'Holloman's PEL 112 block is located between the CO2013-A and CO2013-C blocks. The CO2013-A and CO2013-C blocks were won by Senex Energy Limited and Bridgeport Energy Pty Ltd respectively. The winning bids for both of these blocks total a combined investment of up to $59.2 million -- with a guaranteed spend of $53.4 million.
The bidding results reaffirm management's view of the prospective potential of Holloman's PEL 112 block. Holloman's PEL 112 block covers an area of 1,086 sq. km (525K acres) and was recently renewed for a further five-year term, and the areas with existing seismic data and exploration prospects have been retained.'
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