Mauritania Drilling Report
November 25 2003 - 2:02AM
UK Regulatory
RNS Number:4480S
Hardman Resources Limited
25 November 2003
HARDMAN RESOURCES LTD
Ground Floor, 5 Ord Street, West Perth
PO Box 869, West Perth
Western Australia 6872
Tel: +61 8 9321 6881 Fax: +61 8 9321 2375
ABN 98 009 210 235
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 25 November 2003
CONTACT: Ted Ellyard (08 9321 6881)
RE: OFFSHORE MAURITANIA WEEKLY DRILLING UPDATE
Hardman Resources Ltd ("Hardman") provides the following weekly progress report
on the drilling and testing operations in offshore Mauritania:
Poune Exploration Well
Progress: The Poune exploration well (Chinguetti 5-1 Poune) was spudded (commenced
drilling) on 16 November 2003. Since the last report (18 November) the 20 inch
casing was run and cemented, blowout preventers were installed, 171/2 inch hole
was drilled to 2,610 metres depth and intermediate wireline logs and sidewall
core samples were acquired. At 0800 hours (Australian WST) on 25 November 2003,
preparations were underway to run 13 3/8 inch casing.
Geology & Hydrocarbon Shows: Hydrocarbon shows will only be reported after wireline logs have been run and
evaluated at total depth of the well.
Well Location: The independent Poune Prospect is located approximately 48 kilometres north of
the Chinguetti Field and 27 kilometres northeast of the Tiof oil and gas
discovery. Water depth at the location is approximately 920 metres and the
planned total depth is approximately 3,250 metres (includes water depth).
Prospect Details: The Poune exploration well is testing an interpreted Upper Cretaceous channel
sandstone system located within an independent structural closure. This main
target is prognosed at approximately 2,960 metres depth and is expected to be
penetrated within the next one to three weeks.
Note: All depths are referenced to the rig drill floor.
Participants in the Poune exploration 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
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