollomanenergy.com
.
>
During the remainder of 2008 we plan to enter into joint venture
agreements with third parties to explore for oil and gas in the Cooper,
Gippsland and Barrow basins of Australia.
As of March 31, 2008 we did not have any proven oil or gas reserves and
we did not have any revenues
HOLLOMAN ENERGY COR****ATION
(Formerly Endeavor Energy Cor****ation)
(An Exploration Stage Company)
NOTES TO PRO-FORMA CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS
(a) Elimination of Endeavor Canada's net liabilities The assets and
liabilities of Endeavor Canada are eliminated and the net impact is
booked as a gain on disposal of discontinued operations recognized in
connection with the Divestiture.
(b) Write-off of intercompany account In connection with the Divestiture,
the Company has determined that its $1,787,052 intercompany receivable
from Endeavor Canada is uncollectible. As a result, this receivable has
been written-off resulting in a reduction of the gain recognized from the
Divestiture.
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