Hardman Resources Ltd provides the following progress report on the drilling of the Woodada #l9 gas well. The well is being drilled within the Woodada Production Licence (PL 5 ) located approximately 260 kilometres north of Perth, Western Australia. Further details are: Progress: Current depth of 2,144 metres KB. Drill 8 5 inch (216 m) hole (Last 24 hours IO 06;OO size from 2,064 metres to 2,144 metres. Pulling out of hole for bit hours 3/5/02) change. Geology and Hydrocarbon Shows: Background gas shows in Basal Kockatea Formation. Well Location: Located to intersect primary reservoir target approximately 700 metres west of the Woodada #S gas production well. Primary Target: Gas producing zones within Carynginia Limestone at approximately 2,200 metres depth. Secondary Targets: Sandstone within basal Carynginia Formation (between 2,400 metres to 2,500 metres depth), below the Carynginia Limestone Gas Reservoir. Sandstones within the Irwin River Coal Measures, between 2,530 metres to 2,800 metres depth. High Cliff Sandstone (if present) at about 2,820 metres depth. Web address: www.hdr.com.au Email: [email protected] 03 MAY '82 18:11 FROM TO ASX ANNOUNCEMENT P.82,'84 .Page2... Note: These secondary objectives below the producing gas reservoir of the Woodada Gas Field have not previously been tested. Drilling of Woodada #l9 commenced on l1 April 2002. A period of 25 days has been estimated for the completion of drilling and testing operations at Woodada #l9 to an approximate total depth o f 2,900 metres. Participants: Hardman Resources Ltd 75% Bounty Oil & Gas NL 25% Yours sincerely HIARDMAN RESOURCES LTD KATHRYN DAVIES COMPANY SECRETARY AND CHIEF FINANCIAL OFFICER
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
