hdr announcement OFFSHORE MAURITANIA WEEKLY DRILLING UPDATE 7...

hdr announcement OFFSHORE MAURITANIA WEEKLY DRILLING UPDATE 7 November 2003:
Hardman Resources Ltd (“Hardman”) provides the following weekly progress report on the drilling
and testing operations in offshore Mauritania:
Tiof Exploration Well
The Tiof exploration well (Chinguetti 4-6 Tiof) located in PSC Area B was spudded (commenced drilling) on 28 October 2003.
Progress: Since spudding the well, an 18 inch hole was drilled to 2900 metres, the 13? inch casing was run and cemented and the blowout preventers were installed. At 1600 hours (Aust WST) on 7 November, a 12¼ inch hole had been drilled to 2900 metres depth.
Geology & Hydrocarbon Shows:
Wireline logs have been run and evaluated at total depth of the well, detecting a gross oil column of 135 metres.
Well Location: The Tiof exploration well is being drilled with the drillship “West Navigator” which arrived in Mauritanian waters in late October. The well is located approximately 25 kilometres north of the Chinguetti Oil
Field, 90 kilometres west of Nouakchott, the capital of Mauritania.
Prospect Details: The Tiof exploration well is testing an independent structural closure within a Miocene channel sandstone system, believed to be of similar age
to the oil and gas reservoir at Chinguetti and Banda. The Tiof Prospect is adjacent to and associated with a salt diaper. The Tiof Prospect has an Estimated Mean Reserve Volume of 150 million barrels recoverable.
Ted and the boys would like to thank all you guys at Hotcopper for your posts, providing us all here with such great entertainment.
Ground Floor, 5 Ord Street, West Perth PO Box 869, West Perth Western Australia 6872 Tel: +61 8 9321 6881 Fax: +61 8 9321 2375
ABN 98 009 210 235
HARDMAN RESOURCES LTD
Web address: www.hdr.com.au
email: [email protected]