HOUSTON, Feb. 8, 2010 (GLOBE NEWSWIRE) -- Holloman Energy Corporation (OTCBB:HENC), a company focused on oil exploration and development in Australia's Cooper Basin, announced today that Harbinger Research, LLC, an independent research firm, has released research coverage of its operations.
Harbinger's report provides a description of Holloman's properties, industry, strategy, management team, and investment opportunities and risks. The report contains an investment rating and 12-month price target, and is available free of charge at Harbinger's website using the following link: (http://harbingerresearch.com/viewCompany.php?company=247).
Harbinger Research was contracted by a third-party to prepare the research report for the purpose of informing both institutional and individual investors of the investment potential of the Company. The price targets, financial projections and other opinions contained in the report are strictly those of the analyst and not of Holloman Energy Corporation.
About Harbinger Research, LLC
Harbinger Research (www.globenewswire.com/newsroom/ctr%3Fd=104899%26l=6%26a=www.harbingerresearch.com%26u=http%253A%252F%252Fwww.harbingerresearch.com">www.harbingerresearch.com) is a New York-based independent equity research firm with a focus on providing coverage to small-cap companies. Its goal is to provide insightful, in-depth equity research coverage to smaller U.S. traded companies and the individuals and institutions that invest in them.
Holloman Energy Corporation currently holds working interests in two oil and gas permits awarded by the Australian government. These permits encompass in excess of 1.25 million acres in the prolific Cooper/Eromanga basins.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
ON BEHALF OF THE BOARD OF DIRECTORS Holloman Energy Corporation http://www.hollomanenergy.com