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.
- Forums
- ASX - By Stock
- HDR
- HDR- Drilling rig on Site in 2 weeks
HDR
hardman resources limited
HDR- Drilling rig on Site in 2 weeks, page-3
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)