HARDMAN RESOURCES LTD Woodada #19: Progress Reports Hardman Resources Ltd advises that the Woodada #19 well is being cased and cemented to undertake longer term flow testing of potential hydrocarbon bearing zones. (Please refer to Stock Exchange Announcement dated 22 May 2002). Whilst these operations are being undertaken, Hardman will provide progress reports on Woodada #19 to the Stock Exchange on a weekly basis unless a significant event occurs. The next progress report is scheduled for Wednesday, 29 May 2002. Progress Report 29 for Woodada #19 Well
Document date: Thu 23 May 2002 Published: Thu 23 May 2002 12:23:26 Document No: 216661 Document part: A Market Flag: N Classification: Progress Report
BOUNTY OIL & GAS NL 2002-05-23 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ Bounty Oil & Gas NL provides the following progress report on the drilling of the Woodada #19 gas well. All depths are in metres below the Kelly Bushing on the rig floor.
Period: 24 hours to 6am on 23/05/02.
Current Depth: 2,841 mKB (Total Depth).
Progress: Pull test string out of hole after DST #3. Conduct wiper trip, condition mud. Pull out of hole and lay down drill pipe.
Forward program: 1. Run and cement 7 inch (178 mm) casing to 2,841 mKB (TD).
2. Conduct long term flow testing through casing of the sandstones within the basal Irwin River Coal Measures and High Cliff Sandstone to determine type of formation fluid and productivity.
3. Conduct long term flow testing of Carynginia Limestone to confirm the economic potential for gas production. Hydrocarbon Indications: Please refer to previous announcements.
Primary and Secondary Targets: Please refer to previous announcements.
It is uncertain whether the Irwin River Coal Measures and/or the High Cliff Sandstone contain commercially producible hydrocarbons. A considerable amount of drilling mud has been lost into the formations during the drilling operations, and this mud dominated the results of our DST testing. Casing will be run to the bottom of the hole to allow long term testing of these formations. The tests will allow us to recover the mud from the formations and determine the nature of the formation fluid (oil or water).
T Fontaine MANAGING DIRECTOR
NOTE: In accordance with ASX listing requirements, the geological information supplied in this report has been based on information provided by geologists who have had in excess of five years experience in their field of activity.