HDR hardman resources limited

Progress Report for Woodada #19 Well, 22/5/2002

  1. 2,099 Posts.
    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

    +++++++++++++++++++++++++
    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

    --------------------------------------------------------------------------------
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.