eight new exploration wells will be drilled at its

Thursday April 7, 1:48 PM
INTERVIEW: Australia's Hardman In New Mauritania Plan

By Stephen Bell
Of DOW JONES NEWSWIRES

PERTH (Dow Jones)--Australia's Hardman Resources Ltd. (HDR.AU) said Thursday that up to eight new exploration wells will be drilled at its Mauritania oil project in the second half of 2005.

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Mauritania operator Woodside Petroleum Ltd. (WPL.AU) will be "putting to the joint venture 10 drill-ready prospects by June," said Hardman Chief Executive Simon Potter.

At least half of those prospects, and probably "six to eight," will be drilled in the second half, Potter told Dow Jones Newswires in an interview.

The new drilling will test "large" targets, Potter said, as the joint venture partners try to rebuild confidence in the exploration upside at Mauritania, after a moderate program last year that returned three dry holes along with the Tevet discovery.