HDR hardman resources limited

artical posted in advfn

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    Another firm to drill oil

    By Emmy Olaki

    Australian oil exploration company, Hardman Resources, has started mobilising resources for oil drilling on Block 2, on the Albert graben to start on January 25.

    Ernest Rubondo, the deputy commissioner in the petroleum exploration department, said Hardman would use some of the equipment, which was used by Heritage Oil in addition to what it has.

    “Hardman did a lake survey in 2003 and completed interpretation of that data, which indicated several prospects. These extend to the land, so they will also do a detailed survey on the land to delineate a drilling location,” Rubondo said.

    Hardman is the project operator with a 50% interest in the production sharing agreement over the block. The joint venture partner is Energy Africa. It joins Heritage Oil and Gas who is licensed for Block 3 and recently Block 1 along the same graben.

    Exploration area 2 covers about 4,700 square kilometres over the northern part of Lake Albert.

    Block 2 is adjacent to Block 3 and has a perceived high prospectivity, following a potential petroleum discovery in the second oil well drilled by Heritage on Block 3.

    Energy ministry records show that the area is under-explored, with one well having been drilled on the shores of Lake Albert by Shell in 1938.

    Published on: Tuesday, 11th January, 2005
 
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