re: roc and wpl have colin on list? Has this been on HC?
Drilling Report
RNS Number:4695U
Hardman Resources Limited
22 November 2005
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 22 November 2005
AUSTRALIAN CONTACT: Simon Potter
Hardman Resources Ltd
+61 8 9261 7600
LONDON CONTACT: Patrick Handley
Brunswick Group
+44 207 404 5959
RE: HARDMAN DRILLING PROGRAMME WEEKLY DRILLING REPORT
Hardman Resources Limited ("Hardman") provides the following progress report on
its drilling activities:
Uganda Block 2: Mputa-1 Wildcat
Mobilisation of the drilling rig has commenced with the first loads arriving at
the Mputa-1 well site on 20 November. The well is expected to spud in
mid-December.
Mputa-1 will target a structural prospect with potential multiple objectives.
The prospect was defined by the 2005 onshore seismic survey and oil seeps have
been identified in the immediate area. Planned total depth is approximately
1,100 metres. Further updates will be provided closer to the spud date.
Block 2
Hardman 50.0%
Tullow Oil 50.0%
Mauritania PSC Area B: Labeidna-1 Exploration Well
The Labeidna-1 exploration well was plugged and abandoned on the 20 November as
planned. Preliminary analysis of the wireline and fluid sample data shows a
gross oil bearing interval of 116 metres in interbedded, high quality, though
thin reservoir sands and claystones.
These results will be incorporated into an assessment of the commercial
potential of the Labeidna accumulation, subsequent appraisal potential and
impact for adjacent prospects such as N'dor.
As at midnight on the 21 November the 'Stena Tay' drilling rig was moving to the
Faucon-1 location.
Hardman interests in PSCs A, B and the Chinguetti field are:
PSC B PSC A Chinguetti Field (EEA)
Woodside (operator) 53.846% 53.846% 47.384%
Hardman 21.6% 24.3% 19.008%
BG Group 11.63% 13.084% 10.234%
Fusion/Premier 9.231% 4.615% 8.123%
ROC 3.693% 4.155% 3.250%
Groupe Project Chinguetti - - 12.000%
Mauritania Block 1: Faucon-1 Exploration Well
Faucon-1 is located in 1,164 metres of water in Block 1, the reservoir is a
Cretaceous canyon complex sealed against a salt diapir with a planned total
depth of 4,200 metres.
Hardman interests in Block 1 are:
Block 1
Hardman 18.0%
Dana (Operator) 60.0% ^
Tullow Oil 20.0%
ROC 2.0%
^ Gaz De France acquiring 24% subject to completion of their assignment from
Dana.
All reported depths (except water depth) are referenced to the rig rotary table
(RT). Hydrocarbon shows will be only be reported after all required logs have
been run and evaluated, although Hardman will release weekly updates on the
exploration drilling campaign.
Times and dates refer to GMT (Mauritania time), 8 hours behind Western Standard
Time, Perth.
SIMON POTTER
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.
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