+++++++++++++++++++++++++ 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: