HDR hardman resources limited

HDR Announcement, page-2

  1. 323 Posts.
    BOUNTY OIL & GAS NL 2002-05-17 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Bounty Oil & Gas NL provides the following progress report on the
    drilling of the Woodada #19 gas well. All depths are in metres below
    the Kelly Bushing on the rig floor.

    Period:
    24 hours to 6am on 17/5/02.

    Current Depth:
    2,841 mKB (Total Depth).

    Progress:
    Run wireline logs. Condition hole. Prepare to conduct Drill Stem Test
    to evaluate gas-bearing sandstone identified on logs below the
    Carynginia Formation.

    Hydrocarbon indications:
    Wireline log evaluation continuing.

    Previous Hydrocarbon Indications:
    Background gas in Carynginia Shale Formation
    Significant gas shows in Carynginia Limestone
    Background gas in Irwin River Coal Measures (up to 23% gas in
    drilling mud)

    Primary and Secondary Targets:
    Please refer to previous announcements.

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

    T Fontaine
    MANAGING DIRECTOR

 
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