Progress Report Chinguetti4-4
October 09 2002 - 3:00AM
UK Regulatory
RNS Number:2465C
Hardman Resources Limited
09 October 2002
RELEASE DATE: 9 October 2002
TO: London Stock Exchange Limited
CONTACT: Ted Ellyard (08 9321 6881)
RE: PROGRESS DRILLING REPORT FOR CHINGUETTI 4-4
APPRAISAL WELL, OFFSHORE MAURITANIA
Dear Sir/Madam
Hardman Resources Ltd ("Hardman") provides the following progress report on the
drilling of the Chinguetti 4-4 appraisal well, offshore Mauritania.
Progress: Drilled 121/4 inch (311 mm) hole to total depth of 2,986 metres.
Preparing to run wireline logs.
(Previous 24 hours to 14:00 hours
(Perth) on 8/10/02)
Note: 1. All reported depths are referenced to the rig rotary
table.
2. A decision was made to extend the total depth (TD) of
the well on 8/10/02 from the previously advised planned total depth of
2,925 metres after evaluation of the cores cut in the reservoir section.
Geology & Hydrocarbon Shows: Hydrocarbon shows will only be reported after wireline logs have been
run and evaluated. (Expected to be 2-3 days).
Prospect Description: The Chinguetti 4-4 well is being drilled on the southern downthrown
flank of the Chinguetti structure, approximately 1.5 kilometres east of
the Chinguetti-1 discovery well.
Equity participation in the Chinguetti 4-4 appraisal well is as follows:
Hardman Resources Ltd 21.6%
Fusion Oil & Gas NL 6.0%
Roc Oil (Mauritania) Company 2.4%
Agip Mauritania BV 35.0%
Woodside Mauritania Pty Ltd 35.0%
Yours sincerely
HARDMAN RESOURCES LTD
TED ELLYARD
MANAGING DIRECTOR
This information is provided by RNS
The company news service from the London Stock Exchange
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