Highlands Natural Resources Regulatory News (HNR)

24 Jan 2006 07:00

Hardman Resources Limited24 January 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 24 January 2006 AUSTRALIAN CONTACT: Peter Thomas 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 17 January the 'Stena Tay' has drilled the Dore-1exploration well to a depth of 1,993 metres. At midnight on the 23 January, current operations have the 'Stena Tay' preparingto run casing and drill ahead to the planned total depth of 2,388 metres. The Dore prospect is located approximately 19 kilometres east of the Tiof fieldand 30 kilometres north of the Chinguetti field in water depth of approximately386 metres. The well will be drilled to a proposed total depth of 2,388 metres and willtarget Oligocene aged submarine channel/turbidite sands as well as encounteringthe updip extension of the Tiof Miocene canyon system. Equities in PSC Area B are: PSC BWoodside (operator) 53.846%Hardman 21.6%BG Group 11.63%Premier 9.231%ROC 3.693% All reported depths (except water depth) are referenced to the rig rotary table(RT). Hydrocarbon shows will be only be reported after all required logs havebeen run and evaluated, although Hardman will release weekly updates on theexploration drilling campaign. Times and dates for Mauritania wells refer to GMT (Mauritania time), 8 hoursbehind Western Standard Time, Perth. PETER THOMASCHIEF FINANCIAL OFFICER 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