HDR hardman resources limited

Thon Prospect Exploration Well spudded, page-2

  1. 470 Posts.
    This is the previous report also out today. What I'm curious about is the extra farminee for what was supposedly a low risk play.

    WPL : WPL: Mauritania PSC C Chinguetti 6-1
    ASX Report
    13:00:0230 22/10/2002 Issuer: WPL

    HOMEX - Perth

    Woodside Mauritania Pty Ltd., operator of the Mauritania Area C Joint
    Venture, reports that the Chinguetti-6-1 exploration well on the Thon
    Prospect, in Block 6 offshore Mauritania, was spudded on 20 October

    On 22 October 2002, the well had been drilled to a depth of 1377
    metres and the current operation was running the 13(3/8) inch casing.

    The drill ship "Deepwater Discovery" is drilling the well. The
    location is approximately 125 kilometres northwest of Nouakchott.
    Water depth at the location is 659 metres and the planned total depth
    is 3309 metres.

    Since the last report, plug and abandonment operations on
    Chinguetti-4-2 were completed and the rig was handed over to the
    Chinguetti-6-1 joint venture on 19 October 2002.

    All reported depths (except water depth) are referenced to the rig
    rotary table.

    Agreement has been reached (subject to completion of formal farmout
    documentation) to farmout equity in the well and in the PSC to
    Petronas Carigali of Malaysia. Revised equities in the well and in
    the PSC will then be as follows:

    (pre-farmout) (post-farmout)

    Woodside Mauritania Pty Ltd 59.5% 37.58%
    Hardman Resources Ltd 35.5% 22.42%
    Roc Oil (Mauritania) Company 5.0% 5.00%
    Petronas Carigali 0.0% 35.00%

    Following guidance from the Mauritanian Government, all wells in
    Mauritania follow the naming convention "Chinguetti-Block number-Well
    number". Therefore the official designation of this well is

    A Niardone

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