drilling update at 1.00pm today?, page-11

weekly progress report
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Hardman Resources Ltd (“Hardman”) provides the following weekly progress report on the
Mauritania offshore drilling programme:
Tiof-3 Appraisal Well – PSC B
Progress and Current Status:
Since the last report (26 October 2004) the “West Navigator” ran and cemented the 9 5/8 inch casing
to a total depth of 2,980 metres. At midnight GMT on 1 November completion operations in
preparation for flow testing were underway.
Well Location:
The Tiof discovery is located approximately 90 kilometres west of Nouakchott, the Mauritanian
capital, and 25 kilometres north of the Chinguetti Field. The Tiof-3 well is located approximately
4 kilometres west of the Tiof-1 discovery well. Water depth is 1,198 metres.
Well Details:
The Tiof-3 well is intended to appraise the Tiof oil discovery. The well will further evaluate the
Miocene channel sand system within the Tiof Field area as interpreted with 3D seismic.
Capitaine-1A Exploration Well – PSC B
Progress and Current Status:
Since the last report (26 October 2004) the “Stena Tay” drilled to 2,718 metres depth where an
intermediate 9 5/8 inch casing has been run and cemented. The current operation at midnight GMT on
1 November was preparing to run in hole and drill to TD.
Well Location:
The Capitaine Prospect is located approximately 125 kilometres southwest of Nouakchott, the
Mauritanian capital, and 30 kilometres southwest of the Chinguetti Field. Water depth is
approximately 1,680 metres and the planned total depth of the well is approximately 3,125 meters.
Level 1, 50 Kings Park Road, West Perth
PO Box 869, West Perth
Western Australia 6872
Tel: +61 8 9261 7600 Fax: +61 8 9321 2375
ABN 98 009 210 235 HARDMAN RESOURCES LTD
Web address: www.hdr.com.au email: [email protected]
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Prospect Details:
The Capitaine-1 exploration well is testing a structural trap within the Chinguetti channel sand system
where an anticlinal structure is formed by an underlying salt dome.
Other information:
All reported depths are referenced to the rig rotary table (except water depth).
Hydrocarbon shows will only be reported after all required logs have been run and evaluated for each
well.
Times and dates refer to Mauritania time (GMT), 8 hours behind Western Standard Time, Perth.
A map showing the location of the wells will be available on the Hardman website (www.hdr.com.au)
and will be updated during the course of the 2004/2005 drilling programme.