Mauritania Drilling Update
09 Dezember 2003 - 8:02AM
UK Regulatory
RNS Number:0190T
Hardman Resources Limited
09 December 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: 9 December 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:
Tiof West Exploration Well (PSC Area B)
As previously announced (5 December) the Area B joint venture has agreed to
drill the Tiof West exploration well as an additional well in the 2003 drilling
programme. Tiof West, also referred to as Chinguetti 4-7 (Tiof West), was
spudded (commenced drilling) on 8 December by the drillship "West Navigator".
At 0800 hours (Australian WST) on 9 December 2003 the 36 inch conductor casing
had been jetted to a depth of 1,390 metres.
Prospect Details: The Tiof West well will test the western extension of the Miocene Channel system which
was found to contain oil and gas bearing sandstones over a confirmed gross interval of
at least 88 metres in the first Tiof well. The Tiof West well is located approximately
8 kilometres from the Tiof discovery well drilled near the structural crest. As such,
the well is considered to be a significant step out to evaluate the extent and
hydrocarbon bearing potential of the Tiof Miocene channel sandstones. Water depth at
the Tiof West location is 1,320 metres and the well is planned to be drilled to a total
depth of 2,990 metres.
Note: All reported depths (except water depth) are referenced to the rig rotary
table.
Participants in the Tiof West 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%
Pelican-1 Exploration Well (Block 7)
Progress: The Pelican-1 exploration well was spudded (commenced drilling) on 30 November 2003.
Since the last report (2 December), the 20 inch casing has been run and cemented after
some operational delays at a depth of 2,591 metres. At 0800 hours (Australian WST) on
9 December 2003 the Blow Out Preventers were being run and connected and preparations
were underway to drill ahead.
Well Location: The Pelican Prospect is located approximately 150 kilometres north of the Chinguetti
Oil Field in PSC Block 7. The well, which is in approximately 1,700 metres water
depth, is planned to be drilled to a total depth of about 3,800 metres (includes water
depth).
Prospect Details: The Pelican-1 exploration well will test a large structural closure with multiple
objectives within the Tertiary and Upper Cretaceous sequences.
Note: All reported depths (except water depth) are referenced to the rig rotary
table.
The Pelican-1 exploration well is being drilled by the drillship "Jack Ryan"
which has remained in Mauritanian waters since completing production testing of
the Chinguetti 4-5 Early Development Well. Woodside Energy Limited is managing
the drilling of the well on behalf of the Block 7 operator, Dana Petroleum plc.
Participants in the Pelican-1 exploration well and PSC Block 7 are:
Dana Petroleum plc Ltd (Operator) 80.0%
Hardman Resources Ltd 18.0%
Roc Oil (Mauritania) Company 2.0%
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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