HDR hardman resources limited

Woodada19 update.

  1. 2,104 Posts.
     Come on, bring up the OIL

    Progress Report 34 for Woodada #19 Well

    Document date: Thu 30 May 2002 Published: Thu 30 May 2002 12:53:23
    Document No: 217095 Document part: A
    Market Flag: N
    Classification: Progress Report

    HOMEX - Perth

    Bounty Oil & Gas NL provides the following progress report on the
    drilling of the Woodads #19 gas well. All depths are in metres below
    the Kelly Bushing on the rig floor.

    Period: 24 hours to 6am on 30/5/02.

    Current Depth: 2,841 mKB (Total Depth).

    Progress: Run Cement Bond Log. Run in hole with 6 inch (152mm) bit
    and scraper, scrape 1750m - 1900 mKB and 2500m - 2725 mKB. Circulate
    hole clean. Pull out of hole, lay down drill-pipe. Prepare to
    displace mud with brine and perforate.

    Forward program:

    1. 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 (oil or water) and productivity.

    2. 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

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

    T Fontaine

    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 years
    experience in the field of activity.

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