Hero Technologies Inc (HENC)

[ACanJadaS]

I don't believe that the prospects of the company have changed significantly over the past several years. I'll post one of the last comments that the company made prior to de-listing to save money.

Holloman Energy Corporation (OTCQB: HENC) and its Joint Venture partners plan to continue to explore Petroleum Exploration Licenses (PEL) 112 and 444. PEL 112 is in its third year of its five year renewal program ending in 2018 and a recently approved 5 year renewal program ending in 2020 for PEL 444. The obligations in both of these programs require additional geological and geophysical studies with one well to be drilled in the final year of each of the programs.

Due to the termination of the Farm-In agreement with Terra Nova, HENC ultimately incurred 74.1667% of the cost to drill the Baikal-1 well. HENC had the backing of a large subsidiary of Holloman Corporation, its major shareholder, to meet its drilling obligations and future exploration efforts.

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