Chinguetti 4-5
October 23 2003 - 3:02AM
UK Regulatory
RNS Number:2173R
Hardman Resources Limited
23 October 2003
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 23 October 2003
CONTACT: Ted Ellyard (08 9321 6881)
RE: CHINGUETTI 4-5, PSC AREA B, OFFSHORE MAURITANIA
Hardman Resources Ltd ("Hardman") advises that as at approximately 08:00 hours
on 22 October 2003 production testing operations were continuing in the
Chinguetti 4-5 combined appraisal and early development well.
Since the last report, the well has continued to flow oil to surface and is
currently flowing oil at a steady rate of 12,500 bopd. The planned programme is
to obtain further data at this current rate before shutting the well in and then
re-opening for the main flow period. Further details will be announced once
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%
KATHRYN DAVIES
COMPANY SECRETARY AND
CHIEF FINANCIAL OFFICER
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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