HARDMAN RESOURCES LIMITED 2002-05-14 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Hardman Rcsources Ltd provides the following progress report on the
drilling of the Woodada #19 gas well. The well is being drilled
within the Woodada Production Licence (PL 5) located approximately
260 kilometres north of Perth Western Australia.
PROGRESS:
Current depth of 2,789 metres KB. Drill ahead in 8(1/2) inch (216 mm)
(Last 24 hours to 06:00 hole size from 2,721 metres to 2,799 metres
KB. hours 14/5/02)
GEOLOGY AND HYDROCARBON SHOWS:
Irwin River Coal Measures from 2,721 to 2,789 metres KB comprising
interbedded sandstone, claystone/siltstone and minor thin coal beds.
High background gas readings with occasional gas shows (up to 3% gas
in drilling mud) predominantly C1, trace C2. The gas shows are
considered to be associated with coal beds.
PRIMARY AND SECONDARY TARGETS:
Refer to previous announcements.
PARTICIPANTS:
Hardman Resources Ltd 75%
Bounty Oil & Gas NL 25%
T Ellyard
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