HARDMAN RESOURCES LIMITED 2002-10-08 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Hardman Resources Ltd ("Hardman") provides the following progress
report on the drilling of the Chinguetti 4-4 appraisal well, offshore
Mauritania.
Progress: The well was drilled to 2,599 metres
(Previous 7 days to 14:00 and subsequently cored and drilled to the
hours (Perth) on 7/10/02) current depth of 2,706 metres. Three cores
were cut in the interval 2,599 to 2,706
metres.
The current operation is reaming (widening
the hole) at 2,618 metres prior to
drilling ahead to total depth, after which
wireline logs will be run.
Note: All reported depths are referenced
to the rig rotary table.
Geology & Hydrocarbon Hydrocarbon shows will only be reported
Shows: after wireline logs have been run and
evaluated for that hole size section.
Prospect Description: The Chinguetti 4-4 well will be drilled
to a proposed total depth of 2,925 metres,
in the southern downthrown flank of the
Chinguetti structure, approximately 1.5
kilometres east of the Chinguetti-1
discovery well.
Note: Under the well naming convention
adopted by the Mauritanian government all
wells drilled by Woodside will follow the
naming convention of "Chinguetti - Block
No - Well No".
Equity participation in the Chinguetti 4-4 appraisal well is as
follows:
Hardman Resources Ltd 21.6%
Fusion Oil & Gas NL 6.0%
Roc Oil (Mauritania) Company 2.4%
Agip Mauritania BV 35.0%
Woodside Mauritania Pty Ltd 35.0%
T Ellyard
MANAGING DIRECTOR
HDR
hardman resources limited