FOR IMMEDIATE RELEASE
ASX ANNOUNCEMENT
RELEASE DATE: 4 September 2003
TO: Manager, Company Announcements
Australian Stock Exchange Limited
CONTACT: Tom Fontaine (08 9322 3244) PAGES: 1
RE: LEAFCUTTER-1 WELL - PROGRESS REPORT #2
Dear Sir/Madam,
All reported depths are in metres below the Kelly Bushing on the rig floor. Reports will be made on a
weekly basis (Thursday) or in the case of a material occurrence.
Period: 72 hours to 6am on 4/9/03.
Current Depth: 417 mKB
Progress: Drill ahead in 12.25” (311mm) hole from 51mKB to 417mKB.
Forward program: Drill ahead in 12.25” (311mm) hole.
Hydrocarbon
Indications: Hydrocarbon shows will only be reported after wireline logs have been
run and evaluated at the Total Depth of the well.
Primary and Secondary
Targets: The primary target is the Permian High Cliff Sandstone at a depth of
approximately 1,315 metres. Secondary targets include sandstones
within the Irwin River Coal Measures and a sandstone and/or limestone
within the Carynginia Formation.
Participants: Bounty Oil & Gas NL 25%
Hardman Resources Ltd 75%
Yours sincerely,
BOUNTY OIL & GAS NL
Tom Fontaine
Managing Director
HDR
hardman resources limited