Progress Report for Woodada #19 Well
Document date: Wed 22 May 2002 Published: Wed 22 May 2002 12:37:58
Document No: 216585 Document part: A
Market Flag: Y
Classification: Progress Report
HARDMAN RESOURCES LIMITED 2002-05-22 ASX-SIGNAL-G
HOMEX - Perth
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Hardman Resources Ltd provides the following progress report on the
drilling of the Woodada #19 gas well. The well is being drilled
within the Woodada Production Licence (PL5) located approximately 260
kilometres north of Perth, Western Australia.
PROGRESS: (Last 2 days to 06:00 hours 22/5/02)
Total depth of 2,841 metres. Pull out of hole after DST #2. Prepare
test tools and run in hole for DST #3. Complete DST #3 successfully.
Pull test tools out of hole and prepare to conduct wiper trip with
drill string to re-condition hole.
Note: All depths are referenced to rig drill floor (KB).
PRELIMINARY RESULTS OF DST #3:
Off bottom test of sandstones within entire Irwin River Coal Measures
section and High Cliff Sandstone. Test interval was 2,510 to 2,841
metres (total depth).
Flow period of 5 1/2 hours with inflow to test string at estimated
rate of 600 barrels per day, Inflow stopped approx 285 metres below
surface.
Recovered approx 64 barrels of drilling mud with thin oil film on top
of mud and minor amounts of gas.
Note: Considerable drilling mud was lost into the sandstone beds
tested by DST #2 and #3. The drilling mud must be recovered before
formation fluid (oil or water) can be recovered during testing (ie
longer term test is required).
FORWARD PROGRAMME
1. Run and cement 7 inch (178mm) casing to total depth of 2,841
metres.
2. Conduct long term flow testing through casing of the sandstones
within basal Irwin River Coal Measures and High Cliff Sandstone to
determine the type of formation fluid and productivity.
3. Conduct long term flow testing of Carynginia Limestone to confirm
the economic potential for gas production.
PRIMARY AND SECONDARY TARGETS: Refer to previous announcements.
PARTICIPANTS: Hardman Resources Ltd 75%
Bounty Oil & Gas NL 25%
T Ellyard
MANAGING DIRECTOR
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HDR
hardman resources limited