Chinguetti 4-5
October 14 2003 - 3:01AM
UK Regulatory
RNS Number:8579Q
Hardman Resources Limited
14 October 2003
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 14 October 2003
CONTACT: Ted Ellyard (08 9321 6881)
RE: CHINGUETTI 4-5, PSC AREA B, OFFSHORE MAURITANIA
Hardman Resources Ltd ("Hardman") advises that at 0000 hours on 14 October 2003
production testing operations were underway in the Chinguetti 4-5 combined
appraisal and early development well.
Since the last report, completion operations of the test interval have finished
and preliminary activities prior to flowing the well have been underway.
Results from the production testing will be announced as soon as they are
available.
All reported times are UTC (also known as GMT).
Participants in the Chinguetti 4-5 well and PSC Area B are:
Woodside Mauritania Pty Ltd (Operator) 35.0%
AGIP Mauritania BV 35.0%
Hardman Resources Ltd 21.6%
Fusion Mauritania B Limited 6.0%
Roc Oil (Mauritania) Company 2.4%
2003 Mauritania Exploration Programme
As previously announced, the first exploration well in the 2003 programme will
be Tiof. This and the remaining exploration wells will be drilled by the West
Navigator drillship, which was originally chosen for this drilling programme and
was replaced by the Jack Ryan in order to avoid any delay in drilling the
Chinguetti 4-5 well. The West Navigator is currently expected to be in
Mauritanian waters on or about 25 October 2003.
The Joint Venture has now decided to drill the Poune prospect as the third well
in this year's programme. Poune is an Upper Cretaceous prospect and a well
location has been chosen which will also allow a test of a shallower Miocene
interval.
SCOTT SPENCER
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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