North Perth Basin Update
September 25 2003 - 3:04AM
UK Regulatory
RNS Number:1596Q
Hardman Resources Limited
25 September 2003
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 25 September 2003
CONTACT: Scott Spencer (08 9321 6881)
RE: NORTH PERTH BASIN WEEKLY DRILLING UPDATE
Hardman Resources Ltd ("Hardman") provides the following weekly progress report
on the drilling of the Jingemia-3 sidetrack in the North Perth Basin:
Well Location: The Jingemia Oil Field is located within onshore
exploration permit EP 413, to the north of the
Woodada Gas Field and is approximately 300
kilometres north of Perth, Western Australia.
Progress: During the week, the Jingemia-3 well was
(Previous 7 days to sidetracked from Jingemia-2 at a depth of 740
06:00 hours 25/9/03) metres and intersected the Dongara Sandstone
reservoir at approximately 2,420 metres (true
vertical depth). Total depth is 2,510 metres
(true vertical depth). Wireline logging
operations have been completed. Operations are
underway to run production casing to complete the
well as a water injector which will be used to
maintain pressure support during production of the
Jingemia Oil Field.
Note: All reported depths are referenced to the
rig drill floor.
Geology & Hydrocarbon Shows: Analysis of the Dongara Sandstone reservoir in the
well has confirmed it to be in pressure
communication with Jingemia-1. Reservoir quality
is interpreted to be suitable for water injection.
Following completion of the well, other associated activities and obtaining
necessary regulatory approvals, it is anticipated that a second Extended
Production Test of the field will commence in October.
... Page 2 ...
Participants in the Jingemia-3 well are:
Origin Energy Developments Pty Limited 49.189%
Hardman Resources Ltd 22.376%
AWE (Perth Basin) Pty Ltd 15.245%
Voyager Energy Limited 6.270%
Victoria Petroleum NL 5.000%
Norwest Energy NL 1.278%
Roc Oil (WA) Pty Limited 0.250%
Arc Energy NL 0.250%
John Kevin Geary 0.142%
SCOTT SPENCER
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
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