north perth basin weekly drilling update

NORTH PERTH BASIN WEEKLY DRILLING UPDATE
Hardman Resources Ltd (“Hardman”) provides the final weekly progress report on the
drilling of the Jingemia-3 sidetrack in the North Perth Basin:
Well Location: The Jingemia Oil Field is located within onshore exploration
permit EP 413, to the north of the Woodada Gas Field and is
approximately 300 kilometres north of Perth, Western
Australia.
Progress:
(Previous 7 days to
06:00 hours 2/10/03)
During the week, production casing was run and cemented at a
total well depth of 2,510 metres. Jingemia-3 has been
completed as a water injection well for the field. A workover
rig will be mobilized within 7 days to perforate the well and
conduct initial clean up flows.
Note: The main objection for the Jingemia-2/3 well was to
provide a water injector well for the field and this has been
achieved.
Note: All reported depths are referenced to the rig drill floor.
Geology &
Hydrocarbon Shows:
Jingemia-3 intersected the primary objective Dongara
Sandstone at a measured depth of 2,533.5 metres
(2411mTVDSS), 31 metres low to Jingemia-1 and 30 metres
high to Jingemia-2. Analysis of the Dongara Sandstone
reservoir in the well has confirmed it to be in pressure
communication with Jingemia-1. The oil water contact in the
well is estimated to be 2,414 metres subsea. This compares to
an assumed oil water contact for the field of approximately
2,411 metres subsea prior to the drilling of Jingemia-2 and -3,
indicating that there may be 3 metres of addition oil column in
the field. Reservoir quality is interpreted to be suitable for
water injection and the well will now be completed to provide
pressure support for the Jingemia-1 oil producing well.
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
… Page 2 …
Subject to regulatory approvals, a second Extended Production Test (EPT) is anticipated
to commence in mid-October. This follows the first EPT where oil flow rates of between
1,000 and 1,900 barrels per day were recorded over a 3 month test period. During that
EPT, the Jingemia-1 well produced in excess of 125,000 barrels of oil, with no water.
Participants in the Jingemia-3 well are:
Origin Energy Developments Pty Limited 49.189%
Hardman Resources Ltd 22.376%
AWE (Perth Basin) Pty Ltd 15.245%
Voyager Energy Limited 6.270%
Victoria Petroleum NL 5.000%
Norwest Energy NL 1.278%
Roc Oil (WA) Pty Limited 0.250%
Arc Energy NL 0.250%
John Kevin Geary 0.142%