Chinguetti4-5 Drilling Report
September 09 2003 - 3:04AM
UK Regulatory
RNS Number:5385P
Hardman Resources Limited
9 September 2003
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 9 September 2003
CONTACT: Ted Ellyard (08 9321 6881)
RE: WEEKLY PROGRESS DRILLING REPORT FOR
CHINGUETTI 4-5, OFFSHORE MAURITANIA
Hardman Resources Ltd ("Hardman") provides the following weekly progress report
on the drilling of the Chinguetti 4-5 well, PSC Area B, offshore Mauritania:
Project Description: The Chinguetti 4-5 Appraisal/Early Development
Well ("AEDW") is being drilled on the south
western part of the field approximately 900m
northwest of the Chinguetti-1 discovery well. The
well will be completed suitably for long term
production and an extended production test (1-2
week production period) is planned. The well
would thereafter be suspended pending
commissioning of production facilities in late
2005.
Progress: The well, located in 820m of water, was spudded on
(Previous 7 days to 4 September and an 18 inch (457mm) hole was
08:00 hours (Perth) 9/9/03) drilled to 1,682m. The 13 3/8inch (340mm) casing
was run and cemented. Current operation is
installing the blowout preventers (BOPs).
Geology & Hydrocarbon Shows: Hydrocarbon shows will only be reported after
wireline logs have been run and evaluated.
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%
TED ELLYARD
MANAGING 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
DRLEALNNELEDEEE