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Progress Report for Woodada #19 Well ,Tues, 23/4/2

  1. Same depth as yesterday,1483 metres and working on the rig up BOP's,
    reminds me of a song "Bip BOP a lula,she's my baby..."
    Okay,okay I know don't give up my day time job,thanks.
    ***********************************************************************************************************

    Progress Report for Woodada #19 Well

    Document date: Tue 23 Apr 2002 Published: Tue 23 Apr 2002 12:04:37
    Document No: 214831 Document part: A
    Market Flag: N
    Classification: Progress Report
    HARDMAN RESOURCES LIMITED 2002-04-23 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 (PL 5) located approximately
    260 kilometres north of Perth, Western Australia. Further details
    are:

    PROGRESS:
    Current depth of 1,483 metres KB. Cement 95(5/8) inch (245 mm) (up to
    06:00 hours 22/4/02) casing, rig UP BOP's.

    WELL LOCATION:
    Located to intersect primary reservoir target approximately 700
    metres west of the Woodada #8 gas production well.

    PRIMARY TARGET:
    Gas producing zones within Carynginia Limestone at approximately
    2,200 meters depth.

    SECONDARY TARGETS:
    * Sandstone within basal Carynginia Formation (between 2,400 metres
    to 2,500 metres depth), below the Carynginia Limestone Gas Reservoir.

    * Sandstones within the Irwin River Coal Measures, between 2,530
    metres to 2,800 metres depth.

    * High Cliff Sandstone (if present) at about 2,820 metres depth.

    Note: These secondary objectives below the producing gas reservoir of
    the Woodada Gas Field have not previously been tested.

    HYDROCARBON INDICATIONS:
    Nil. No hydrocarbons are expected above the
    regional sealing Kockatea Formation. Drilling of Woodada #19
    commenced on 11 April 2002. A period of 25 days has been estimated
    for the completion of drilling and testing operations at Woodada #19
    to an approximate total depth of 2,900 metres.

    PARTICIPANTS:
    Hardman Resources Ltd 75%
    Bounty Oil & Gas NL 25%


    S Spencer
    DIRECTOR

    --------------------------------------------------------------------------------

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