HDR hardman resources limited

HDR ANN In Text Format

  1. 321 Posts.
    HARDMAN RESOURCES LIMITED 2002-05-13 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. Further details
    are:

    Progress: (Last 72 hours to 06:00 hours 13/05/2002)
    Current depth of 2,721 metres KB. Drill ahead in 8(1/2) inch (216 mm)
    hole size from 2,539 metres to 2,721 metres KB.

    Geology and Hydrocarbon Shows:
    Irwin River Coal Measures from approx 2,514 to
    2,721 metres KB comprising interbedded sandstone, claystone/siltstone
    and minor thin coal beds below 2,640 metres KB.

    High background gas readings with occasional gas shows (up to 23% gas
    in drilling mud) predominantly C1, trace C2, C3. 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
    MANAGING DIRECTOR



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