Highlands Natural Resources Regulatory News (HNR)

26 Sep 2006 07:00

Hardman Resources Limited26 September 2006 STOCK EXCHANGE / MEDIA RELEASE RELEASE DATE: 26 September 2006 AUSTRALIAN CONTACT: Simon Potter Hardman Resources Ltd +61 8 9261 7600 LONDON CONTACT: Patrick Handley Brunswick Group (UK media relations) +44 207 404 5959 RE: MAURITANIA DRILLING UPDATE PAGES: 1 Hardman Resources Limited ("Hardman") provides the following update on itsexploration drilling operations: Mauritania: Exploration Drilling Update - Flamant-1 (Block 8) Since the company's last report on 19 September 2006, the Atwood Hunter hasdrilled the Flamant-1 exploration well to a total depth of 3,299 meters andcompleted wireline logging and fluid sampling operations. Analysis of the wireline and drill data indicates that the well has notencountered any significant hydrocarbons. However, there were indications of gasthroughout the approximately 1,150m thick carbonate primary target. As at 6:00am on 25 September 2006 preparations were underway to plug and abandonthe well. On completion of Flamant-1 the Atwood Hunter will drill the Aigrette-1exploration well in Block 7. Equities in Block 8 and 7 are: Block 8 Block 7Dana Petroleum (Operator) 41.5% 63.850%Hardman Resources Ltd 18.0% 16.200%Roc Oil Company 2.0% 4.950%Wintershall 25% --Gaz de France 13.5% --Woodside -- 15.000 Times and dates for Mauritania wells refer to GMT (Mauritania time), 8 hoursbehind Western Standard Time, Perth. All reported depths (except water depth)are referenced to the rig rotary table (RT). SIMON POTTERCEO & Managing Director Note: In accordance with the ASX Listing Rules and AIM Rules, the hydrocarbonreserves and/or drilling update information in this report has been reviewed andsigned off by Mr Ian Bulley, MSC (Geology), Principal Geologist at HardmanResources who is fellow of the Geological Society of London and has at least 5years relevant experience within the sector. He consents to that information inthe form and context in which it appears. This information is provided by RNS The company news service from the London Stock Exchange