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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