HDR hardman resources limited

HDR- Drilling rig on Site in 2 weeks, page-3

  1. 1,747 Posts.
    Here's the good news.

    HARDMAN RESOURCES LIMITED 2002-07-19 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Hardman Resources Ltd ("Hardman") is pleased to advise that the
    drilling rig Deepwater Discovery is now expected to arrive in
    Mauritania between 26 and 28 July 2002. The rig is currently drilling
    a well for Shell in offshore Nigeria and is to be released earlier
    than expected for immediate mobilisation to Mauritania.

    Upon arrival the rig will commence drilling the first well of the
    programme being the Chinguetti 4-2 appraisal well. This well will be
    located on the northern (upthrown) flank of the Chinguetti salt
    structure, approximately 2.5 kms north of the Chinguetti-1 discovery
    well, which was located on the downthrown fault block. This first
    appraisal well is considered to be a significant step out from the
    discovery well and will evaluate a geologically separate portion of
    the prospect.

    The 2002 Mauritania drilling campaign will comprise the drilling of
    between 3 to 5 wells as follows:

    * Chinguetti 4-2 appraisal well (PSC Area B - Hardman equity 21.6%) -
    FIRM

    * Banda Exploration Prospect (PSC Area A - Hardman equity 24.3%) -
    FIRM

    * Chinguetti 4-3 appraisal well (PSC Area B - Hardman equity 21.6%)
    CONTINGENT on the drilling and/or testing results of Chinguetti 4-2.

    * Tiof Exploration Prospect (PSC Area B - Hardman equity 21.6%) -
    CONTINGENT on securing additional drilling slot and joint venture
    approval.

    * Thon Exploration Prospect (PSC Block 6 - Hardman equity 35.5%) -
    FIRM

    The revised 2002 drilling programme has yet to be formally approved
    by joint venture participants who will be meeting during the week
    commencing 22 July 2002. As announced previously in December 2001,
    the joint venture has approved two firm wells and two contingent
    wells. Further details of the drilling programme, well schedule and
    prospect details will be announced following the joint venture
    meetings.

    T Ellyard
    MANAGING DIRECTOR

    Note: In accordance with Australian Stock Exchange Limited listing
    requirements, the geological information supplied in this report has
    been based on information provided by geologists who have had in
    excess of five years experience in their field of activity.



    Prepare to be Wealthy M.
 
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