HDR hardman resources limited

Hardman's weekly report.

  1. 2,099 Posts.

    Weekly Progress Report for Woodada #19 Well


    Document date: Wed 29 May 2002 Published: Wed 29 May 2002 13:08:35
    Document No: 217025 Document part: A
    Market Flag: N
    Classification: Progress Report - Other
    HARDMAN RESOURCES LIMITED 2002-05-29 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Hardman Resources 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: (Last 7 days to 06:00 hours 29/5/02)

    Total depth of 2,841 metres. Re-condition hole after DST #3. Run and
    cement 7 inch (178mm) casing to 2,839 metres depth. Connect Blow Out
    Preventer (BOP) to 7 inch casing. Run in hole with 6 inch drill string
    and drill out cement plugs in casing.

    Note: All depths are referenced to rig drill floor (KB).

    Forward Programme:

    1. Run Cement Bond Log to confirm integrity of cementing. Prepare to
    conduct scraper run to clean casing of residual cement.

    2. Conduct Cased Hole Test #1 (CHT#1) of potential hydrocarbon bearing
    sandstones within basal Irwin River Coal Measures and High Cliff
    Sandstone. The casing will be perforated over the test zones and the
    well swabbed to recover fluids and/or stimulate flow.

    Note: It is expected to take another three days (Saturday) to reach
    this stage of the operation.



    3. If the deeper zones tested by CHT#1 prove to be oil bearing the
    well will be completed for oil production. If the deeper zones are
    water bearing these zones will be cemented and CHT#2 undertaken.



    4. Conduct Cased Hole Test #2 (CHT#2) over gas bearing zones within
    the Carynginia Limestone to confirm the economic potential for gas
    production.

    Primary and Secondary Targets:

    Refer to previous announcements.

    Participants:

    Hardman Resources Ltd 75%
    Bounty Oil & Gas NL 25%


    K Davies
    COMPANY SECRETARY AND
    CHIEF FINANCIAL OFFICER

    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.

    --------------------------------------------------------------------------------

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.