Hero Technologies Inc (HENC)

[mattd]

HOUSTON, TX--(Marketwired - Dec 4, 2015) - Holloman Energy Corporation (OTCQB: HENC) is pleased to announce that the Eastern Well 101 Rig spudded the Baikal #1 well at 6:30pm South Australian time on the 3rd of December 2015. At 8:00pm South Australian time on the 4th of December 2015, the well was drilled to a depth of 629 meters and was progressing well. The Company's CEO Mark Stevenson commented, "We are pleased that the operations for the Baikal #1 have begun and we are looking forward to the findings. The reduction in the cost of drilling services has benefited this well and will benefit future wells." Oil in the Cooper Basin typically has very low gas-oil ratios that require less processing and usually commands premium pricing over the Brent market price.

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