RNS Number:9564A
Hardman Resources Limited
10 September 2002

RELEASE DATE:                10 September 2002

TO:                          Manager, Company Announcements
                             Australian Stock Exchange Limited

CONTACT:                     Scott Spencer (08 9321 6881)

RE:                          DRILLSHIP MOVING TO BANDA PROSPECT,
                             OFFSHORE MAURITANIA

Dear Sir/Madam

Hardman Resources Ltd ("Hardman") announces that the drillship Deepwater
Discovery has moved to the Banda Prospect (Block A) where the planned
exploration well will be spudded in the next few days.  The Chinguetti 4-2 well
has been temporarily suspended due to mechanical problems with the production
testing equipment and the drilling of Banda will avoid rig downtime while the
faulty equipment is replaced.

Evaluation of the Chinguetti Field will continue after drilling the Banda well,
when the rig will return to complete the testing program on the Chinguetti 4-2
well.

Hardman's Managing Director Ted Ellyard commented:

"The delay in completing testing of the Chinguetti 4-2 well due to mechanical
problems will not have an impact on the overall project schedule as this
drilling campaign began earlier than expected.  The first well has proved that a
significant oil column is present on the up thrown side of the field.

We have been very satisfied with the results of the first production test.
Hardman's  preliminary interpretation of the test data gives us confidence that
these are very good reservoir sands and that much higher flow rates can be
achieved from these sands in production wells with appropriately designed
completions.

We are looking forward to returning to the Chinguetti Field to continue the
appraisal programme after drilling the Banda prospect.  The Banda well is
targeting the same sand system as that which is the oil reservoir at Chinguetti.
Hardman estimates mean potential reserves of 290 million barrels recoverable
at Banda, which is only 21 kilometres inshore from Chinguetti in shallower
water."

Current Operation:  (at approx 0800 hours WST 10/9/02)

Preparing to spud the Banda exploration well.

Progress: (Since last report 3/9/02)

Prepare and test equipment for the second production test.  Mechanical problems
were encountered with the test equipment. Decided to temporarily suspend the
well. Commenced move to Banda prospect.

Equity participation in the Chinguetti 4-2 well is as follows:

              Hardman Resources Ltd                             21.6%
              Fusion Oil & Gas NL                                6.0%
              Roc Oil (Mauritania) Company                       2.4%
              ENI Agip British Borneo Ltd                       35.0%
              Woodside Mauritania Pty Ltd                       35.0%

Equity participation in the Banda exploration well is as follows:

              Hardman Resources Ltd                             24.3%
              Fusion Oil & Gas NL                                3.0%
              Roc Oil (Mauritania) Company                       2.7%
              ENI Agip British Borneo Ltd                       35.0%
              Woodside Mauritania Pty Ltd                       35.0%

Hardman will have a 2.7% free carry in the Banda well by Fusion Oil & Gas NL
pursuant to an agreement reached prior to the 2001 drilling program with respect
to the first well to be drilled in PSC Area A.


Yours faithfully
HARDMAN RESOURCES LTD





KATHRYN DAVIES
COMPANY SECRETARY AND
CHIEF FINANCIAL OFFICER


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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