HDR hardman resources limited

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    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

 
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