recent trading, page-7

On 1 June 2001 Hardman was awarded an Exclusive Exploration Licence (“EEL”) offshore Guyane and holds a 97.5% interest. The EEL, known as Guyane Maritime, covers a large area of approximately 65,000 square kilometres and includes the major part of the offshore basin of Guyane. It extends from the twelve mile territorial waters limit to the 3,000 metre water depth contour. The EEL provides for a five year exploration programme with a well commitment due by the end of the first three years.

So ... June 2004 it is.