HDR hardman resources limited

BUY/HDR Anyone have a take on todays drill results, page-2

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    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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