Dallas, TX 11/7/2007 12:51:48 PM
Holloman Energy Corp. Rated ‘Speculative Buy’ Target Price $2.00 by Beacon Equity Research
Holloman Energy Corp (OTCBB: HENC) has been rated Speculative Buy with a price target of $2.00 by Beacon Equity Research Analyst, Lsa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com
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In the report, the analyst writes, “Holloman Energy Corporation (HENC) is a development-stage independent oil and gas exploration and production company with operations in Australia and Canada. At present, the Company owns oil and gas properties in the Gippsland Basin, Cooper Basin, and the Barrow Sub-Basin of Australia. The total potential resource value associated with its Australian holdings is estimated at 462 million barrels or $2.3 billion, based on $30 per barrel oil and one drilling zone assessed per permit. The Company also has several low-risk development projects in Canada encompassing 1.2 million acres and expected to provide a source of near-term cash flows.
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Holloman Energy Corp. (HENC) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report Beacon Equity Research and its affiliates have been directly compensated a total of two hundred thousand shares directly from European American Investments for enrollment of HENC in its research program, and to oversee a broad based marketing effort for the company. Readers should be aware that this may present a potential conflict of interest. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
