Hardman Resources Limited (“Hardman”) provides the following update on its drilling activities: UGANDA: Exploration Area 2 Nzizi-1 exploration/Appraisal Well Since Hardman’s last report, Nzizi-1 has been drilled to a total depth of 1,065 metres in a 6 ¾” hole. As at midnight on 13 November, wireline logs were being run after having encountered oil shows across the target intervals. Nzizi-1 is testing a structure up-dip of the Mputa discovery and was designed to evaluate the equivalent oil bearing reservoirs intersected in the Mputa structure. Nzizi-1 is situated approximately 5.5 kilometres to the southwest of Mputa-2 appraisal well. Hydrocarbon shows will only be reported after all required logs have been run and evaluated, although Hardman will release weekly updates on the exploration drilling campaign. MAURITANIA: Block 7 Aigrette-1 Exploration Well Aigrette-1 has been drilled in 8 ½" hole to a depth of 4,475 metres. As at midnight on 13 November, the well is drilling ahead towards the planned target depth of 4,925 metres. Aigrette-1 is primarily a gas prospect on trend from the Pelican-1 gas discovery. The primary targets are stacked Cretaceous sandstones with some 0.7 TCF potential.
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
