Highlands Natural Resources Regulatory News (HNR)

30 Jan 2006 07:00

Hardman Resources Limited30 January 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 30 January 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group +44 207 404 5959 RE: HARDMAN DRILLING PROGRAMME WEEKLY PROGRESS REPORT Hardman Resources Limited ("Hardman") provides the following progress report onits Mauritania offshore activities: Mauritania: PSC Area B, Block 4 - Dore-1 Exploration Well Since the last report on 24 January the 'Stena Tay' has drilled the Dore-1exploration well to a total depth of 2,266 meters. Wireline logging has been completed and indicates the well has not encounteredany significant hydrocarbons, current operations have the well being plugged andabandoned. Equities in PSC Area B are: PSC BWoodside (operator) 53.846%Hardman 21.6%BG Group 11.63%Premier Oil 9.231%ROC Oil Company 3.693% This concludes the 2005/2006 Mauritanian drilling programme and the 'Stena Tay'rig will now be released. The 'Atwood Hunter' is scheduled to commence the 2006Mauritanian exploration programme in early second quarter 2006. All reported depths (except water depth) are referenced to the rig rotary table(RT). Times and dates for Mauritania wells refer to GMT (Mauritania time), 8 hoursbehind Western Standard Time, Perth. SIMON POTTERMANAGING DIRECTOR Note: In accordance with Australian Stock Exchange Limited listing requirements,the geological information supplied in this report has been based on informationprovided by geologists who have had in excess of five years experience in theirfield of activity. This information is provided by RNS The company news service from the London Stock Exchange